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I was wrong, we need crypto

world.hey.com

101–110 of 336 posts

Re: I was wrong, we need crypto

#101

This whole episode is a lesson about the danger of unchecked, centralized power. Any government that has the power to act unilaterally to destroy (financially or otherwise) and imprison anyone they deem "bad" is a government that is a threat to the freedom of everyone. It doesn't matter how benevolent you think they are, or they claim to be. The existence of this power itself is the problem. That's why transparency,…

I completely agree. I never thought I'd see so many blatant authoritarian would-be tyrants coming out of the woodwork as I've seen here on HN since the protest began.

Re: I was wrong, we need crypto

#102
post #75

Earlier quoted context omitted.

> This was one year after similar group attacked the American Capitolium. Assuming you are referring to the January 6th insurrection incident, I don't think the two are comparable. What happened in Canada could fairly be described as an occupation and would therefore be most similar to the Occupy Wall Street movement. Notably the Occupy movement, despite being equally frustrating for the local and national government…

> Notably the Occupy movement, despite being equally frustrating for the local and national government as well as the civilian population, was allowed to go on for close to 2 years. Politically this is probably true, but ows never as far as I recall blocked main roads, and certainly not for extended periods. Whatever you think the legitimacy of that tactic is, it's not the same. And fwiw the ottowa police claimed tha…

This is not true. The occupy movement did block main roads. When they were doing their thing, my drive to work (and back) tripled. BLM did the same.

Police need to be able to stop those who break the law, while simultaneously protecting those who are merely protesting. Even if they’re part of the same crowd.

Re: I was wrong, we need crypto

#104
post #60

Earlier quoted context omitted.

One idiot or provocateur in a sea of tens of thousands does not override the 99%. That's an absurd, lazy smear. What this episode makes clear is that many people actually love authoritarianism as long as the actions of the state in the moment appear to align with their own ideology. Next time it won't, which is why it must be resisted on a principled basis. This precedent being set is a dictator's dream come true and…

Quoted post unavailable.

> 1) The people begging for the right to die a slow brutal death that resembles a month long water boarding session.

This is a disingenuous interpretation of what is essentially a peaceful worker's sit-in.

> 2) The people that trust that medical doctors around the entire plant earth aren't part of some super secret cabal hellbent on implanting mind-controlling microchips in them

This is a disingenuous character smear of anyone who decides to question the status quo.

Re: I was wrong, we need crypto

#106
post #37
post #11

We don't need "crypto," we need _Bitcoin_. Crypto is the scam he references here. It's clear that DHH has a very thin understanding of Bitcoin and is conflating arguments about the web3/crypto/defi/nft nonsense with it. _That_ is the psyop. If people think Bitcoin and all of the other junk (sh*tcoins) are the same thing, you're just walking into the same trap as what precipitated the nightmare in Canada. The thing to…

> We don't need "crypto," we need _Bitcoin_. But Monero is objectively better than Bitcoin if you just want to pay for things.

Arguable, because monero's hash power is a negligible fraction of bitcoin's AND it's ASIC resitant, so mining on CPUs is still viable.

This makes it much more vulnerable to nation state 51% attack since they can just temporarily redirect fleets of CPUs (maybe even deputize AWS, Azure, GCP, etc) to attack the network. This kind of rapid response attack isn't feasible on bitcoin because SHA256 ASIC miners are incredibly hard to come by and the electricity required to pull it off would be enormously expensive.

Re: I was wrong, we need crypto

#107
post #60

Earlier quoted context omitted.

One idiot or provocateur in a sea of tens of thousands does not override the 99%. That's an absurd, lazy smear. What this episode makes clear is that many people actually love authoritarianism as long as the actions of the state in the moment appear to align with their own ideology. Next time it won't, which is why it must be resisted on a principled basis. This precedent being set is a dictator's dream come true and…

> One idiot or provocateur in a sea of tens of thousands does not override the 99%. That's an absurd, lazy smear. Do you feel the same about the BLM protests?

Attempting to retroactively and without due process freeze the finances of anyone who donated to the BLM protests would be just as far out of line as doing the same to anyone who donated to the Ottowa protests.

Even in cases like the sanctions on Iran, I don't think we attempt to prosecute people who had financial interactions with Iranian people or businesses before the sanctions were imposed.

Re: I was wrong, we need crypto

#109

Earlier quoted context omitted.

Imagine you woke up one day set on the intention of digging a tunnel to China in your backyard by only using cutlery. Would throwing more people in the hole armed with spoons fix the inherent issues with your project? The reason why there are lots of experts criticizing the current implementations and crypto concepts is because it's vastly easier to realize the flaws in one's idea than coming up with a new proposal.…

In the digging example, the goal is to complete the tunnel. If the tunnel is not completed, the project would be a failure. You say that PoW works and makes cryptocurrency doable, yet you conclude that it is a failure. But you don't define what the goal of it is. What specific goal would you want crypto to achieve to falsify your belief that it is a failure?

pow has transaction fees that are too high for it to be usable as a currency.

Re: I was wrong, we need crypto

#110
post #58

Earlier quoted context omitted.

Please note that the Canadian government has, in the past, on multiple occasions [0], used agents provocateurs to falsely smear a protest movement by planting their own agents who attempt to inflame a situation. For example, trying to turn peaceful protests violent. To my knowledge, there was a singular incident of Nazi flag on the very first day of a 25 day protest. There is also some evidence that it may have actua…

There is no evidence it was "Trudeau's personal photographer" that took the picture in question. Zero.

I apologize. I overstepped and will correct my previous comment with a note.

I do find it suspect that this all went down at the Fairmont Chateau Laurier which is a hotel most well known for hosting foreign dignitaries and heads of state, as well as more recently large numbers of police brought in from around the country.

This single nazi flag incident has been repeated by the government and it's proponent so many times now to paint this entire movement as racist which is do feel is an unfair characterization of the protesters, most of whom were simply Canadians who felt the need to be heard.

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