Letter in Support of Responsible Crypto Policy
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Letter in Support of Responsible Crypto Policy
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Re: Letter in Support of Responsible Crypto Policy
#2I played a lot of chess as a kid. The story of Kasparov beating the pawn-of-the-regime Karpov was quite thrilling then. Strange twist that he became a pawn of ultra-capitalism - Peter Thiel, cryptocurrencies, NFTs [0], all under the guise of morality. Sad.
[0] https://www.euronews.com/culture/2021/12/14/garry-kasparov-l...
Re: Letter in Support of Responsible Crypto Policy
#3What's next? Letters in support by money launderers, drug cartels, online scammers, ransomware authors and pedophiles?
El Salvador made it a government policy to adopt Bitcoin as an official currency and it is not going too well - it remains a novelty used by just a few privileged individuals. As these technologies are not viable for everyday use, a country with unstable local currency will in reality start using USD or EUR based shadow banking instead of BTC/stablecoins. This is most recently evident in Turkey where people moved to EUR & USD after lira's collapse in late 2021.
Re: Letter in Support of Responsible Crypto Policy
#4I played a lot of chess as a kid. The story of Kasparov beating the pawn-of-the-regime Karpov was quite thrilling then. Strange twist that he became a pawn of ultra-capitalism - Peter Thiel, cryptocurrencies, NFTs [0], all under the guise of morality. Sad. [0] https://www.euronews.com/culture/2021/12/14/garry-kasparov-l...
Read the article looking for any mention of Peter Thiel, couldn't find one. Tried Ctrl+F for thiel, no results. Cryptocurrency isn't all about Peter Thiel. Plenty of people want to use NFTs to earn money for their art or other achievements, and plenty of people are doing it outside of energy-hungry platforms like Ethereum. What's immoral is to deny anyone that opportunity under the guise of morality. Yes, the typical hype projects like BAYC are garbage, but that shouldn't invalidate everything.
Re: Letter in Support of Responsible Crypto Policy
#5The problem is that any "legitimate" use case is negated many times over by all the illegitimate ones. It would be like saying let's legitimise terrorism because sometimes the terrorists might (just might) be freedom fighters, when in actual fact terrorism on the whole does way more harm than it does good. In the opening example, sure some money may have got through to Ukraine via cryptocurrency (although some was stolen by scammers pretending to be Ukraininans, and more much money was transferred more securely and efficiently through traditional means), but any good that did was completely undone many times over by Russia's use of cryptocurrency. Put politely, cryptocurrency is a net negative for our society and environment (by a considerable margin).
Re: Letter in Support of Responsible Crypto Policy
#6Cryptocurrency policy. Not encryption policy.
Yes, I’m still having this problem.
Re: Letter in Support of Responsible Crypto Policy
#7The problem is that any "legitimate" use case is negated many times over by all the illegitimate ones. It would be like saying let's legitimise terrorism because sometimes the terrorists might (just might) be freedom fighters, when in actual fact terrorism on the whole does way more harm than it does good. In the opening example, sure some money may have got through to Ukraine via cryptocurrency (although some was st…
There's a bigger picture: http://nonstructured.com/in-defense-of-web3/
Re: Letter in Support of Responsible Crypto Policy
#8What's next? Letters in support by money launderers, drug cartels, online scammers, ransomware authors and pedophiles? El Salvador made it a government policy to adopt Bitcoin as an official currency and it is not going too well - it remains a novelty used by just a few privileged individuals. As these technologies are not viable for everyday use, a country with unstable local currency will in reality start using USD…
Check Alex Gladstein(one of the writers)'s weblog and check some of his articles. Bitcoin is inherently a-political and inclusive; it doesn't know who is doing what with bitcoin at the protocol level. Yes, this allows scammers et al to do bad things, but it also makes financial inclusion possible for most of the people currently gatekept away from financial inclusion.
El Salvador is frontrunning, and acceptance isn't at the levels the government had hoped, but it is still early and most people will need time to learn to adjust and find out how everything works.
Re: Letter in Support of Responsible Crypto Policy
#9[deleted]
Re: Letter in Support of Responsible Crypto Policy
#10The problem is that any "legitimate" use case is negated many times over by all the illegitimate ones. It would be like saying let's legitimise terrorism because sometimes the terrorists might (just might) be freedom fighters, when in actual fact terrorism on the whole does way more harm than it does good. In the opening example, sure some money may have got through to Ukraine via cryptocurrency (although some was st…
Are there any resources to read about Russia's use of cryptocurrency during wartime? It seems purely hypothetical at this stage. I thought, like China, they would ultimately ban it to prevent civilians from easily exiting the Russian economy. (another legitimate use of cryptocurrency that is often overlooked)