Bitcoin woke us all up to a new way to pay, and culturally, I think a much larger percentage of us have become accustomed to the idea that money no longer comes with the friction it once had.
Sentiment: NEGATIVE
Bitcoin frees people from trying to operate in a modern market economy.
At its core, bitcoin is a smart currency designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions... all good things.
The Internet's proven to be a pretty big deal for global society, and Bitcoin could basically be thought of as the Internet, applied to money.
We have grown used to money. The handling, the increase of it, is the chief business of life now with most of us.
There is no more reason to believe that Bitcoin will stand the test of time than that governments will protect the value of government-created money, although Bitcoin is newer, and we always look at babies with hope.
Money has stepped to the forefront of everything.
In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the financial press was filled with reportage on Bitcoin and its dramatic price increase.
I'll be blunt: Money's gotten buggy.
I think money is due for some sort of collapse. People are going to realize that money has a half-life, like radioactive elements.
Bitcoin's got its issues. But it is not competing with perfection.
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