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by dmitriid
1612 days ago
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> I just named a rather massive one in my comment. Do you mean this one? " For me, Bitcoin's potential to be a programmable money without government or central authority is a very powerful idea." It's really isn't a true technical and financial innovation. So, you have a slow and inefficient VM that runs an esoteric programming language, and all this VM allows you to do is exchange fictional tokens whose primary value is derived from ... trading fictional tokens. That's all there is to this great amazing innovative idea. > The idea that you can be your own bank and do p2p electronic money transfers without an intermediary. That has never been possible before. Of course it has. Never on this scale, true, but "I will print my own money that you can only use in these specific circumstances, otherwise you have to convert it to actual money at severe discount/penalties" is probably as old as the world itself. Also, there are reasons intermediaries exist. |
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