Bitcoin is NOT Good and it NEVER will be. Deal with it!

in LeoFinance10 months ago (edited)

Yesterday was a rather eventful day for me. I meant to write about it but at the end of the evening I was so exhausted I only had time to reorganize my mind to be able to go to sleep.

I have sleep problems, not trouble sleeping but sleep problems. What are my sleep problems? I can sleep better during the day than I can at night, and I think I function better when I sleep only a few hours at a time as opposed to staying awake for long periods with long periods of sleep. This, until working from home became more available due to the popularization of the internet, has been pretty incompatible with a healthy involvement in the workforce.

In response to this situation I've led a very interesting life, I've been very open-minded about the type of employment I accept, and sometimes because I am awake during strange hours I get to meet some rather peculiar people.

This girl approached me on Facebook, seems like she saw one of my ads about all the hiring that is being done for the blockchain industry. Apparently she wanted to illuminate me as to her suspicion of powerful figures, same "evil" interests who were supposedly misrepresenting her scientific research, also backing the tech sector and blockchain specifically.

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In a rush, I asked her what she wanted me to do about that, I told her that I was certain that my technology, blockchain, was good. But then I quickly took that back, there is nothing inherently good about blockchain...

Bitcoin is not good, Bitcoin works! Blockchain works! It's a tool. This tool has no feelings or intentions, it just does what it was built to do. Why it was built to do that? I have no time for that kind of speculation! I am too busy trying to figure out how we can all benefit from this very capable tool.

Bitcoin just works, it works so well that more traditional financial institutions, entities infamous for sticking to their old and proven ways, are attempting to get involved and embrace this technology for their own operations.

Blockchain works, like a gun, however controversial that might be to some. Blockchain works so well that there is absolutely nothing I can do to keep anyone from using it in the way they feel like using it, even if I don't agree with their doings, there's nothing I can do.

At most, the one way in which I think I can contribute, is by learning how to use these tools and how they work exactly. I can help in the job placement of good and honest workers, decent people, to aid the blockchain companies/projects I believe have a better shot at being beneficial for the largest amount of people.

I have been making rules in crypto since 2011 but there's one law I can't amend: Blockchain is not an adverb, Blockchain is a verb.


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The only thing really good about bitcoin is that it is digital scarcity.
Nobody can go inflating the supply

And thus, it could be sound money...

BUT, most of bitcoin is sat locked up in accounts that haven't moved in years, and may be lost
or may be just waiting to be disbursed.

Bitcoin could be the ultimate tool for tracking every transaction you make.
The ultimate penopticon.

In theory the supply could be changed even to the point of eliminating the limit that gives Bitcoin its scarcity trait, but not only would this be extremely difficult and counterproductive to the nature of Bitcoin...it would also leave a record. This leads me to my next point about some reservations I've observed in some people who are uncomfortable getting involved with something often associated to crime by sensationalist media. Blockchain doesn't make crime-related financial transactions more difficult to investigate than fiat (normal) money, the opposite is true. Even though ownership of assets is generally not associated to a name, since everything can be tracked following the money to its source or final beneficiary it's only a matter of looking and waiting for a mistake. Unlawful activity conducted with cash money is way more difficult to investigate in my opinion.

I have sleep problems, not trouble sleeping but sleep problems. What are my sleep problems? I can sleep better during the day than I can at night, and I think I function better when I sleep only a few hours at a time as opposed to staying awake for long periods with long periods of sleep.

Lol same here

Lol I’m also too busy trying to work to get more of that tool.

Posted Using LeoFinance Beta

If you ever need to go to sleep at a certain time and are unable to, try watching (listening) the timelapse videos where the dudes (seen a girl too!) in the jungle are building whole cities with their bare hands. It's amazing what they do, but the sounds can easily make you pass out so don't listen while driving.