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> Bitcoin (and other cryptocurrencies) does bring value to our society as a store of wealth that's not easy for governments to control. My personal take on thi
by jhanschoo 6y ago
> Bitcoin (and other cryptocurrencies) does bring value to our society as a store of wealth that's not easy for governments to control.
My personal take on this is that it's a temporary state of affairs. You might draw an analogy to the wild west of the Internet in the past, or e-mail. As Bitcoin goes mainstream, if it does, you will see familiar institutions built on it including fractional reserve banking that honor all the comfortable consumer things if you remain within their system.