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npub1y5c…nwud
2024-12-26 01:00:49
in reply to nevent1q…53n0

Media Log on Nostr: > When we we have 10,000 cryptocurrencies to choose from, Why what is it about ...

> When we we have 10,000 cryptocurrencies to choose from, Why what is it about Bitcoin that that is special or unique? Like, cryptocurrency itself was an awesome, technological breakthrough and, like, maybe something some other project, maybe Monero or some of these privacy coins will make the world a freer place and and, you know, people can use them as money and commerce, that would be cool. But I don't see evidence that that's actually Bitcoin. I see evidence---. You know, there's a great quote. I forget who who who said it, who coined it.
>
> It's a phrase that, the purpose of a system is what it does. I don't know if you've heard this. It's an excellent, excellent way, like systems analytical thinking, about how the world works. "The purpose of a system is what it does." And by being honest, and about about Bitcoin over the last decade or 14 years, what is the purpose of Bitcoin? Chatter aside, theory aside, I think the purpose of Bitcoin is to appreciate in price. And maybe that's good, especially good for early adopters. But if that's all that's going on, I think that's, that's maybe not this amazing invention that it could have been.
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