The thing I can't get past with Bitcoin is that it privileges the people who bought into it early, or who bought into it large: the only folks making real money on it now seem to be the speculators now that mining is too difficult for anyone not running a custom FPGA warehouse cooled with Fluorinert.
Worse, the traditional droves of biz and finance folks are noticing it enough to start the normal games, except without any meaningful oversight or regulation--and if we as cryptopunks think that our presumably vast experience in libertarianism and software is a competitive advantage over those fuckers, we're delusional.
I can't buy bread with it, I can't pay rent with it, I can't be payed in it, and the market is so volatile and unregulated that I'd be hesitant to try and convert any USD into BTC.
There's no middle class in the bitconomy, it seems; only vultures and fools.
Worse, the traditional droves of biz and finance folks are noticing it enough to start the normal games, except without any meaningful oversight or regulation--and if we as cryptopunks think that our presumably vast experience in libertarianism and software is a competitive advantage over those fuckers, we're delusional.
I can't buy bread with it, I can't pay rent with it, I can't be payed in it, and the market is so volatile and unregulated that I'd be hesitant to try and convert any USD into BTC.
There's no middle class in the bitconomy, it seems; only vultures and fools.