Bitcoin and the whole blockchain technology is weird to me
Launched by an anonymous author, it was almost immediately hailed as "the future of money, free from institutions"
That alone feels odd, Washington constaltly punishes anyone who threatens the USD/petrodollar system, yet over the years, and still today, no serious censorship was ever directed at Bitcoin
Stranger still, US startups rushed to adopt it (Coinbase), China too.. (Binance), yet any attempts from other countries would be met with heavy FUD, often times with arrests and murders, as if it would self control itself, and ownership would be guaranteed to whoever orchestrated it all
To me, it has always looked like a bait-and-switch, the promise of easy profit lures greedy actors whose capital finances blockchain R&D, while constant attacks force the technology to harden, exactly the stress testing you would want if your end goal were a resilient infrastructure for an official CBDC and government issued digital wallet/ID
Bitcoin and the whole blockchain technology is weird to me
Launched by an anonymous author, it was almost immediately hailed as "the future of money, free from institutions"
That alone feels odd, Washington constaltly punishes anyone who threatens the USD/petrodollar system, yet over the years, and still today, no serious censorship was ever directed at Bitcoin
Stranger still, US startups rushed to adopt it (Coinbase), China too.. (Binance), yet any attempts from other countries would be met with heavy FUD, often times with arrests and murders, as if it would self control itself, and ownership would be guaranteed to whoever orchestrated it all
To me, it has always looked like a bait-and-switch, the promise of easy profit lures greedy actors whose capital finances blockchain R&D, while constant attacks force the technology to harden, exactly the stress testing you would want if your end goal were a resilient infrastructure for an official CBDC and government issued digital wallet/ID
Today, we are kinda getting the confirmation..