301–310 of 518 posts
I am glad to see the cyberpunk future of hackers impersonating government agencies in order to pump and dump digital currency has finally arrived.
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There is value in government agencies engaging with people where they are. Even the SEC gets some value out of promoting their activities, even if it's just awareness of their existence and function and corresponding public support. That said, now that the Fediverse exists, ideally all of those government agencies would self-host their accounts, either individually or via a server for many different agencies of the s…
SEC cannot run their own twitter account without being hacked, what makes you think they can securely run their own Mastodon instance?
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Apart from some edge cases, Western democracies have quite solid property rights upheld also by the judicial system. But yes if you’re in Russia or China then this argument is moot. They have much less property rights. However, Bitcoin is also not a solution because there is no point in owning Bitcoin if you fell trice out of a Russian window or are sentenced to a labour camp or to the death penalty in China for "fra…
Being a trucker in Canada is a edge case. Also being a human interacting with police in the US. Did you mean intellectual property? You draw Mickey a year ago and a FBI helicopter would soon be overhead to kill your dog and take any cash they find in your wallet.
They call it civil disobedience. People seem to forget part of civil disobedience is going to jail and paying a fine. That’s always been the deal.
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> it’s probably a great technology It really isn't. There's nothing legal it can do that something else can't do better. It's not even that good at the illegal stuff.
> nothing legal it can do that something else can't do better Eh, Treasuries should probably be traded on a blockchain. Crypto currency is nonsense. But the tech has legs. It just needs to, ironically, clear its way of the crypto/web3 crowd first.
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From this forum we shall organize the great retaking of “Web3” for the 3D paradigm it was always meant to be. It’s in the name!! It’s sad that blockchain went the way it did, because it’s probably a great technology when you don’t expect it to revolutionize the entire internet.
> it’s probably a great technology It really isn't. There's nothing legal it can do that something else can't do better. It's not even that good at the illegal stuff.
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I’ll admit it has been deeply entertaining watching the crypto community speed-run 200 years of “finding out the hard way why modern financial regulations exist” and “how to recognize a blisteringly obvious ponzi scheme” in the span of 15 years. I say this as someone who got his first 0.05 btc for signing up for a newsletter in 2009 or 2010.
0.05? You probably misremember the amount. For reference, in 2010 the Bitcoin faucet gave away 5 BTC just for visiting a web page. A decent incentive for subscribing to a newsletter, more involved than visiting a web page, would have to have been higher than 5 BTC.
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Being a trucker in Canada is a edge case. Also being a human interacting with police in the US. Did you mean intellectual property? You draw Mickey a year ago and a FBI helicopter would soon be overhead to kill your dog and take any cash they find in your wallet.
They were violating the law, and using the funds in the accounts to further the law breaking. They call it civil disobedience. People seem to forget part of civil disobedience is going to jail and paying a fine. That’s always been the deal.
If it was entirely painless, it would have a lot less effect I think.
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Bitcoin futures ETF's already exist - I'm not convinced that a spot price ETF is any huge breakthrough.
Futures ETFs own no Bitcoin. Spot ETFs would.
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People say this all the time, but why don't they say that about videogames? or actual mining? I also think access to and freedom to use electricity as you wish is really underrated as a freedom. Maybe consider that if you start this precedent people will end up policing your energy use too
Are you claiming that video games waste more electricity than crypto mining PoW? Do you have evidence to support that? It's a pretty strong claim, since most of the power being used to play a video game is doing something (rasterizing images/synthesizing audio/simulating physics in order to provide the game experience) while most of the power used to do PoW mining is Wasted On Purpose.
On the other hand, without the PoW mechanism of Bitcoin, it's impossible to have the properties that bitcoin has - global decentralised money and payment network. If you believe otherwise, make one! Very quickly no one will be willing to pay for Bitcoin, and all those "wasted electricity" will suddenly become available again.
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Apart from some edge cases, Western democracies have quite solid property rights upheld also by the judicial system. But yes if you’re in Russia or China then this argument is moot. They have much less property rights. However, Bitcoin is also not a solution because there is no point in owning Bitcoin if you fell trice out of a Russian window or are sentenced to a labour camp or to the death penalty in China for "fra…
Being a trucker in Canada is a edge case. Also being a human interacting with police in the US. Did you mean intellectual property? You draw Mickey a year ago and a FBI helicopter would soon be overhead to kill your dog and take any cash they find in your wallet.