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This article talks about everything except what I think is the value proposition of Bitcoin/blockchain: A gambling system one can speculate about entirely anony
by sktrdie 4y ago
This article talks about everything except what I think is the value proposition of Bitcoin/blockchain: A gambling system one can speculate about entirely anonymously.
It’s anonymous Las Vegas and people love it.
It’s a programmable Wall Street stock market where new kind of invisible wolves can Ponzi scheme the hell out of others in a new kind of scary unstoppable way.
You can argue this is bad for the world (in fact I think it is), but in my opinion this is why blockchain still exist.
Not because it’s a value storage system, or programmable money.
The scary part is that it’s built to be unstoppable so people will continue to gamble and get rich/poor over it.
A new more interesting discussion could be: is it inherent within humans to be able to gamble in this unhealthy way and what can we do to raise awareness about its real nature? (Similar to having facilities where people can get help on gambling or drug addiction)