Bankcoin seems to take offence at anyone pointing out the bizzarre situation that it finds itself in. Bankcoiners - and I know, as I was one if them until recently - are blind. I was blind. I don't know whether it's greed, ignorance or maybe narcissism which is off the charts on Bankcoin Twitter. But it seems to enable the inability to see how off track it has gone. It could be that the mods in r/bitcoin are actually too stupid to know how stupid they are, that's possible.
Bankcoin was in principal a great idea, but it has become something else, which is fine. But at least admit it Blockstream lol. It is successful in that it may well supplant Gold, but a total failure for the reason it was invented. I mean watching the last 12 months of everything horrible about the banking sector, being celebrated by Bankcoiners can only be wondered at. And like I said, I was in that same trance. Once the toxicity has been washed off me, I shall spend every breath I have pointing out what is wrong with it. I can't make the subreddit redundant, but I know how Jack Maller's felt back then.
F-ck bankcoin, and hello to the open and transparent future that it promised to deliver and yet failed so spectacularly to do. It will be its own undoing, which of course will be to the favour of other projects that are pushing forward with creating a monetary system for the people.
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from Bitcoin - A Peer to Peer Electronic Cash System https://ift.tt/3wrajSk
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