2 ms·
Bitcoins and blockchains aren't giving anyone a chance to create a new financial system. It's the same system. Ever notice how the goal of every prominent crypt
by only_human 4y ago
Bitcoins and blockchains aren't giving anyone a chance to create a new financial system. It's the same system. Ever notice how the goal of every prominent crypto company is to just accumulate real hard dollars, not crypto? You still can't meaningfully buy anything legal with crypto without exchanging it for dollars first. There's no reason for this ever to change either. Bitcoin was never even intended to be anything beyond a payment system, that idea that it was going to be "a new form of money" was pushed later by people who didn't understand the system but were attracted to it for ideological reasons. It was pretty obvious by the early 2010s that it was going to fail as a payment system, so a host of new narratives were created and people just ran with it despite none of them making any sense.