> It might be justified if bitcoin could replace the traditional financial system (think about how inefficient that is), but I do not think it can.
Bitcoin is already way more inefficient than the current financial system. Just compare cost per transaction between Bitcoin and Visa, for example. People seem to think that Bitcoin will somehow replace the entirety of the financial system when it's not even designed to do that and only really handles transactions.
Bitcoin is already way more inefficient than the current financial system. Just compare cost per transaction between Bitcoin and Visa, for example. People seem to think that Bitcoin will somehow replace the entirety of the financial system when it's not even designed to do that and only really handles transactions.