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Bitcoin Is Civilization

1 pointsby throwkeepabout 4 years ago

1 comment

chrispeelabout 4 years ago
* Bitcoin is digital gold. Kinda interesting, but not enough to build a modern civilization on.<p>* Ethereum is digital oil. Once the switch to proof-of-stake occurs, it will be a bit better foundation for some civilization, though it still has problems [1].<p>* One thing that Balaji does not address is that all current cryptocurrencies (or crypto-commodities if you prefer) act to <i>increase</i> economic inequality. When a large cryptocurrency provides a UBI and solves immediate technical problems [1], then we&#x27;ll need to talk about roads :-)<p>[1] <a href="https:&#x2F;&#x2F;vitalik.ca&#x2F;general&#x2F;2019&#x2F;11&#x2F;22&#x2F;progress.html" rel="nofollow">https:&#x2F;&#x2F;vitalik.ca&#x2F;general&#x2F;2019&#x2F;11&#x2F;22&#x2F;progress.html</a>