Are non-US citizens allowed to sign?
EDIT: Looks like one of the signatures is from Tim Bray, I think he lives in Vancouver.
Tech experts urge Washington to resist crypto industry’s influence
81–90 of 218 posts
Re: Tech experts urge Washington to resist crypto industry’s influence
#82Earlier quoted context omitted.
Which propaganda videos would you prefer I watch? The Federal Reserve (by far the most important one) is privately owned, as are Belgium, Greece, Japan, South Africa, Switzerland, Turkey and the Bank of Italy. The ECB is owned by central banks of member states, some of which are privately owned. Private ownership is any case one issue, the other is the fact the CBs are structured in such a way to be resistant to poli…
> Which propaganda videos would you prefer I watch? This is a good start: https://youtu.be/sT1KoXayDNU
I'm familiar with Mosler and MMT.
MMT requires the government to raise taxes once inflation starts rising due to previous money printing.
What are governments doing now? They are actually thinking of handing out more money to people to offset the effects of inflation (thereby making the inflation worse).
In other words, MMT requires governments to always do the right thing, which they don't.
That's ignoring the theoretical underpinnings of MMT which are by no means unassailable.
Re: Tech experts urge Washington to resist crypto industry’s influence
#83Similarly, most public blockchain-based financial products are a disaster for financial privacy; the exceptions are a handful of emerging privacy-focused blockchain finance alternatives, and these are a gift to money-launderers. Damned if you do and damned if you don't. The existing, centralized electronic payment systems are a disaster for financial privacy, and it'll only get worse with CBDCs. If you try to make so…
>Damned if you do and damned if you don't.
Surely there is a middle ground between "every single transaction that has ever occurred in the history of the blockchain is public and visible to all" and "no transactions are ever visible to anyone including governments investigating crimes that have exercised due process in obtaining warrants and subpoenas".
Re: Tech experts urge Washington to resist crypto industry’s influence
#84Earlier quoted context omitted.
Quoted post unavailable.
And Bitcoin automagically fixes that? How? Due to it being a PoW system? Suddenly fraud is no longer possible? (It still is) Money laundering is no longer possible? (It still is) Inflation/Deflation save? (It still is) So tell me, what is crypto fixing? That instead of experts in the central bank the market itself just does what? Definitely nothing pro consumer. There are reasons why banks get requirements from the s…
I agree with the other poster. However, the assertion that modern central banks have been a failure and disaster for the societies they serve is independent from any conclusions about Bitcoin.
Re: Tech experts urge Washington to resist crypto industry’s influence
#85From: https://twitter.com/smdiehl/status/1531920908696358912 Today the global community of technologists sent a letter to Congress urging them to resist the crypto industry’s lobbying influence. The letter was signed by some of the most respected scholars and technologists in our field. And now we need your help. Crypto fraud is spiraling out of control. So-called "web3" is not going great. Regulators are paralyzed a…
You could replace “crypto” with “web” and it would make these statements equally broad and absurd.
Re: Tech experts urge Washington to resist crypto industry’s influence
#86Thrilled to see organized action on this front. For too long, the only voices in the room were there for hype. It's easy for those with critical views to just ignore it.
The skeptic voices are almost always as idiotic as the hype voices.
Re: Tech experts urge Washington to resist crypto industry’s influence
#87Similarly, most public blockchain-based financial products are a disaster for financial privacy; the exceptions are a handful of emerging privacy-focused blockchain finance alternatives, and these are a gift to money-launderers. Damned if you do and damned if you don't. The existing, centralized electronic payment systems are a disaster for financial privacy, and it'll only get worse with CBDCs. If you try to make so…
So you also believe that a crypto system is inherently better than what we have? Just because you believe money is printed as much as the dark secret super elite group wants it be printed? Ah yes the sseg. But yes we are still living in a democracy (a lot on hn at least) and the solution to all of these problems definitely are not getting solved by crypto. You as an avg joe you are much better off with our current fi…
Who says we all want to switch to crypto? Maybe we want the freedom to divide our personal savings any way we see fit.
Democracy is a nice value, but so are freedom and human rights. I expect to have the right to buy crypto or not.
Re: Tech experts urge Washington to resist crypto industry’s influence
#88Similarly, most public blockchain-based financial products are a disaster for financial privacy; the exceptions are a handful of emerging privacy-focused blockchain finance alternatives, and these are a gift to money-launderers. Damned if you do and damned if you don't. The existing, centralized electronic payment systems are a disaster for financial privacy, and it'll only get worse with CBDCs. If you try to make so…
Also, we reserve the right to dictate what you spend your money on and if you want to donate to causes (e.g. Wikileaks or truckers) that we don't approve of, we'll block your bank account and cut you off from the system. There are some things that are plain illegal. If you’re laundering money, selling illegal drugs, running guns, funding terrorist groups, etc you run the risk of getting caught and having your account…
> The government,” isn’t “printing money.”
It's certainly increasing the maximum potential supply in ways divorced from any market mechanism. They are central planners and they're failing hard like central planners did before.
Re: Tech experts urge Washington to resist crypto industry’s influence
#89Earlier quoted context omitted.
> But you can't just hand wave concerns regarding money laundering and other criminality away. If you want to, you should just say "these things don't matter that much", but don't just avoid them entirely. Actually you can. The war on "money laundering" is a total failure. Those laws costs billions of dollars in compliance, stifle competition, harm innocent people by excluding them from the financial system (estimate…
Trustworthy source you have: "The Cato Institute is a public policy research organization—or think tank—that creates a presence for and promotes libertarian ideas in policy debates." I'm totally against money laundering. It takes the money away from us people for streets, school and healthy care. And crypto is not providing any solution to this at all. So why not fixing that issue inside the crypto bro fan club first…
> I'm totally against money laundering. It takes the money away from us people for streets, school and healthy care.
I think you're confusing money laundering and tax evasion.
Re: Tech experts urge Washington to resist crypto industry’s influence
#90Earlier quoted context omitted.
I think, Because startup investment is regulated and not accessible to any average joe. Else, we'd be overrun with conmen trying to make a quick buck. Not that we have less of them now.
Is startup investing really regulated, or is it just your mom and dad and nobody else who have heard about your statup? - ”Dad, all I need is 10k loan” - ”I will give you the money, son. And I’ll see you in court if it doesn’t work out.”
Securities are regulated, snd startups which try to collect cash from the public become securities