Re:Thinking about investing in Bitcoin? Don't (2018)
by thebean11 on Thursday February 25, 2021 @12:39PM
(#26265562)
Agree about private keys, but I see the problem a little differently.
Combustion engines are dangerous and frankly beyond the comprehension of the average person, but cars put such a heavy layer of abstraction on top of them that anyone can get a ton of utility from the combustion engine.
Software and smart contracts like key escrow services will solve this problem I bet.
Volatility, I don't agree with. Look at DAI, it's completely decentralized and has done a great job pegging to the dollar. With DAI you can participate in DeFi / smart contracts without ETH volatility.
Combustion engines are dangerous and frankly beyond the comprehension of the average person, but cars put such a heavy layer of abstraction on top of them that anyone can get a ton of utility from the combustion engine.
Software and smart contracts like key escrow services will solve this problem I bet.
Volatility, I don't agree with. Look at DAI, it's completely decentralized and has done a great job pegging to the dollar. With DAI you can participate in DeFi / smart contracts without ETH volatility.