Oddbean new post about login | logout #bitcoin is digital cash. it's for hoarding by people who think all our institutions will fail but somehow the internet will still work. people who constantly complain about democracy but won't/can't propose/explain how any alternative would work or be an improvement. they've done more critical thinking than most, but somehow interpret most everyone's lack of knowledge or misinformation as resulting from elite propaganda than basic ignorance and human fallibility. #SoAngry
@b42b2f3c You do realize that there is use for cash other than hoarding, right? The analogy between Bitcoin and cash is reasonable, but just like cash, Bitcoin is also quite useful for transacting. Bitcoin is digital cash for people who’ve come to realize they can’t send paper notes over the internet by stuffing them in the USB drive slot.