Discussion

When the chain becomes the product

drdrek: I love the ending footnote, its the perfect statement to prove his thesis. Just because you understand the problem does not mean you are immune to it. Just because you know smoking is bad for, and you understand the mechanisms of addition, does not mean you manage to quit smoking.

stuaxo: Does anyone else find this kind of LLM written stuff tiring to read.Admittedly I only read the titles.

jcfrei: Lots of similarities to the Bitcoin investment thesis. Where the chain itself becomes the product and not any utility derived from it. You have to believe in a likely future where all fiat money crashes and becomes worthless, evil states confiscate other forms of wealth, like stocks and bonds but for some reason will be powerless to prevent bitcoin transfers. At the same time the hard limit of 21 million BTC will never be revoked despite continuously declining miners revenue. And only within that strict narrative does a long-term investment really make sense.

mothballed: FATF and the government were desperate to eliminate/immobilize bearer bonds, bearer shares, high denomination notes, and hawala. It does seem like at least part of it is they think they have less control over oversight of their transfer for certain instrument or asset classes.

Tklaaaalo: 'read the title' is not the same as reading an article.Im also not sure why this would be LLM written and i have not seen a lot of / relevant amount of LLM written articles especially on hn