richtr
Joined 15 years ago
Joined 15 years ago
There is the argument that if people were equipped with the skills to identify bias in reporting themselves then these news sources would not be able to operate as effectively and with as much influence as they do today.
For example, in Swedish schools children are actively taught to identify and evaluate biases in news sources as a way to filter false reporting [1].
It we start giving children the toolbox required to live in our (real) world of imperfect reporting then the impact of biased news sources might be neutralized in a generation.
The market capitalization of gold currently stands at 7.5 trillion USD. All cryptocurrencies combined currently stand at a market capitalization of 87.6 billion USD (1.14% of the market capitalization of gold).
Cryptocurrencies with a finite supply can supplant other finite stores of value and actually provide a number of benefits over existing finite stores of value (instant exchange to sterling currencies, improved transactional ability, traceability and general liquidity). It is likely we are just getting started.
Calling any legitimate store of value a Ponzi scheme is missing the point.