Man it feels so long since I wrote this, shame to delete it as it was about silkroad and the trouble it might bring down on Bitcoin in those early single-digit days. But whatever, that and lots of other shit happened and Bitcoin's still ticking along nicely... or is it? If you're reading this, well, it might pop up briefly on the "new posts" page after editing but you're more likely interested in my post history for whatever reason so thanks for taking an interest and onwards.
Bitcoin, what a work of genius, we really thought it could make it all happen, break the stranglehold and bring us to a better world without the banks. But then something strange happened, all of a sudden we had stability on the exchanges, ex-banking execs in big startups in the crypto space, interest all the way from the US senate to Paypay and something didn't quite look right.
Move on a while and the banks themselves are getting all friendly but I'm getting a little ahead of myself, I forgot to mention the alt spam. Pages and pages of the damn things, so many you had to put the alt section of this place on ignore 'cos it was all you'd see when checking new posts and if there was any trace of innovation amongst the damn things it'd be buried amongst a hundred shitcoin clones. One made it through the rabble though and we shook our heads in wonder and uttered a collective wtf?! at its rise. Doge, a litecoin clone backed by the full faith and credit of a meme.
Where's all this going? Well, long story short, we missed the ball, we'd let trust based exchanges flourish with no proof of reserves, hundreds of BTC walk away in hacks and heists and to cap it all off we'd let a fscking meme take coins off kids. It gets worse, we shouted and yelled while this was going on but to no avail and then we started to get close to Bitcoins networks limitations and this is where it gets really nasty, even worse than stealing coins from kids.
We tried to discuss it rationally, throw ideas around and see what came out of it but all the time there was a yell and yammer getting louder and louder until rational discussion became impossible and any future chance of rational discussion stood no hope, the devs couldn't utter a word. Sorry, we dropped the ball, the biggest player won the whole pot on the markets and then they killed any hope of evolution, they wanted the inefficiencies kept in because that's where the profit is.
Oh doom and gloom and woe is us, lets pack our bags and go home. Lol, you cant kill ideas that easily, the idea moved on and Bitcoin blew the door wide open for them. Look to the idea, it's out there and its wild and free, we're coming to get you squiddy
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
