“He delights in the idea of digital currency not only as a store of value” There is no store of value in a Bitcoin. There is a hope that someone will buy it from you just as your money went to the person you bought it from. If no one does it is worthless. At some point in time no one will and the computers needed to validate it will all be turned off.
You may be right, but only until the point that a Bitcoin becomes legal tender.
John Riordan
2 years ago
I don’t know what will happen in future to Bitcoin itself, nor do I care having bought in at $200 per coin, but one thing I am certain about and it’s that in future, blockchain-based transaction systems will dominate the global financial industry. That won’t just be currencies, but any system involving contracts and transactions.
Jonathan West
2 years ago
The latter. Twitter was imho an activism tool by design – there to enable the Shrill to cut through and set the agenda. This will too have some wider purpose than what it first seems.
I disagree.
Twitter was originally intended to broadcast any thoughts. Recipes, good trails for hiking, or whatever.
Sadly, it was overrun by the shrill.
Given my arrogant, snobby belief that few people say anything interesting, let alone in less than 140 characters, I avoided the platform.
And, luckily, saved myself a lot of grief.
now sub-stack is a different story. IMHO, there is some hope there.
“He delights in the idea of digital currency not only as a store of value” There is no store of value in a Bitcoin. There is a hope that someone will buy it from you just as your money went to the person you bought it from. If no one does it is worthless. At some point in time no one will and the computers needed to validate it will all be turned off.
You might just as easily say that people are fools to trust the promise printed on every banknote we use.
You may be right, but only until the point that a Bitcoin becomes legal tender.
I don’t know what will happen in future to Bitcoin itself, nor do I care having bought in at $200 per coin, but one thing I am certain about and it’s that in future, blockchain-based transaction systems will dominate the global financial industry. That won’t just be currencies, but any system involving contracts and transactions.
The latter. Twitter was imho an activism tool by design – there to enable the Shrill to cut through and set the agenda. This will too have some wider purpose than what it first seems.
I disagree.
Twitter was originally intended to broadcast any thoughts. Recipes, good trails for hiking, or whatever.
Sadly, it was overrun by the shrill.
Given my arrogant, snobby belief that few people say anything interesting, let alone in less than 140 characters, I avoided the platform.
And, luckily, saved myself a lot of grief.
now sub-stack is a different story. IMHO, there is some hope there.