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On anti-crypto toxicity

blog.mollywhite.net

1–10 of 734 posts

Re: On anti-crypto toxicity

#2
Waaay back, I thought Bitcoin was a cool technology, and convinced some friends of mine with businesses to accept it. We had a lot of fun with it - it was really cool to pay for your beer by scanning a QR code and seeing the transaction come through this public, distributed, tamper proof ledger, like magic, with no need for money, banks or any of the other financial infrastructure we're used to.

Sadly, the "crypto space" was quickly invaded by hordes of people who never really cared about the technology itself, how it works and what it's actually useful for. (and what it's not useful for)

These people, who know nothing about it, and for years had dismissed it as a joke, suddenly began to talk about it very seriously as a very serious "investment" in self-proclaimed "expert" capacity.

You know the type of person I'm talking about! We've all seen them, and most of us can probably count one or two amongst our friends.

The potential for cool applications of blockchains is still there, but so far it seems to me cryptocurrency has mostly just been abused as a vehicle for crazy, baseless manias, and little to no meaningful application.

Re: On anti-crypto toxicity

#3
post #2

Waaay back, I thought Bitcoin was a cool technology, and convinced some friends of mine with businesses to accept it. We had a lot of fun with it - it was really cool to pay for your beer by scanning a QR code and seeing the transaction come through this public, distributed, tamper proof ledger, like magic, with no need for money, banks or any of the other financial infrastructure we're used to. Sadly, the "crypto sp…

Depends on the people you hang with.

I'm currently at devconnect in Amsterdam and it's full of people who care about tech.

Really nice a crowd and even a bit more diverse than the rest of IT.

Re: On anti-crypto toxicity

#4
Just here to say that besides the good points that the author makes in defense of Crypto, I also support wholeheartedly its right-libertarian roots, despite the negative connotation it receives in the article.

Re: On anti-crypto toxicity

#5
> Despite crypto’s unquestionably right-libertarian roots

I had trouble reading beyond that in the second sentences. You can’t just retroactively assign a political affiliation to the origin of an algorithm application.

Re: On anti-crypto toxicity

#7

Just here to say that besides the good points that the author makes in defense of Crypto, I also support wholeheartedly its right-libertarian roots, despite the negative connotation it receives in the article.

Ah yes. So that must mean everyone supporting it is ‘right wing’ then? It only is just a ‘libertarian’ creation.

I don’t know why one can try to assign a left/right political affiliation to a technology that is on neither side and can be used by anyone.

Everyone knows she is hilariously incorrect on that one.

Re: On anti-crypto toxicity

#8

> Despite crypto’s unquestionably right-libertarian roots I had trouble reading beyond that in the second sentences. You can’t just retroactively assign a political affiliation to the origin of an algorithm application.

To me it had leftist anarcho roots, but whatever floats their boat, I guess.

Re: On anti-crypto toxicity

#9
It's hard to have a charitable take on a huge majority of the cryptocurrency space when the web is drowning in all of the greedy bad actors that use the ideologies listed in this article as cover to push the grifts that inevitability harm my less technical friends and family.

Re: On anti-crypto toxicity

#10
post #7

Just here to say that besides the good points that the author makes in defense of Crypto, I also support wholeheartedly its right-libertarian roots, despite the negative connotation it receives in the article.

Ah yes. So that must mean everyone supporting it is ‘right wing’ then? It only is just a ‘libertarian’ creation. I don’t know why one can try to assign a left/right political affiliation to a technology that is on neither side and can be used by anyone. Everyone knows she is hilariously incorrect on that one.

I think that the widespread implementation of crypto would immediately make the world more complex and thus less susceptible to centralizing forces. This means that in order to get things done, society will have to rely more on self-organizing small groups of individuals.

In my view, less centralization is the at the bottom what libertarianism strives for, so it makes sense crypto is seeing as supporting it.

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