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for me the key tweet here is: > The two things people need to know about cryptocurrency are completely non-technical: > 1. If it doesn't work, it's just an ea
by tomgp 5y ago
for me the key tweet here is:
> The two things people need to know about cryptocurrency are completely non-technical:
> 1. If it doesn't work, it's just an easy to lose casino chip
>2. If it works, it creates an end run around all financial regulation, and will be dominated by uses those regulations try to stop
(edited for formatting)
- dehrmann 5y agoThe thing people also overlook on point 2 is that if cryptocurrencies and blockchain tech take over the traditional financial system, that doesn't mean bitcoin, or even etherium, did. In no way is bitcoin a bet on blockchain tech; people just tell themselves that story because it feels better than gambling on crypto trading cards. Nothing wrong with gambling on them, either; just don't say you're "investing."