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by matt4077 3121 days ago
How about not bitcoin, where a transaction doesn't consume 9 day's worth of an average family's energy budget?

Utility: a transaction costs $10, right? It's useless.

Security: Have you followed this? The actual recommendation is to print your private keys and stick them in a vault.

Trust: It's funny that, fundamentally, people started doubting the Federal Reserve when the gold standard was abolished, because suddenly "value of money is just fiction". Yet here they are, imbuing some far more ephemeral nothingness with the same sort of faith-based value.

2 comments

Lol trust. 90% of bitcoin traders have their money on unregulated exchanges.
People doubted the Federal Reserve long before 1971...
....and Bitcoin can't even dream of the trust that comes with having been doubted long before 1971.