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Sure we could "get by" without gold jewelry, but it is a _real_ tangible thing. The problem with Bitcoin is that it is "international" in nature. Yet, China h
by wkazatu 5y ago
Sure we could "get by" without gold jewelry, but it is a _real_ tangible thing.
The problem with Bitcoin is that it is "international" in nature.
Yet, China holds the largest share of Bitcoins and thus ownership is unbalanced.
https://www.investopedia.com/news/bitcoin-wont-win-worldwide-adoption-because-china-controls-it-ripple-ceo/ https://www.investopedia.com/news/bitcoin-wont-win-worldwide...
https://www.schneier.com/essays/archives/2021/03/bitcoins-greatest-feature-is-also-its-existential-threat.html https://www.schneier.com/essays/archives/2021/03/bitcoins-gr...
I think there is more value in Blockchain at the municipal or federal level of a country to improve transparency and such. Or somehow even the issuance of currency. Given geopolitical unrest and contention, or differing political views (USA vs. China), I can't see how this decentralized coin will continue over a 20 year period.