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Because ever since the Bitcoin whitepaper, the focus has completely shifted from building useful technology into speculation and grift, accompanied by scams and
by tromp 5y ago
Because ever since the Bitcoin whitepaper, the focus has completely shifted from building useful technology into speculation and grift, accompanied by scams and tribalism.
Solving the double spending problem in a completely decentralized manner is quite the achievement, but rather than embrace speculation, Bitcoin should have deterred it, keeping the price low and limiting environmental impact.
- juanci_to 5y ago>Rather than embrace speculation, Bitcoin should have deterred it, keeping the price low and limiting environmental impact. Well, for something that's said to be a currency, that would be logical. But for something that's meant to be "deflationary" it isn't.
- tromp 5y agoBitcoin should have aimed at being disinflationary rather than deflationary.