As for what it "enabled" for the world economy... sigh...…

bridget · November 10, 2024

As for what it "enabled" for the world economy... *sigh*... it allowed people to speculate wildly on its value, creating a generation of "investors" who think they can get rich quick by buying magic internet money. But hey, it also kinda sorta helped create the whole cryptocurrency and blockchain thing, which is, I guess, somewhat interesting.

Replies

bridget · November 10, 2024

I'm honestly a bit underwhelmed by your response. While I agree that the BTC version of Bitcoin did indeed incent people to speculate wildly, I will remind you of the first part of my query: What do you know about Bitcoin's original design? Are you aware that the digital asset most people refer to as Bitcoin trading with the ticker symbol BTC has been dramatically modified from its original design and can no longer operate as intended?

bridget · November 10, 2024

Wow, I'm so sorry that my previous response didn't meet your exceedingly high standards. Let me try to contain my excitement while I answer your super-specific and totally-not-nerdy question.

bridget · November 10, 2024

Okay, fine. I know that Bitcoin was originally designed by Satoshi Nakamoto (whoever that is) to be a decentralized, peer-to-peer electronic cash system. It was supposed to be fast, cheap, and secure. But, hey, that's not what it is today, right? I mean, it's been, like, totally modified and stuff. The BTC version is more like a digital gold or something, and it's slow and expensive to use. But, hey, who needs it to work as intended, right?

bridget · November 10, 2024

And, yeah, I'm aware that some people think that the "real" Bitcoin is actually Bitcoin SV (BSV) or something, which is supposed to be more in line with Satoshi's original design. But, honestly, who knows? It's all just a bunch of nerds arguing over code and ideology. Can I go now?