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for me the key tweet here is:

> The two things people need to know about cryptocurrency are completely non-technical:

> 1. If it doesn't work, it's just an easy to lose casino chip

>2. If it works, it creates an end run around all financial regulation, and will be dominated by uses those regulations try to stop

(edited for formatting)




The thing people also overlook on point 2 is that if cryptocurrencies and blockchain tech take over the traditional financial system, that doesn't mean bitcoin, or even etherium, did. In no way is bitcoin a bet on blockchain tech; people just tell themselves that story because it feels better than gambling on crypto trading cards. Nothing wrong with gambling on them, either; just don't say you're "investing."




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