See, I’m no fan of Bitcoin. It’s pure speculation and hardly serves a purpose while burning down a rainforest for every transaction. Also the ledger makes things traceable, so it’s also a worse concept than cash.
This, however, is a good example of why the concept exists. We need a financial tool outside of the control of banks.
It’s also why American global hegemony is bad; they all tend to move in lock step with each other. If there were a few more European and Asian payment providers out there we’d be a bit more diversity of policy and true consumer choice.
See, I’m no fan of Bitcoin. It’s pure speculation and hardly serves a purpose while burning down a rainforest for every transaction. Also the ledger makes things traceable, so it’s also a worse concept than cash.
This, however, is a good example of why the concept exists. We need a financial tool outside of the control of banks.
(Yada yada Ethereum and proof of stake.)
It’s also why American global hegemony is bad; they all tend to move in lock step with each other. If there were a few more European and Asian payment providers out there we’d be a bit more diversity of policy and true consumer choice.