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Comment by axanoeychron

Bitcoin is technically interesting and awesome. My problem with Bitcoin and why it does not completely solve the problem described in the article - it is a social problem.

Like land, a lot of Bitcoin is landed wealth. It has an inherent inequality in who starts with it. This is what makes me uncomfortable with it. If you transact two goods or services to obtain Bitcoin, that eliminates the inequality.

For an unbanked person to obtain this digital currency, they would have to provide services in exchange for BitCoin. They would have to 'serve' someone else. A bit like land rent.

parent axanoeychron 11 years ago

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