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> Don't be pedantic here and claim it was supposed to be some kind of money, but it's not From the Bitcoin whitepaper, page 1 paragraph 1 sentence 1 > A purel
by mdoms 5y ago
> Don't be pedantic here and claim it was supposed to be some kind of money, but it's not
From the Bitcoin whitepaper, page 1 paragraph 1 sentence 1
> A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution
What universe do you people live in?
- thebean11 5y agoSure, that's true but is it a useful take? It's like criticizing a company for pivoting from it's S-1.
- mdoms 5y agoIf it's not useful for money what use is it? Other than a Ponzi scheme.
- thebean11 5y agoTransferring large sums cheaply without either party needing bank accounts, speculation, inflation/"doomsday" hedging, private transactions (public, but not necessarily tied to your identity), smart contracts (escrowed transactions for example).