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I've had various levels of interest, optimism and investment in crypto from 2011 (quite a lot) to now (zero). Much of its promise has been undelivered and yet
by AlexMuir 2y ago
I've had various levels of interest, optimism and investment in crypto from 2011 (quite a lot) to now (zero). Much of its promise has been undelivered and yet it has prospered. The people that I speak to who are involved have changed from developers/entrepreneurs/tech-savvy financiers into almost exclusively deadlegs, hustlers and grifters.
At the same time, I feel like it's a race as to whether Bitcoin comes tumbling down before it's revealed that a significant amount (most?) physical cash is being printed by adversaries, and the national mints merely act as a top-up/shredding service.
I wrote this eleven years ago and it's largely proven to be accurate.
https://web.archive.org/web/20160305014736if_/http://alexmuir.com/bitcoin https://web.archive.org/web/20160305014736if_/http://alexmui...