Bitcoin is 15 years old.
To put that in perspective:
The web started in 1991. 15 years later, in 2006, we had youtube, twitter, amazon, ebay - the world was unrecognisable.
What have we got in that timeframe from #blockchain? Ashes.
"A thriving market for magic beans doesn't make the magic beanstalk real." - lib.rs
@noboilerplate At first the internet brought true innovation as it was something truly new and world-changing.
However in the last 15 years the only thing we got was value extraction (diverted upwards), and it seems like this will continue until the system eventually breaks.
Generative "AI" only accelerates this as neither laws nor societies are compatible with them. However the value extraction won't stop as it simply can't, by design.
"The old world is dying with the new one not born yet."
No Boilerplate
Natanox 🇺🇦🇵🇸
Sashin