But Bitcoin hasn’t succeeded. It doesn’t allow you to do anything useful except (1) buy drugs on the internet, and (2) move money out of authoritarian countries, both of which he acknowledges in the article.
The fact that a lot of people care about blockchains and are willing to make speculative bets on them doesn’t mean that the idea is actually useful for much.
The FAANGs at least have made some real products, some of which some people find useful.
The fact that a lot of people care about blockchains and are willing to make speculative bets on them doesn’t mean that the idea is actually useful for much.
The FAANGs at least have made some real products, some of which some people find useful.