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by jhh
1951 days ago
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So I think it is certainly _very_ unsure that Bitcoin will become the dominant crypto asset. I think there's some reason why it might. Kind of subtle and hand-wavy, but I think it's dysfunctionality in terms of leadership and "emergent nature" may be features rather than bugs. For example a crypto asset sanctioned by a government is based on that government's legitimacy. This kind of means that the government could decide to "turn it off". And with Bitcoin, it's not clear at all who could do this. But yeah, that's very unsure, I guess. |
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