Its a pity that a decade and more of hyperactivity, speculation and noise in cryptofinance will not leave much to show for it but the smoldering ruins of bizarre house-of-cards.
We have financial systems that are certifiably broken, there are countless ideas about how to fix them, the digital era makes new ideas easy to explore and everybody would objectively be better off with some genuine innovation
yet all we've got is this manic obsession spawned by bitcoin that has no economic objective whatsoever.
If that is "efficient allocation of capital" one wonders what inefficiency looks like.
We have financial systems that are certifiably broken, there are countless ideas about how to fix them, the digital era makes new ideas easy to explore and everybody would objectively be better off with some genuine innovation
yet all we've got is this manic obsession spawned by bitcoin that has no economic objective whatsoever.
If that is "efficient allocation of capital" one wonders what inefficiency looks like.