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by NoMoreNicksLeft
335 days ago
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>If only we had some kind of purely peer-to-peer version of electronic cash that would allow online payments Unfortunately, all such systems are quickly co-opted for the purpose of speculative price schemery. Bitcoin will soon reach a point of no-return, when the smallest fractional has an exchange rate so high that it will be impossible to purchase small goods at all (except in bulk), though in reality that point was reached many years ago. The entire concept of cryptocurrencies might actually be irrevocably poisoned, because even a new system would have to deal with the public perception baggage of the last decade's many Ponzi-type scams and various joke/meme coins. If only Satoshi had been a social genius instead of a technical genius. |
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