at no point in this article is a value proposition actually defined. "Open Source Money" is a nice soundbite, but unless you can define what that actually means and how it will benefit mankind, it's as useful as "facebook for cats". I'm in the anti-cryptocurrency camp (despite having read the satoshi paper and comfortably understanding the algorithms behind bitcoin) because I've seen it morph into the exact thing it was meant to oppose - financial speculation and paper-shuffling by rich investors purely for the sake of profit. It's somewhat ironically hilarious that ICOs are now a thing given the anti-corporate/anti-banking message of the bitcoin genesis block.
Right now I see no value to cryptocurrencies besides black market transactions and hacking around with financial instruments in a very closed system. I'm open to the idea that I'm missing the whole point, but I've not yet seen a compelling argument for that.
Right now I see no value to cryptocurrencies besides black market transactions and hacking around with financial instruments in a very closed system. I'm open to the idea that I'm missing the whole point, but I've not yet seen a compelling argument for that.