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This is not even really a surprising result. Bitcoin is not designed to be a functional currency in any modern sense. It's never going to be the basis of a comp
by Finnucane 5y ago
This is not even really a surprising result. Bitcoin is not designed to be a functional currency in any modern sense. It's never going to be the basis of a complex, large economy. It is far too inflexible and inefficient. It is designed to be a hoardable asset, as long as you can keep convincing people to pay into the system. The lack of government oversight and control obviously appeals to the criminal and the corporate mobsters.
- ipaddr 5y agoBitcoin is functional in the modern sense. It's post modern compared to credit cards or cash. It current doesn't scale currently to replace the existing system for everyone. You could say the lack of oversight around cash makes it appeal to criminals. The truth is most criminals have bank accounts. The majority of thief happens with credit cards not bitcoin.