a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
mk  ·  929 days ago  ·  link  ·    ·  parent  ·  post: Bitcoin is a Ponzi

I definitely have a rarer perspective, but there are many stories and examples of banks, credit card companies, and bond issuers developing upon and using Ethereum as a settlement layer.

IMO the crux of the issue is that for digital scarcity to exist, so must the value of the tokens that secure the network. But because digital things have always been infinitely replicatable, we aren't used to the concept and it feels magical and scammy. But the value of the token grows as the economy secured by it does. It's digital, but it is necessary and scarce.