41–50 of 280 posts
it can't remain so unregulated as it is now. either corporations will take over and legitimize it but this means it will become centralized and owned by big tech. or, it will remain the wild west that it is now, for a while, and then gov will shut it down.
cryptocurrencies are the same as torrents. only popular while unregulated. but this only lasts until some big player decides to stop it
Earlier quoted context omitted.
Except the primary use of the dollar is good. The same can't be said about the primary use for Bitcoin (which is, at best, speculation).
Isn’t that the same for gold? That it’s for speculation? Or stocks.
Earlier quoted context omitted.
Except the primary use of the dollar is good. The same can't be said about the primary use for Bitcoin (which is, at best, speculation).
Isn’t that the same for gold? That it’s for speculation? Or stocks.
Earlier quoted context omitted.
Except the primary use of the dollar is good. The same can't be said about the primary use for Bitcoin (which is, at best, speculation).
I feel the same argument can be make about Tor. While it primary uses are probably illegal (doesn't necessary mean immoral) activity, it helps a lot free press in oppressed regimes (also illegal, but by western standards moral).
And TOR is rarely used. Journalists use apps like Signal now.
You've built a world where Bitcoin despite not being "real" is the only real store of value, there will only ever be 21 million...
> Warren Buffett: "I knew there’d be a question on bitcoin or crypto and I thought to myself, well, I watch these politicians dodge questions all the time … The truth is, I’m going to dodge that question. Because the truth is, we’ve probably got hundreds of thousands of people that are watching this that own bitcoin. And we’ve probably got two people that are short. So, we’ve got a choice of making 400,000 people mad…
Working together is in the best interest of humans. Humans require trust to operate. A system designed around mistrust is inherently against our nature.
The context of the quote: > I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth... So, I think I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization. I find it strange to criticize an asset for how it gets used in extremis. I feel like the same criticism could be levied against the dollar.