What, exactly, is it supposed to be good at? No one really needs another way to bet on tech stocks. You can… just bet on tech stocks for that. Unlike the Ethereum network, Bitcoin is not widely regarded as a useful platform for advanced financial services. One potential answer is crime – crypto is the preferred payment method for hackers who commit ransomware attacks – but that doesn’t bode well for Bitcoin’s long-term future. So if it’s not a currency, a substitute for gold, and even a great way to diversify your portfolio, what exactly is its purpose? As far as I know, other than buying drugs online, the answer is absolutely nothing.
Eulogy of Jordan Weissmann