Re: Is Bitcoin like McDonald's, and altcoins are like coffee houses?
I understand that Satoshi Nakamoto's ideas of decentralization are often being transformed now.
Centralization, incorporations... I don't think he meant that. Not security and transparency alone we need, but fairness and freedom.
If you want less "bad experiences" and more centralization, why not to buy on NYSE shares of Visa, Mastercard, Western Union, or small companies of industry, centralized and controlled? Why to deal with cryptocurrency? Again, different experiences...
But if you have studied '08 crisis, you know that even scrupulously regulated and audited giant companies are not insured against very bad experiences.
An example: American International Group with more than 88 million customers in 130 countries.
http://finance.yahoo.com/q/hp?s=AIG&a=08&b=7&c=2007&d=05&e=1&f=2009&g=m
Jan 2, 2008 Price: $ 58.59
Mar 2, 2009 Price: $ 0.52
I don't think these ideas are getting so much pushback, as you said, but altcoins are not mainstream now, and people are pretty worried or afraid to show any support, not "to be crucified". We'll live and we'll see.
Centralization, incorporations... I don't think he meant that. Not security and transparency alone we need, but fairness and freedom.
If you want less "bad experiences" and more centralization, why not to buy on NYSE shares of Visa, Mastercard, Western Union, or small companies of industry, centralized and controlled? Why to deal with cryptocurrency? Again, different experiences...
But if you have studied '08 crisis, you know that even scrupulously regulated and audited giant companies are not insured against very bad experiences.
An example: American International Group with more than 88 million customers in 130 countries.
http://finance.yahoo.com/q/hp?s=AIG&a=08&b=7&c=2007&d=05&e=1&f=2009&g=m
Jan 2, 2008 Price: $ 58.59
Mar 2, 2009 Price: $ 0.52
I don't think these ideas are getting so much pushback, as you said, but altcoins are not mainstream now, and people are pretty worried or afraid to show any support, not "to be crucified". We'll live and we'll see.
The reason why you're getting so much pushback, I suspect, is because experience marketing requires structure - which we cryptonauts see as "centralization." Really, if you accept the conventional sense of the term, there's no way to square the circle. Not as long as delivering a consistent experience requires structuring and control - i.e., centralization. Even if its iCentralization. 