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So, the question one has to ask is, why aren't banks and "serious" institutions now behind bitcoin? If it is a scam/fad/etc?

The story of Cryptocurrencies reminds me a bit of Linux: "it was a cancer to society" until it was not. And now everyone is adopting it and corps have fucked it with their "open core" offerings.

I myself think that the use case of "trustless store and transfer of value" has a LOT of more attraction to what detractors see.



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