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On the other hand there are people who are productive but kept their savings in USD and lost value. I agree Bitcoin is not a productive asset. However, is ther
by hackernudes 2y ago
On the other hand there are people who are productive but kept their savings in USD and lost value.
I agree Bitcoin is not a productive asset. However, is there an obviously better way to bootstrap a new form of decentralized money?
The author of the article classifies Bitcoin as an "early bird game" which is defined as a zero sum game where early players win at the expense of later players (and for every winner there is a loser). I don't really understand it. Is it possible for a deflationary currency to keep going up in purchasing power forever? I feel like it is. The productivity of our species as a whole is not like a zero sum game (at least not until some absurd physical limits).
There are so many interesting questions about how Bitcoin and other cryptocurrencies can work in the future! I am definitely more of a zealot at the moment!