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I was wrong, we need crypto

world.hey.com

231–240 of 336 posts

Re: I was wrong, we need crypto

#231

Earlier quoted context omitted.

> 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")?

> 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?

That's the situation we are in with fiat currency. That's what central banks do.

Re: I was wrong, we need crypto

#232

Earlier quoted context omitted.

People donate to a protest when they believe what they stand for, like being against mandatory vaccination, not when they made sure that every protester is following the law Besides how can a peaceful protest be unlawful? I hear that in China when protests are "unlawful" when they disagree with the great leader

There was a court case that settled this if you're curious to learn more. [1] Not only did they rule it unlawful, they gave the truckers a few hours after the ruling came down to vacate the area before it went into effect. They have been given every opportunity. They decided that rather than following the lawful orders of the court, they would simply continue their occupation. This isn't a protest, it's an unlawful o…

Nobody batting an eyelid probably isn't the goal of a protest though. I hope these peaceful protests sometimes do make a difference at least.

Re: I was wrong, we need crypto

#233

Discussing the politics of a country that the vast majority of HN readers do not understand in-deth in response to a rant by someone else who also only has cursory understanding is adding useless noise to HN. Canada has never been about ‘life, liberty, and the pursuit of happiness’, bar a small minority. In many areas it is closer to the EU than the U.S. In fact these rants are self-defeating as they convince ever mo…

Yet Europeans and canadians are allowed to discuss American politics and even completely trash American values repeatedly. It's funny to see canadians be so defensive when someone else does it to us when we are usually extremely smug about doing exactly the same to our southern neighbors.

And by the way no, sorry but that's absurd. There's a huge line between being a freedom gun loving American and being against enacting emergency measures that do away with due process because of a protest. To think canadians support this just to... own the Americans online? Is so ridiculous that it might border on satire.

Remember, trudeau is still in a minority government and lost popular vote twice in a row to the conservative party. The conservative party has voted against enacting emergency measures. So you might be living in a bubble where everyone actually supports this, but it's not representative of the electorate.

Trudeau is completely, completely losing it and that's coming from someone who has met him a few times when he was my MP. I also volunteered for his campaign back in 2015 and 2019. Yet to me he seems completely unhinged at this point.

Re: I was wrong, we need crypto

#234

Earlier quoted context omitted.

> 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")?

> 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?

That's what central banks do, and a lot of cryptocurrencies. It's very very hard to do though with Bitcoin.

Re: I was wrong, we need crypto

#235

Discussing the politics of a country that the vast majority of HN readers do not understand in-deth in response to a rant by someone else who also only has cursory understanding is adding useless noise to HN. Canada has never been about ‘life, liberty, and the pursuit of happiness’, bar a small minority. In many areas it is closer to the EU than the U.S. In fact these rants are self-defeating as they convince ever mo…

As a Canadian, this type of rant makes me wish crypto was banned. They are already used for fraud, money laundering, tax evasion and now to interfere in other nations internal affairs. I imagine they could/will be used to bypass political spending laws.. Enough is enough..

Re: I was wrong, we need crypto

#236

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

Semantics aside - the Act does allow for the suspension of civil liberties that should be troubling to everyone. The ability for a government to unilaterally lock people out of their bank accounts without a court order or any form of recourse is virtually unprecedented in Western society. Likewise, retroactively labelling a behaviour as a crime, then punishing individuals for it is explicitly against the Canadian Cha…

,, The ability for a government to unilaterally lock people out of their bank accounts without a court order or any form of recourse is virtually unprecedented in Western society.''

Technically you are right, but for me the bail-in in Cyprus in 2013 was scary enough to diversify into physical gold and Bitcoin (I stopped the gold part since then), as I realized that I'm just a ,,creditor'' to a bank, I don't own the money that exists in my bank account, and this can happen inside the EU.

Re: I was wrong, we need crypto

#237
Let’s be real here. If you’re only getting angry now, you don’t care about democracy.

You care about your goddamned Bored Apes and other ways of doing end runs around financial controls.

The convoy is anti-democratic. It is not a protest in the conventional sense. They are not petitioning for concerns to be heard; they are asking to be treated as if they were the real government. Many of them have bizarre legal theories and even started to swear each other in as peace officers to justify resisting with deadly force. The end goal of their actions were to get the government to declare itself illegitimate. Hey, I am often skeptical of the state too, but given the convoyers’ aims I would not expect the government to even talk to them.

Be real. This was no protest, and it wasn’t even analogous to an Occupy Wall Street action. A bunch of gullible people who had their brains hollowed out by Q, Facebook and Fox, led by opportunistic white supremacists and at least one literal Nazi, descended on the capital and crucial economic chokepoints to cause mayhem. There were a shocking number of US and Trump flags. In my city, these shitheads scheduled a convoy to pass by every major hospital and disrupt access. The organizers seem to believe doctors and nurses are in on the conspiracy. The hospital workers were advised not to wear scrubs in public lest they be harassed or attacked. I’m happy that Vancouver bicyclists stepped in to block them. But they wandered aimlessly around my neighborhood, and I have friends who’ve been harassed on the street for wearing masks.

It’s very tempting to let the state fuck these assholes up.

But I’ve been involved in a lot of protests and I expect these emergency powers to be used against more admirable causes next.

If you actually care about limiting the powers of the state, the answer is not to clutch your fucking crypto even harder. As already noted, the government can act against financial institutions and laundered coins and assets will be tracked.

Do something useful like donate to civil liberties associations, such as the CCLA, which has taken a stance against abuses of emergency powers and will bring a suit against the Canadian government.

https://ccla.org/press-release/ccla-calls-for-revocation-of-...

Re: I was wrong, we need crypto

#238

Earlier quoted context omitted.

People donate to a protest when they believe what they stand for, like being against mandatory vaccination, not when they made sure that every protester is following the law Besides how can a peaceful protest be unlawful? I hear that in China when protests are "unlawful" when they disagree with the great leader

There was a court case that settled this if you're curious to learn more. [1] Not only did they rule it unlawful, they gave the truckers a few hours after the ruling came down to vacate the area before it went into effect. They have been given every opportunity. They decided that rather than following the lawful orders of the court, they would simply continue their occupation. This isn't a protest, it's an unlawful o…

"The injunction was filed by the city of Windsor and the Automotive Parts Manufacturers' Association, which argued that they were losing as much as $50m ($39m; £29m) per day because of the convoy"

Really? A protest deemed illegal because some company is loosing money? That's one of the points of peaceful protest, making non violent pressure where possible. If there was no more food and they were blocking it I could understand, but this is just keeps getting more ridiculous. Please call in the emergency act used only 3 times in the past, 2 of them world wars

BLM protests caused billions in damages, fire, looting, vandalism... And Trudeau supported it

And peaceful protesters were harassed by police in other locations

Re: I was wrong, we need crypto

#239

Earlier quoted context omitted.

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")?

> 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? That's what central banks do, and a lot of cryptocurrencies. It's very very hard to do though with Bitcoin.

That's what central banks do, and a lot of cryptocurrencies.

Yes, so crypto is just like fiat but without regulations or safe guards or insurance.

It's very very hard to do though with Bitcoin.

It's hard to manipulate the quantity of bitcoin --- not so hard to manipulate the price of bitcoin.

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