this post was submitted on 01 Mar 2025
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I think that’s viewing it from the current lens. At the time, the big promise was that you could pay for things without involving all of those pesky big companies. Naive, yes, but the idea of a secure financial transaction is similar in nature to the current tap/wallet methods. But yes, it was commandeered by crooks almost immediately.
No, this was obvious a decade or more ago and it's still obvious today. I believe it followed the rule that "if there is something only male libertarians like, it's not good".
The story of Bitcoin is the same story as PayPal and Peter thiel and the first X, except the man-children are less famous.
Yeah I'll concede that Satoshi almost certainly had unrealized but aspirational goals for the tech, but speaking personally as far back as I can remember, crypto's primary function was a speculative asset.
My earliest knowledge was 2011, can confirm