this post was submitted on 24 Jul 2025
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This is why Bitcoin was invented.
No, really. We're discussing this on a decentralized technology because we know that centralized control is bad - and that applies to the technology of monetary transfers as well.
Too bad it was then mostly used for speculation instead of actually building up an internal economy where we wouldn't now have to care what itch.io's payment processors think.
Honestly, even if it hadn't been abused as a speculative investment, I don't think Bitcoin (or any other cryptocurrency) would've worked basically at all as a decentralized payment alternative. Dan Olson's investigation of it is too damning for me to believe that.
There are better cryptocurrencies for the actual use case of currencies than bitcoin like monero
Plenty of the ostensibly better alternatives are covered in the same documentary. I have no faith in them either.