2 ms·
Abstraction 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 mone
by moe 14y ago
Abstraction 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.