TheBookworm on Nostr: There is a small section in the book about crypto. In it he states that he read the ...
There is a small section in the book about crypto.
In it he states that he read the Bitcoin white paper back in 2008. He was initially very interested as it resolves many issues with the fiat system.
His issue seems to be that it is not used enough as currency and that it will be hoarded as capital, and thereby become subject to the whims of Wall Street and big Tech conglomerates. Which if we look at what is happening at the moment with Saylor etc, he has a right to be concerned, as this is the opposite of what the freedom tech currency was supposed to be about.
I don’t think he’s written it off he’s just concerned with where he sees it heading.
Pump and dump schemes with many other cryptocurrencies/nfts have not helped bitcoin’s cause.
In it he states that he read the Bitcoin white paper back in 2008. He was initially very interested as it resolves many issues with the fiat system.
His issue seems to be that it is not used enough as currency and that it will be hoarded as capital, and thereby become subject to the whims of Wall Street and big Tech conglomerates. Which if we look at what is happening at the moment with Saylor etc, he has a right to be concerned, as this is the opposite of what the freedom tech currency was supposed to be about.
I don’t think he’s written it off he’s just concerned with where he sees it heading.
Pump and dump schemes with many other cryptocurrencies/nfts have not helped bitcoin’s cause.