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as it's been pointed out by many people in many circumstances, the whole cryptocurrency story so far has been a progressive reinvention of the modern financial
by riffraff 6y ago
as it's been pointed out by many people in many circumstances, the whole cryptocurrency story so far has been a progressive reinvention of the modern financial system, including many of the intermediary steps.
- rualca 6y agoI wouldn't go as far as calling it a reinvention of the modern financial system, but I would call it a reinvention of the Dutch tulip mania[1], with the notable exception that tulips do have some tangible value. https://en.wikipedia.org/wiki/Tulip_mania https://en.wikipedia.org/wiki/Tulip_mania
- SamReidHughes 6y agoThe other obvious exception is that bitcoins don’t self-replicate.