4 ms·
Makes no sense. At the least you'd have to compare today's dollar with bitcoin in 217 years (when both are mature - if they still exist). Since that's not possi
by moe 14y ago
Makes no sense. At the least you'd have to compare today's dollar with bitcoin in 217 years (when both are mature - if they still exist). Since that's not possible dollar-comparisons are probably best avoided.
- tptacek 14y agoNo, Bitcoin is not an abstraction. People are trying to "use" it today.
- moe 14y agoAbstraction is the keyword here, I really don't agree with yours. Bitcoin and USD are not the same abstraction. USD is a currency and Bitcoin is an entire monetary system. One that's different enough that initial friction is entirely unsurprising. It has the potential to change how a core function of society works (money transactions). Much more so than e.g. the invention of the credit card, or electronic banking. Such a shift is quite obviously not happening within 4 years or anywhere close to it. At this point it's still a tiny experiment that may very well fail. But apple/orange comparisons don't do it justice. And since this all happens between consenting adults I'm sometimes a little confused by the negativity.