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Check yourself.All progress was 'wasteful' with resources at one time. And yes, bitcoin is progress.
by plebianRube 5y ago
Check yourself.All progress was 'wasteful' with resources at one time. And yes, bitcoin is progress.
- tsimionescu 5y agoAll progress was 'wasteful' at some point, but all 'progress' is wasteful. And yes, bitcoin is 'progress'. I suppose Bitcoin is better than gold. Unfortunately, for BTC, we already have much more advanced financial technology.
- plebianRube 5y agoPermissioned legacy technology is not advanced. The stronger, harder money wins. Good luck with your guess.
- tsimionescu 5y agoI am specifically thinking of fiat money, based on burrowing and fractional reserve banking. This has addressed many historical problems with fixed money/value supply that Bitcoin would have if it ever caught on.