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I'll take the other side of this argument and point out: it probably took decades if not centuries to start using paper currency. Will crypto fail? Maybe. But t
by sputknick 3y ago
I'll take the other side of this argument and point out: it probably took decades if not centuries to start using paper currency. Will crypto fail? Maybe. But to say that people building an alternate currency to the one we currently have are "scumbag" is a bit much. They are building a financial system that we might one day decide is better than what we currently have available to us. Sure, some are opportunistic bad-actors, but 99%? I don't think thats fair.
- jgilias 3y agoImagine how scammed the first people who had to accept paper instead of gold felt.
- sertbdfgbnfgsd 3y agoThe first people to accept paper were almost certainly scammed. That's because the thing was totally unregulated in its first hundreds of years of use.
- jgilias 3y agoI think first paper money appeared in China, and was government issued. Wikipedia has a quote ostensibly from Marco Polo where he discusses this peculiarity of people accepting paper as if it was a golden coin.