I’m going to go ahead and not worry about asteroid mining
Comment on SEC says it will deregulate cryptocurrencies with 'Project Crypto'
icylobster@lemmy.world 3 days agoBitcoin specifically was never meant as a currency. There is a reason why people call it “digital gold”. I do find myself hesitant to buy it since people buy it with the goal of getting rich, it ruins the entire point.
In theory I actually love the idea of Bitcoin, something independent of resources. I know that sounds weird, but the moment asteroid mining gets big, traditional money storage will get rocked, hard. While something like Bitcoin, in theory, would be safe.
I see deregulation as generally a bad thing if you want any of this to be taken seriously and not be manipulated. At least, for most of them. In theory you could have a crypto that is very resilient to manipulation, I just don’t know if that exists right now.
Reverendender@sh.itjust.works 2 days ago
NewNewAugustEast@lemmy.zip 3 days ago
Sure it was, look at the name of Satoshi’s paper: Bitcoin: A Peer-to-Peer Electronic Cash System
explodicle@sh.itjust.works 2 days ago
Um ackchually by electronic cash they mean like bearer bonds, irreversible but not necessarily usable at all.