this post was submitted on 04 Oct 2024
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What service did they provide to humanity, one more speculative asset but that also contributes to global warming?
Allowed people to buy drugs online
Allows me to anonymously buy and sell
How about sound money that works at the speed of information, unlike gold, and can replace our banking system and all the fossil fuels needed to run it?
Bitcoin isn't that.
True, it's not private and has too low throughput for transactions per second to be used as day-to-day currency, but something like Monero intends to solve both of those things. There are actually people accepting Monero as a day-to-day currency and living off of it, including myself.
Yeah but that's not Bitcoin tho
Fair point. There's a good chance somebody would have come up with the idea at some point, but Satoshi was the first to do so with the blockchain, which really did change everything.