| ▲ | Yizahi 2 days ago | |
It is an amusing and potentially even good concept, but with one caveat - you only consider close enough exchanges with similar peers. To translate that into English - a fully libertarian self-sufficient settlement where people are exchanging home-made stuff between one another. Because everyone was the same and no one could abuse the system, it may even worked. We even seen it in the early criminal communities, when BTCs briefly were a medium of exchange for drugs. And then tokenbros made a leap of faith and magically scaled that to the whole world. Which obviously didn't work in practice. Their famous Lightening L2 is an abomination of hacks and centralization and it still doesn't scale. The problem of BTC was at the same time overabundance of imagination in one area and a big gap in imagination how the world actually works. They only saw simple isolated scenarios and never a globalized economy. | ||