this post was submitted on 03 Feb 2026
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It was never meant to be used in this way at this scale though. He put out a new method/paradigm and that was that. It was the asshole investor tech bros that destroyed the planet once they learned of it.
Just like anything, almost no tech or thing is inherently bad, but it becomes bad when the ruling class get their greedy grimy little grimy in it.
Even gen AI, despite how it has been used as a tool for the enrichment of the more privileged 0.1% as a tool of suppression of artists' (and critics of technofascism's) voices, is not really a harmful technology.
With enough copyright protections, and regulation of deep fakes, digital formats, and a bunch of other things, I could see gen AI being a valuable collaborator to creative output and workflows.
Hell, other than weapons, I find it hard to justify calling any technology inherently evil or nefarious. And even then, weapons have saved many innocent people's lives against unjustified attacks, wild animals and other threats.
Still, if we don't treat each technological invention with the right amount of cautiousness and care, we risk the deaths of, sometimes, even thousands or tens of thousands of people.
Once again, a careless inventor put out something not designed to counteract obvious misuses. Shoud have designed a complete system with sensibly aligned incentives.
Lots of the issues Bitcoin faces are not based on the design, but by and large what tech bros made out of it.
If you really want to learn more about it, have a look at the blocksize wars and Bitcoin Cash. Or just wait until Bitcoin finally collapses, which will happen eventually, but I'm not able to tell whether this year, decade or century.
What will break Bitcoin's neck eventually is the OPEX of its mining. Mining on the one hand is a crucial part of keeping the network secure, but on the other hand is expensive way beyond the money that can be earned from transaction fees collected when doing the mining.
Bitcoins being generated from thin air when a new block is being produced are a major part of the revenue for the miners, but the amount of BTC getting created this way gets reduced over time until it reaches 0.
The thing about the mining is that it's being done with more and more computing power, and it can't go below whatever the current amount of computing power is by a lot without putting the network at risk.
You're missing where I'm from.
If only his foresight were as powerful as your hindsight.