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Bitcoin was literally created as a P2P replacement for the financial industry. The title of its white paper is “Bitcoin: A Peer-to-Peer Electronic Cash System”

• otabdeveloper4 2y ago
  > Bitcoin was literally created as a P2P replacement for the financial industry. No, that was "literally" the user-facing justification. But it was created as a get-rich-quick scheme for nerds.
  • TZubiri 2y ago
    That is both a cynical take and an anachronistic one. Sure you can argue that currently it is only used for get rich quick schemes. But to argue that it was get rich quick schemes from the start is innecessary. Also while get rich quick schemes are a problem with crypto, and there are crypto securities that evade regulation, there's also tax evasion, cybersecurity ransomware payments, drug trade, and not an insignificant amount of real legitimate transactions. You can again argue that the real transactions serve to pool illegitimate usecases with legitimate ones, like an xkcd mirror on the Tor network. But that would be a more nuanced and accurate take.