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He's not wrong... I'd compare it more though to original gold and silver as currency in the middle ages and earlier.... It's a new technology just like origin
by gremlinsinc 6y ago
He's not wrong...
I'd compare it more though to original gold and silver as currency in the middle ages and earlier....
It's a new technology just like original currency was centuries ago.
I think it has the potential to end poverty if tied to a single identity and account with built in taxes and a cap (prevent billionaires) and ads/rewards for internet content producers (built in patreon and crowd funding)...
But bitcoin and even ethereum aren't this...
Eth has more potential and possibilities, Cardano is even better, but I think anything that might help poverty and equality and post scarcity is 20 years off... Might not even technically use blockchain but some other mechanism for decentralization of currency.