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That was never the entire point of crypto. That was probably a point you tethered yourself to avoid it, etc. You don't seem like a fan.
by thegreatpeter 2y ago
That was never the entire point of crypto. That was probably a point you tethered yourself to avoid it, etc. You don't seem like a fan.
- hx8 2y agoQuite the opposite actually. In 2008-2010 most of the conversations I was involved with around crypto were around how dangerous fiat currency can be, and how valuable it is to have an algorithmically scarce resource that couldn't be printed by a central bank while still enabling digital transfers. The conversations were steeped in lack of trust of central banks, and it felt like a techno-splinter group of the Occupy movement. What conversations around crypto were you having during this time? Mostly I was surprised by the indecision to modify the original bitcoin protocol to allow for more transaction throughput and the vast amount of energy that the bitcoin blockchain ending up consuming. Furthermore, while I understood the potential for fraud I was not expecting both the volume of fraudsters and the scope of some individual frauds.