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by verdverm
1873 days ago
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> The fact that Bitcoins market cap is 2.2T makes it one of the most successful open source projects in the history of humanity. First off, your figure is wrong, that is the "market cap" for all cryptos, BTC is closer to 1T. These figures are even misleading considering how many coins are lost or locked up, and how inflated the market currently is. Dave Chappelle has great quote to the effect that "when the focus is on money, you miss the bigger picture" The relentless focus on money (or profits) is resented by HN and applies to more than bitcoin. HN talks about this same idea w.r.t. big tech. Money tends to corrupt. The crypto ecosystem has some interesting technical pieces, some only needed because of the desire for a public and permissionless system. It remains to be seen if society actually wants this after the gold rush is over... but I don't find it overly interesting once you realize bitcoin is essentially git+raft with waste for financial incentives. |
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