Cryptocurrencies Have Broken Almost All of Their Major Promises
I&#x27;m not quite sure where did the author found those &quot;cryptocurrency promises&quot;. Bitcoin&#x27;s promises from the start are straightforward:<p>- P2P money&#x2F;value transfer, no banks, no intermediary =&gt; delivered;<p>- nobody owns Bitcoin network =&gt; delivered;<p>- no government with no amount of regulation can stop a transaction from happening =&gt; delivered;<p>- everybody can take a part in Bitcoin network, you don&#x27;t need anyone permission to join (ie. oppressive government) =&gt; delivered;<p>All currency systems are based on faith and trust. USD value comes from faith and trust in US government. If that trust is breached or lost, and it will eventually like with every empire before US, USD will collapse. With Bitcoin is similar. As long are there people who believe in those principles and promises I mentioned above, Bitcoin will have value. Bitcoin will live. And I think those are universal principles of freedom, which will outlive most (if not all) currencies and empires existing today.