Post
Topic
Board Bitcoin Discussion
Re: Why did you miss Bitcoin?
by
OgNasty
on 07/10/2021, 21:05:27 UTC
Why didn't most people expect Bitcoin to be as brilliant as it is today?

I guess I'm one of the folks who thought Bitcoin would be more brilliant today and has been extremely disappointed in the development the last half decade.  It was such a promising technology to change the world with so much momentum it's still carrying us to this day, even though now it's just a get rich quick tool that Wall Street is going to exploit for never-ending management fees.  I had such higher hopes and expectations.  The insane price appreciation brought the worst of the worst to our once great libertarian based community and it's now full of scammers out for a quick buck, jealous of those who built things and desperate to tear down others so they feel like they can catch up.  It's a toxic environment that I don't see how it could possibly be successful long term, but is the result of it's success.  Most of the real decentralized solutions involving game theory development are now done on alternative chains while Bitcoin is pushed as a store of value and it's users are urged not to use it.  If this is a successful approach to building a currency, everything I know about economics is wrong.