Someone was telling me that the general problem with HN is that they're all very technically capable, so they look at Bitcoin, understand it from a technical perspective (not always true) and deem it as inferior to other technical solutions, like a centralised database.
The bit that's lacking is an understanding of money, and what makes certain types of money sound or unsound. It's easy to overlook the problems of fiat money because its all we've ever known.
What was it about gold that made it the dominant form of money for literally thousands of years? Why was it abandoned? How does Bitcoin solve the problems of gold and fiat?
Vijay Boyapati (ex-Google engineer) does a pretty good job of outlining this in his article.
The bit that's lacking is an understanding of money, and what makes certain types of money sound or unsound. It's easy to overlook the problems of fiat money because its all we've ever known.
What was it about gold that made it the dominant form of money for literally thousands of years? Why was it abandoned? How does Bitcoin solve the problems of gold and fiat?
Vijay Boyapati (ex-Google engineer) does a pretty good job of outlining this in his article.
https://vijayboyapati.medium.com/the-bullish-case-for-bitcoi...
I wish more people on HN would read it with an open mind.