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It took me quite a while to understand what Bitcoin is about. Of course, decentralised systems are exciting tech, but what's really interesting is that Bitcoin
by Capira 4y ago
It took me quite a while to understand what Bitcoin is about. Of course, decentralised systems are exciting tech, but what's really interesting is that Bitcoin focuses attention onto fundamental questions of society:
- How can we transport value through space at the speed of light?
- How can we transport value through time?
- How can we protect our life savings from inflation?
- How can we develop a free market of currencies which solves the issues of centrally controlled currencies?
- How can we align incentives such that we stop consuming low quality products that produce lots of waste and start valuing high quality products that last for decades?
- In general: How can we, as a society, enjoy the benefits of a low time preference?
Such questions are the reason why I believe Bitcoin is one of the most disruptive technologies of our century.
- ea550ff70a 4y agoI started as a hater and skeptic but the more curious I got about the technical details of it and the more I learned, the more it started to grow on me.