Comment by consensus1
6 hours ago
I have really enjoyed watching crypto act like they are white knights against the evil traditional financial system and then go on to reinvent it piece by piece.
6 hours ago
I have really enjoyed watching crypto act like they are white knights against the evil traditional financial system and then go on to reinvent it piece by piece.
You're assuming that the contention was with the functionality and not with who controlled it.
The current players in crypto are the same people. And there’s noting systematic about crypto that changes this — people with money can afford to buy more mining capacity or stake more coins.
There’s nothing evil about aiming to earn a penny or a fraction of a penny on a transaction.
Who pays that penny?
Whoever wants to pay an extra penny. Like any other transaction.