491–500 of 734 posts
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Because artists haven't generally backed themselves by weaponized ASICs and a very unhealthy social scene of greed and deception (not to mention pollution)
What are weaponized ASICs?
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If the government told you you're not a person, would that hold? To me you're saying nothing's money unless the government says it is. In my community there's a whole ecosystem of people trading goods and services in Bitcoin, silver, and Monero.
> If the government told you you're not a person, would that hold? Governments have always had the ability to dictate who is a citizen and who isn't. Someone born in Angola is not protected by or subject to the US Constitution. > To me your saying nothing's money unless the government says it is. Now you're learning! Granted in a democracy the people have a say in what governments do, so if you convince enough people…
One can dream
> 2. An epic tax-evasion crackdown that will make the conviction of Al Capone look like a Cub Scout picnic.
Monero FTW.
Your response to governments dictating who's a person:
> Governments have always had the ability to dictate who is a citizen and who isn't.
You're saying a non-citizen isn't a person? I find all your viewpoints defeatist. Maybe that or you still side with governments worldwide? If so, fine, but I don't.
> Granted in a democracy the people have a say in what governments do
Do they though? In America, from a purely signals and systems perspective, my choice comes down to red or blue (1 or 0) on a number of representatives and measures I do get to vote on--that's ignoring possibly corrupt voting.
In the myriad of complicated laws that are passed, and even wars that are fought, I don't get more say than a binary choice on abstractions (representatives)? In what way is that government ruled by the people!?
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I would characterize this situation (of crypto helping perform fast transfers) as a very temporary "advantage" that would almost certainly disappear over time. For one thing, this advantage over the national bank, is during a WAR. Assuming the war disrupts the national bank, yet over the long term will not also disrupt all the infrastructure that bitcoin needs (cheap high speed computing, available networking, reliab…
In the case of Ukraine, yes, this is probably a temporary state of emergency. But on a global scale, there is always a disruption somewhere. Or as one google SRE put it (I couldn't find the exact quote) "on our scale, once-in-a-million events happen every day". And, for many people out there, crypto is still the fastest way to transfer money, and the situation is very much not temporary. It's just that they are not t…
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More like that's how democracies fail. Our current method of "fixing" failures of the state involves layering more and more legislation and regulation on top of the broken legislation and regulation. We do nothing to address the root causes of those failures because that would mean closing a lot of the loop holes that allow politicians to get rich by leveraging their positions aka corruption. Why else would we need b…
> Our current method of "fixing" failures of the state involves layering more and more legislation and regulation on top of the broken legislation and regulation. The UK is the perfect example. Hundreds of years of out-dated laws layered on top of each other to the point where nobody can tell what is law and what is a joke.
English law is the preferred basis for cross-border contracts and English courts are the preferred venue for litigation between entities from different jurisdictions. This is very well attested - e.g. first result from Google:
https://www.qlts.com/blog/why-english-law-governs-most-inter...
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> True, if I keep my assets in EUR and only convert them to BTC as needed. What?? The parent was talking about the lightning network... which is built on top of the bitcoin node network. > being unable to run a full node anymore Full node syncs & runs fine even on a raspi 3... it's slow... and you're not participating in mining... but it's running, and does what you would expect a node to do (validate, receive & broa…
> What?? The parent was talking about the lightning network... which is built on top of the bitcoin node network. Yes, but bitcoin is so volatile that you can’t keep money for daily usage in it. You can only use it as long-term investment or ultra-short-term wallet. The regular usage – storing money for somewhere between one and 30 days – is really painful with bitcoin.
Are you saying that keeping some amount of bitcoin tied up in a LN channel is painful?
Or are you saying that holding bitcoin for 1-30 days is "regular usage" ?
Also, you completely ignored the point about running a node.
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> via legislation (we've done that before). it would be helpful to me if you could cite an example. i don't actually think this is true.
are you asking for examples of things that were outlawed?
If you believe that Bitcoin is better money, then you also realize that we need just one Bitcoin. In this world view, every copy-cat project doesn't serve any purpose, other than making their founders and early investors rich.
Bitcoin toxicity stems from this mindset. Bitcoiners are anti-crypto. There has been so many broken promises, and so much lost money from newbies, that it's better to just defend toxically against every crypto project, rather trying to go through their arguments and trying to rationally invalidate them. You can safely assume that everything in crypto is a scam.
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In addition to that I would add it needs to be a real store of value. Over any moderate timescale (a few years, say), it should reasonably maintain its value over that period. Swings of 40% purchasing power are unacceptable for a useful currency. Sure, bitcoin maximalists love to point out that if you bought it a year ago, it's up XXX%. But what if I bought near its high value? Not so good a proposition then.
Is the money in your bank account a real store of value? Do you not notice what’s been happening to it at an accelerated pace over the last 30 years? I’m not arguing for bitcoin either way. But I implore you to take a hard look at your definition of real value in a system with inherent inflation that forces you to speculate in order to preserve any “real value.”
This ^^^
Right now, if you're willing to buy in decent quantity you can still get 90% constitutional silver at only $28.64/$1 face value.
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> It's not only being used by the corruption, it is itself rotten. And neither does some of it look nice on walls. So is the contemporary art world. The contemporary art world is vastly polluting as well. How much GHG do you think is generated to run a museum, or warehouse, transport aircraft, ect, filled with bad contemporary art?
This is a wild argument. You're comparing apples and anteaters. No-one is proposing that contemporary art is some sort of technological breakthrough that will completely revamp society, make everyone rich and change finance for the rest of time. (Also, I'm sorry, but I do NOT believe that contemporary art consume even a tiny fraction of the power that cryptocurrencies do when nearly all of it sits in a handful of war…
"How can we create a more equitable financial system, where everyone has access to banking services?" The same as national health insurance. You make a law that everyone must be served by the banks. Easy.
See: https://europa.eu/youreurope/citizens/consumers/financial-pr...