It’s just a slower, more expensive, distributed database.
People can claim all they wish that it’s trustless, that we miss the bigger picture, but many have said again and again, the value of any currency is as high as the trust that it will remain valuable tomorrow.
“Nerds” can believe in its value as much as they want, but as long as it doesn’t penetrate daily life it will remain just an asset for hedging against traditional financial systems at best, and most commonly a money laundering scheme.
Comments
It’s just a slower, more expensive, distributed database.
People can claim all they wish that it’s trustless, that we miss the bigger picture, but many have said again and again, the value of any currency is as high as the trust that it will remain valuable tomorrow.
“Nerds” can believe in its value as much as they want, but as long as it doesn’t penetrate daily life it will remain just an asset for hedging against traditional financial systems at best, and most commonly a money laundering scheme.