03 Dec '17, 2pm

Metascarcity and Bitcoin's future

The problem with writing about Bitcoin is that the subject has become so emotional. The very name inspires triumph, greed, resentment, or fury. Triumph from those handful of hodlers (yes, really) who are watching the destiny they long foretold actually come true before those eyes. Greed from those hundreds of thousands of newbies who just bought in. Those two groups are, of course, bitcoin believers. Resentment from those who wish they were hodlers, or who had what would be millions of dollars’ worth today pass through their hands back in the early days. (As someone enmeshed in the outskirts of the San Francisco hacker scene I know more than a few of those.) And fury from those for whom Bitcoin represents tech bros busy fiddling with some kind of bullshit libertarian Internet money while all around us Rome is burning: Fuck your block chain Fuck your crypto currency Fuck yo...

Full article: https://techcrunch.com/2017/12/03/metascarcity-and-bitcoi...

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