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I feel so similarly to you. I got into Bitcoin in 2012 and really believed it had to potential to change the world. I thought titles and title insurance would b
by noveltyaccount 5y ago
I feel so similarly to you. I got into Bitcoin in 2012 and really believed it had to potential to change the world. I thought titles and title insurance would become a thing of the past; international banking would be revolutionized. Instead we got infighting, forking, crazy high fees, and a speculative asset driven only by new money coming in. The biggest distributed Ponzi scheme ever. And now with the clarity of a decade behind us, I have yet to see any compelling use case for crypto that isn't better served by trusting a central authority or open standards. Even titles need a court system to abitrate conflict, which you can't do with irrevocable transactions. When ETH had a bug in the DAO the community forked the chain to undo the bug, so now we have ETH and ETC, just hilarious.
I saw so much potential, and it's just a shame to see what happened to the community and direction of the technology. The Ponzi Casino is a sad outcome for crypto.