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Hard to think of a more opposite intended use case than the one Satoshi imagined than this: a custodial, government-subsidized, completely identified (not pseud
by uncomputation 4y ago
Hard to think of a more opposite intended use case than the one Satoshi imagined than this: a custodial, government-subsidized, completely identified (not pseudonymous) payment app which does not allow you to run verification of the network dangled by the government with a $30 carrot in front of a largely unbanked, cash-based society which trusts the dollar. Every single metric here is an extreme far cry from the tech-literate, globally privileged, privacy conscious libertarian group that cryptocurrency came from. Crypto as a whole has many interesting use cases and potential, some of which excite me personally, but this is probably the largest example of the “solution looking for a problem” criticism here. The greatest irony here being many Salvadorans don’t trust bitcoin, but do trust the dollar!