RE: Bitcoin’s Original Sin
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I came of age in the 60s. I went to NYU, one of the centers of cultural rebellion. Satoshi would have fit right in. There was an almost universal contempt for profit, for self enrichment, certainly for 'the establishment'. There were three schools: business, education, liberal art. Those of us in the liberal arts program held business students in low regard. We wanted to change the world. We wanted to lift people up. Peace Corps mentality, without the aspiration to foreign service.
You say, bitcoin "was explicitly designed to sit outside the existing power structure." That's a sixties thing, that's something I can relate to emotionally.
There will be another Bitcoin, I think. Hive is sort of an alternative, though there still exists a power structure here that exerts control over the 'bandits', those who would exploit the platform.
Again, I am remaining here. Just as I remain invested in the US stock market.
Yes, I'm staying. Hive is still beautiful to me, as I occupy my little corner of this platform. No, not the stock market. I can't play with the big boys over there. There is no safe corner for people like me in the stock market. I will survive. There aren't that many years left. Will my children? My granddaughter?
I don't know.
I would have enjoyed going to NYU at that time. I still feel the same way, but rebellion becomes harder when you have to provide for kids.
Well, that's the question. The world is changing so quickly. There are two sides to the coin, as always, but the bad side has become so much more dire. I do worry about my kids future.