I was kind of sympathetic to Bitcoin in the early days. Despite the awful politics of the community surrounding it and the obvious grift angle, it seemed a positive that we might possibly be able to escape the stranglehold that payment processors are currently demonstrating online.
Obviously, the incentives at play inevitability led the project to become a series of pyramid schemes within pyramid schemes, and anyone who has actually used the Bitcoin network will tell you that it did not scale well, with slow transfers and high fees.
However, could it be done well? Is it conceptually possible to have a left cryptocurrency? How would that work, technically, politically, practicality within this economy?
To be perfectly honest, these were the questions I wished our glorious thought leaders in left media would grapple with a decade ago, but maybe we all have enough perspective on this thing now that there is some fruitful discussion to be had on here at least.
I felt the same when it first began. I was kinda hyped for an alternative currency. But the main barriers were, next to no one answered Bitcoin payments for actual goods or services (yet), and then it just sort of became more of a money making investmentb scheme than a currency people can actually use in their daily life.
I know that these days it’s a little more widely accepted, but still no where near enough yet for me to adopt it.
I have no interest in trying to get rich from crypto. But if there was a legitimate use case for everyday people to use it instead of government legal tender then I would give it a go.