The evolution of cryptocurrency is backwards. A problem was solved, and then the characteristics that allowed Bitcoin to solve those problems were rolled back one by one, because they allowed one person to market them, another to make more money, another to claim faster exchange, another to claim environmental friendliness. But the characteristics that are withdrawn in each iteration of coins denies an important characteristic that solved the problem in the first place. And just like the transition from gold-deposit certificates to bank IOU’s to bearer bonds to fictitious numbers on a screen…. So have cryptocurrencies become more and more like the fiat they (It) was meant to solve.

#Bitcoin