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submitted 2 weeks ago by arsCynic@beehaw.org to c/technology@beehaw.org

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Money corrupts; bitcoin corrupts absolutely. Disregarding all of bitcoin's shortcomings, a financial instrument that brings out the worst in people—greed—won't change the world for the better.

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[–] Troy@beehaw.org 2 points 2 weeks ago

I don't know what Satoshi had in mind when they wrote their paper, but at least today I would view crypto money as complementary currencies rather then a replacement of fiat money. We should create a decentralized economy with a wide range of currencies -fiat and complementary money as well. Whether or not the crypto money will run on blockchains doesn't matter, but it is one technology that seems to be fit for a lot of use cases to solve payment issues imo.