this post was submitted on 09 Mar 2024
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Man, I remember how back in 2009 we were hyped about this possible chance for a fairer world that a independent currency might bring. Guess we were quite wrong. :)
The independent currency was still worth standard currency... So the ones already hoarding all of that existing make-believe-number money just bought up and schemed us out of new make-believe-number money.
How did we not see this coming? :(
not smart
Not gonna claim any foresight.
But now in 2024. It dose seem rather insane to me. That no one predicted the energy problems of proof of work.
We were well aware of the co2 cost of computing.
No one expected that dozens of crypto currencies would pop up. Most of us actually expected it to just fail and dissolve. But there was the naive, little glimpse of hope that this might destroy the petro dollar (which was much stronger in 2009 than today).