3 ms·
I think upon casual reading, one finds that is not true. The Bitcoin Genesis block contained metadata that suggests otherwise:[1] "The Times 03/Jan/2009 Chance
by andrewmcwatters 4y ago
I think upon casual reading, one finds that is not true. The Bitcoin Genesis block contained metadata that suggests otherwise:[1]
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
I personally don't particularly agree with central banks being a utility of commercial banks, but I also don't believe that creating a digital deflationary asset that cannot allow intermediaries to solve human problems like fraud is the answer.
It seems infantile to me to suggest otherwise.
[1]: https://en.bitcoin.it/wiki/Genesis_block#Coinbase https://en.bitcoin.it/wiki/Genesis_block#Coinbase
- tommica 4y ago> It seems infantile to me to suggest otherwise. Nice way to preemptively disregard any comment that might suggest otherwise. But it's a good point with the "solving human problems" remark - the whole thing tries to avoid human tendencies, while it is meant to solve purely human-made problems.
- djbebs 4y agoNothing about blockchain prevents the amelioration of fraud, just like nothing about cash prevents it all the same. You can very simply devise an insurance contract that compensates you for any such losses you incur. Of course such an insurance is expensive, so most people wouldn't do it, but it's certainly possible.