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The challenging thing for reasonable people and economists is that although Bitcoin is the undisputed digital gold, cryptocurrency continues to evolve and impro
by ilaksh 5y ago
The challenging thing for reasonable people and economists is that although Bitcoin is the undisputed digital gold, cryptocurrency continues to evolve and improve.
Money is now a high technology. Whereas money actually in use generally is not. Similarly with other aspects such as transportation or government. High tech exists, but generally is not deployed.
Effectively this means that the structure of society becomes more and more out-of-date as it lags behind advancements and developments.
Also, if you aren't familiar, do some investigation into the historical relationship between clans, gangs, kingdoms, and nation-states.
- maxerickson 5y agoIrreversible smart contracts are dumb. Having access to the legal system is actually good. Having to implement your own safeguards to store large amounts of value is bad.