I spoke at a big bitcoin-adjacent company this week and one of the best questions was from someone who asked what the downsides of bitcoin adoption might be.
I always do appreciate these steelman que...
They say that money is the root of all evil. How do we know that won’t still be the case when Bitcoin is the dominant form of money?Maybe Bitcoin becomes the root of all evil because people will do anything to get it. (?)
Also, Bitcoin separates money from state, but one aspirational aspect of governments are that they are a mechanism to prevent Corporations from enslaving workers. That might sound like communist ideology… but if the state has less power it does seem to me that the power vacuum will be filled with Corporations, who would then become the new overlords.
Also, Bitcoin separates money from state, but one aspirational aspect of governments are that they are a mechanism to prevent Corporations from enslaving workers. That might sound like communist ideology… but if the state has less power it does seem to me that the power vacuum will be filled with Corporations, who would then become the new overlords.
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