John Griswold
1 min readAug 13, 2022

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And it seems to me that an unscalable crypto is inherently useless, nice as a boutique vehicle for a small group of people but unnecessary in any way. The distributed ledger is doomed to slow down and become more expensive to use/maintain, I hear the censorship "issue" mentioned often but I'm not sure what that issue is. Cryptos as they exist today can't function without middlemen, and BTC is a prime example. Actually owning a coin is fraught with technical difficulties and risks and only the tech savvy can trust themselves to establish and maintain a wallet to hold that coin without the risk of losing or compromising passwords or the hardware on which that wallet exists. The coin now costs so much that most owners "hodl" rather than put it in commerce or circulation, and for most people, accessing either coins or trading on their value requires dealing with an exchange, a middleman.

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John Griswold
John Griswold

Written by John Griswold

Master carpenter, watercolor artist and beat up old jock…owned by Black Lab Bo who considers two tennis balls a minimum mouthful

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