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jawwad22
jawwad22

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What if bitcoin was not invented

Discussion (3)

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ardennl profile image
Arden de Raaij • Edited

If Bitcoin wasn't invented it wouldn't make a big difference right now. I don't think Bitcoin is currently actively affecting a lot of lives. Sure, there are some exceptions but I think a majority of people see Bitcoin as a curiosity. In any case, paying with Bitcoin or any other cryptocurrency doesn't seem that appealing to me when it's so volatile, and I think that it's going to take a while before any of the currencies are stable enough to be a payment method. Being a viable payment method would deliver on their promise to cut out the middleman, but at the moment cryptocurrencies mostly seem interesting to speculate on.

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Luke Westby
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Kasey Speakman

The most impactful place I see Bitcoin being used is in ransomware. But if Bitcoin didn't exist, I'm sure they would use some other hard-to-trace means of ransom.