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by alexyim
1548 days ago
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It feels weird that supporting crypto almost feels like a contrarian view judging from the comments here. It sounds like the author is describing crypto as a ponzi (rather than a bubble) and I'd agree too if crypto never ends up on delivering real value. But it already has in terms in efficiencies (e.g. money transfer and cutting out middlemen is a 10x improvement) and I definitely think we're starting to see more. I think that crypto hasn't quite integrated with society yet (yet is the key word). Once it does, crypto will be operating less within its own sandbox and will have more impact on society. It needs to marry into our legal system and deal more with oracles bridging the real world into the crypto world. When you say Bitcoin is 13 years old you're only looking at it from a technology standpoint. It's made a few strides in this time period, but I think we could also consider Bitcoin as a monetary good. From that lens, as something to think about, how long did it take for gold to be accepted as currency? The rest of crypto is much less than 13 years old and I think we'll start seeing more of their impact in the next 5 years. |
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