Bitcoin Isn’t Tulips, It’s Open Source Money
at no point in this article is a value proposition actually defined. &quot;Open Source Money&quot; is a nice soundbite, but unless you can define what that actually means and how it will benefit mankind, it&#x27;s as useful as &quot;facebook for cats&quot;. I&#x27;m in the anti-cryptocurrency camp (despite having read the satoshi paper and comfortably understanding the algorithms behind bitcoin) because I&#x27;ve seen it morph into the exact thing it was meant to oppose - financial speculation and paper-shuffling by rich investors purely for the sake of profit. It&#x27;s somewhat ironically hilarious that ICOs are now a thing given the anti-corporate&#x2F;anti-banking message of the bitcoin genesis block.<p>Right now I see no value to cryptocurrencies besides black market transactions and hacking around with financial instruments in a very closed system. I&#x27;m open to the idea that I&#x27;m missing the whole point, but I&#x27;ve not yet seen a compelling argument for that.