Of Blockchains and Banks

Preface Link to heading This is an interesting discussion with many people that have in one way or another echoed the point of view that cryptocurrencies in general are a blight on society. While a wiser man than I cautioned against accepting the premise of the bully, in this case doing so is instrumental in dismantling the arguments. Participation in the cryptocurrencies is voluntary. As any emerging technology it had some rough edges, and when compared to the recurring economical fiascos of the traditional banking system, blockchains have demonstrated a profound improvement in some areas, and problematic behaviours in others were not.