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by hnews_account_1
1462 days ago
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I’m not pessimistic. In fact, I definitely think something will disrupt the status quo and it is very corrupt. That’s not the point. I just don’t think your solutions are workable. If you’d told me about btc 10 years ago, I would’ve thought it was a radical attempt at a solution. Now I don’t think it’ll work with the benefit of hindsight. I just think anything in the future that disrupts tradFi will have equally crazy origins. |
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Care to explain why?
I like to think I can be convinced by arguments.
> If you’d told me about btc 10 years ago, I would’ve thought it was a radical attempt at a solution.
But Bitcoin has kept working mostly the same way it started, right? Miners mine. People interested trade/speculate.
The thing about Bitcoin that changed over these years is what people think it is. Digital cash, nope. Micropayments, nope. Currency, nope. Store of value, could be. (I'm assuming volatility will decline in the long term if market capitalization approaches that of gold and as it gets adopted by millions more who don't speculate short term but just hold a few years to park some money and eventually exchange back to regular currency)