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I was wrong, we need crypto

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Re: I was wrong, we need crypto

#111

Post by cuteboy19 »

jonathan-adly wrote: post #33

Crypto makes people so ideological and emotional. if you put down the pitchforks and think for a second. Bitcoin is just an insurance. Store cash under the mattress if you don’t like it. Just understand that the people who in it aren’t stupid or in a Ponzi scheme. Personally, living without insurance in case centralized financial instruments lock me out out is an insane risk to take.

This is like saying that Amway is not a ponzi because you happen to like their essential oils.

What makes Bitcoin a ponzi scheme is its economics and the way that it is promoted. That you find some use in the token is almost incidental

Re: I was wrong, we need crypto

#112

Post by bryanlarsen »

colpabar wrote: post #89
Elinvynia wrote: post #80

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. Do you feel the same about the BLM protests?

This is a really lazy whataboutism. Let's assume that both the blm protests and the convoy both had "a few idiots or provocateurs in a sea of tens of thousands." Now compare the media coverage and government handling of the two things, and compare how those idiots are portrayed compared to the tens of thousands. Do you see a difference? It seems to me that all blm-related events are generally considered peaceful prot…

What buildings were burnt by BLM in Canada? There was an attempted arson in Ottawa at the time of the trucker occupation, though.

Re: I was wrong, we need crypto

#113

Post by lowkey »

lowkey wrote: post #58
Comevius wrote: post #15

Earlier quoted context omitted.

[flagged]

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…

Replying to my own comment as I am no longer able to edit.

I retract the following claim in my parent comment.

> There is also some evidence that it may have actually been the PM's personal photographer who took the photos of the Nazi flag [1]

Correction: There is NO evidence that the PM's personal photographer was a party to this photo incident. I regret making that unsubstantiated claim.

Re: I was wrong, we need crypto

#114

Post by jqpabc123 »

mateuszf wrote: post #70
jqpabc123 wrote: post #32

Earlier quoted context omitted.

In fact, on chain exchanges like uniswap and 0x require zero trust whatsoever. Who determines how much your crypto is worth? Does uniswap do this? No, not on their own. They can't --- their daily trading volume is too small. They are literally forced to follow the "marketplace". The 800lb gorillas that make up the crypto "marketplace" are the centralized exchanges --- Binance and others. They set the price using what…

> Who determines how much your crypto is worth? As with other things - the people who want or don't want to buy it.

What happens if the biggest player has an unlimited supply of money they can just mint at will and use it to drive up the price that you pay?

What happens if they also also get to see your order before it is executed and have every opportunity to insert their own in front of yours just to drive up the price that you pay (aka "front running")?

Re: I was wrong, we need crypto

#116

Post by arcticbull »

jqpabc123 wrote: post #10

... we need crypto Did someone say otherwise? Crypto is an attempt to fulfill a broad yearning for financial freedom. The problem is, as it currently exists --- it just doesn't deliver. Crypto doesn't displace trust, it misplaces it. Instead of trusting government and regulated banks, you end up trusting the unregulated gatekeepers to the block chain --- the exchanges. Who is making sure these gatekeepers are not sel…

> Did someone say otherwise?

I will say otherwise. We do not need crypto.

Re: I was wrong, we need crypto

#118

Post by landemva »

csee wrote: post #17
defaultname wrote: post #14

Earlier quoted context omitted.

DHH's piece is clearly just a pro-"trucker" piece -- he has posted others previously -- and he decided to add a crypto narrative as some weak editorial justification. Add that he knows crypto enthusiasts are now going to distribute this nonsense widely. It's a pretty easy group to pander to. But sure, he brings up classic arguments for crypto. There is nothing new in them. "Avoid government control - use crypto". Sou…

It's a mistake to think this article is just a rehash of the classic arguments for crypto. The Canadian response is the first piece of hard evidence we have seen that such arguments aren't just fanciful theoretical speculations that could never apply to wealthy, liberal democracies. It is good and useful to point this out. Even if the rest of the piece is ideologically motivated, we shouldn't then close off to this i…

Cypress closed their banking and did forced bail-in. https://www.theatlantic.com/business/archive/2013/03/everyth...

Anyone paying attention has some btc just in case.

Re: I was wrong, we need crypto

#119

Post by arcticbull »

givemeethekeys wrote: post #117
HL33tibCe7 wrote: post #81

> the Canadian prime minister imposed martial law on the protestors No, he didn’t.

Are you saying, "no he didn't in theory" or "no he didn't in theory or in practice" ?

No he didn't either way, because that's not what the Emergencies Act is or does. [1, 2]

[1] https://en.wikipedia.org/wiki/Emergencies_Act

[2] https://www.youtube.com/watch?v=-iPsgfuum2c

Re: I was wrong, we need crypto

#120

Post by woodruffw »

givemeethekeys wrote: post #117
HL33tibCe7 wrote: post #81

> the Canadian prime minister imposed martial law on the protestors No, he didn’t.

Are you saying, "no he didn't in theory" or "no he didn't in theory or in practice" ?

He did not in theory or in practice impose martial law. The comment adjacent to yours contains a video that explains the provisions under the Emergency Act in detail.
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