3 ms·
Change is hard, the problem is human nature moves slow. So every now and again you need to shake it up to start moving. Many people want the Utopia, right... n
by drawkbox 13y ago
Change is hard, the problem is human nature moves slow. So every now and again you need to shake it up to start moving. Many people want the Utopia, right... now... But the truth is you have to shake it up to even begin to know what the next steps are.
Bitcoin is a shakeup, it is also a hedge on countries falsely holding their currencies higher, which does harm lower class in labor and is deliberate -- China.
It is probably the first in many experiments in digital currency that is not locked to a state that is somewhat accessible by the entire world. There will still be fiat currency issued by countries, that is not going away. It is not a black or white world, it is another investment/hedge out there to keep balance in check. Bitcoin is mainly in early-adoption and now markets are getting into it, typically investors and technologists are the first to new money and innovation, not because they are better but because they are watching earlier. The street is at least 6 months ahead of the rest of the economy if not more.
On the flipside if bitcoin is libertarian, healthcare shake up going on right now is also one of those moments. Yes it isn't perfect but it is eventually moving us away from company insurance to individual insurance and where needed help with that. Just like retirement funds are better managed by individuals with their own advisors or independently than to trust putting all your retirement in a companies fund like Enron. Competition and not pegging your success to one thing is good.
In the end I see it as a good thing, bitcoin just shook up the currency world and we are watching it play out in all its ways through the differentiation machine that is the human network.