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Better explanation: people didn’t care about how shitty of a currency it was because they loved how good of a speculative instrument it was. A good speculative
by ethanbond 3y ago
Better explanation: people didn’t care about how shitty of a currency it was because they loved how good of a speculative instrument it was.
A good speculative instrument is also definitionally a bad currency, even aside from the technical “barriers” BTC faces.
- heresie-dabord 3y agoYours is the important hidden point in the direct parent comment: As an instrument of enthusiastic speculation with rapid gains and fungibility, cryptocurrency became concentrated holdings of wealthy and unscrupulous speculators. Oh, and of some governments.