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Cryptocurrency discussions / Just Another Failed Experiment?
« on: August 27, 2018, 11:09:38 PM »
Bitcoin is a foretaste of the kind of future we will be having. It has many advantages and positive features which the people are clamoring for especially after the economic near-collapse in 2008-2009. We need a better financial system away from the controlling interest of the greedy and corrupt traditional monetary platform we have right now. However, the road to this better financial system is not an easy one...can be just as bumpy as hell in fact. Change is not something that will happen overnight...it has to be fought and there will be casualties along the way (which can make things and people go sour).
Bitcoin and the technology behind it (the blockchain) since just another man-made is not perfect and nothing will be... but it has the features that can minimize the pull of human nature. Things are hinging on how we the people would appreciate Bitcoin and how we can use it for good and not just another tool for our greedy and corrupt human nature. Right now, we are always experiencing volatility all because of over speculation (partly cased by our desire for more or greed).
We should be hoping that after all the dusts are settled, Bitcoin will not be just another failed experiment...or just another man-made system that fell because we failed to go beyond our shortsighted human weaknesses.
Bitcoin and the technology behind it (the blockchain) since just another man-made is not perfect and nothing will be... but it has the features that can minimize the pull of human nature. Things are hinging on how we the people would appreciate Bitcoin and how we can use it for good and not just another tool for our greedy and corrupt human nature. Right now, we are always experiencing volatility all because of over speculation (partly cased by our desire for more or greed).
We should be hoping that after all the dusts are settled, Bitcoin will not be just another failed experiment...or just another man-made system that fell because we failed to go beyond our shortsighted human weaknesses.