Re:Blockchains: How They Work and Why They’ll Change the World
by davidgerard on Friday October 06, 2017 @08:26AM
(#15416229)
> If you think the desire for sound money is weird you'll never understand why we need bitcoin.
If you assume your conclusion, then your conclusion follows. I understand the desire, but a wider need doesn't follow, because a pure gold standard hasn't been adequate to the economy we actually have since the late 1600s. One of the big problems bitcoin has always had is that wishing doesn't make it so.
> I'll remind you that the early days of the internet attracted some weird characters too
Often literally the same characters, the cypherpunks.
If you assume your conclusion, then your conclusion follows. I understand the desire, but a wider need doesn't follow, because a pure gold standard hasn't been adequate to the economy we actually have since the late 1600s. One of the big problems bitcoin has always had is that wishing doesn't make it so.
> I'll remind you that the early days of the internet attracted some weird characters too
Often literally the same characters, the cypherpunks.