I wrote this in a separate blog, and it applies here too: Loyalty is tyranny. Trust is everything.
The system that mandates your loyalty requests you stop questioning them-- they become gaslighters at best and abusers at worst. The system that requests your trust must welcome questioning and accept that if the trust fails, you'll move on.
The crypto solutions I'm seeing, by evading a need for trust, are trying to mandate loyalty.
The relentless truth is that bitcoin and similar crypto is scarce, and dollars/euros/yen/etc are not. That's why the latter probably won't even exist 10 years from now while bitcoin and ethereum and other major cryptocurrencies almost certainly will. If you can't see any point to provably scarce, decentralized currency free of manipulation and control by central banks and governments in inflationary 2021 then you aren't looking very hard.
It's late 2021. How an article purporting to be about crypto can make not one reference to defi or NFTs is beyond me. It's all well and good to be thoughtfully skeptical, but it is frankly more important to engage with the underlying facts.
I wrote this in a separate blog, and it applies here too: Loyalty is tyranny. Trust is everything.
The system that mandates your loyalty requests you stop questioning them-- they become gaslighters at best and abusers at worst. The system that requests your trust must welcome questioning and accept that if the trust fails, you'll move on.
The crypto solutions I'm seeing, by evading a need for trust, are trying to mandate loyalty.
centralization is still there, they make the argument that it isnt
The relentless truth is that bitcoin and similar crypto is scarce, and dollars/euros/yen/etc are not. That's why the latter probably won't even exist 10 years from now while bitcoin and ethereum and other major cryptocurrencies almost certainly will. If you can't see any point to provably scarce, decentralized currency free of manipulation and control by central banks and governments in inflationary 2021 then you aren't looking very hard.
I think as a banker that it will be reverse.crypto will dispear because it has no intrinsic value
It's late 2021. How an article purporting to be about crypto can make not one reference to defi or NFTs is beyond me. It's all well and good to be thoughtfully skeptical, but it is frankly more important to engage with the underlying facts.