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> Meanwhile, we get interesting volatility. Rather than an attempt at designing a currency with really desirable properties, it seems like intent behind bitcoi
by crispyambulance 6y ago
> Meanwhile, we get interesting volatility.
Rather than an attempt at designing a currency with really desirable properties, it seems like intent behind bitcoin was to take the WORST aspects of currency: scarcity, extreme volatility, unground it from reality, and computerize all that to make it even faster and more reckless.
Economic crashes devaste the working class when inflation skyrockets or goes into manic up-down bulimic cycles that seem to benefit only financiers. ... Yet this is what people have made as a _CENTRAL_ feature of cryptocurrency?
Bitcoin/crypto-currency makes me question even the most fundamental notions of what money "is". Whatever it becomes, I wish that crypto-currency was just a way to exchange goods and services with some useful features rather than a thrill-toy for wealthy speculators. I guess that would be too boring for people?