Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
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It happened to bitcoin too.
In this sense cryptocurrency is just like cash. It can be a blessing or a curse depending on your situation.
It's possible to build a banking system, with chargebacks and insurance and all the rest, on top of any currency. It doesn't exist AFAIK for bitcoin yet. But there's nothing stopping governments or businesses from introducing it.
You could also argue that bitcoin doesn't need any of that because it's inherently more secure than the banking system. But that's maybe another day's argument.