Salvatore Iaconesi
1 min readSep 8, 2017

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of course I completely agree.

But then we must also consider “what happens next”.

It is not strange, in my opinion, that the two first large scale instances of the blockchain (Bitcoin and Ethereum) have turned into speculation heavens practically immediately.

Because, as we were saying, technology is not neutral.

We are talking about systems which make it very convenient to 1) turn everything into a transaction with a measurable value, 2) to exchange it, 3) to derive from it (futures, derivatives, speculation), 4) to pass from one currency to the other and 5) to build it out of thin air

this is a very dangerous combination

And it is weird that it is perceived as “alternative” to centralized systems.

People are actually investing in BTC to speculate to obtain euros, dollars, pounds. Giant financial banks are bringing up blockchains, investing in BTC, creating currencies. Companies, startups and organizations, as centralized as can be, are creating tokens to acquire (centralize) capital.

What is not centralized about all of these things?

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Salvatore Iaconesi
Salvatore Iaconesi

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