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All-White Town’s Divisive Experiment With Cryptocurrency

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Re: All-White Town’s Divisive Experiment With Cryptocurrency

#11

Post by macspoofing »

JamesBarney wrote: post #5
atomical wrote: post #2

> Commerce would continue, with state-backed currencies swapped for crypto alternatives that float freely on an open market. I'm assuming this means a stable coin? Has anyone figured out how to verify the backing on a blockchain? If that was possible Tether's fraud would have been exposed sooner. Also, why is Facebook's new currency rumored to be backed by multiple currencies? That seems like it would add volatility…

> Has anyone figured out how to verify the backing on a blockchain? If that was possible Tether's fraud would have been exposed sooner. And this is always the problem with block chain. You can't cryptographically verify real life things that people care about like how much money is in someone's bank account.

>And this is always the problem with block chain. You can't cryptographically verify real life things that people care about like how much money is in someone's bank account.

There are a lot of problems with applying blockchain to solve real problems. This one is not one of the problems. What this is is people using the blockchain for things it was not designed to do.

Re: All-White Town’s Divisive Experiment With Cryptocurrency

#12

Post by JadeNB »

KorematsuFred wrote: post #8

"all white" in South Africa is a minority struggling against majority. They can't be "far right". Far Right means nativists which in South Africa continues to be black people and not white.

> "all white" in South Africa is a minority struggling against majority. They can't be "far right". Far Right means nativists which in South Africa continues to be black people and not white.

I don't think that most people understand 'far right' in that way. For example, are you saying that someone whose political philosophy hasn't changed, but who moves from one place to another, might go from being far-right to not, or vice versa?

Re: All-White Town’s Divisive Experiment With Cryptocurrency

#13

Post by dopamean »

empath75 wrote: post #6
whatshisface wrote: post #4

Since the article keeps bringing up that everyone involved is "all white," i.e. a 10% minority in SA, that probably means that they won't be able to keep a good relationship with the SA government if it collapses and they'll probably end up with the military stealing all of their stuff. Too bad they can't immigrate to America, they are clearly smart and entrepreneurial. Unfortunately collapsing states tend to turn on…

They’d have been sued out of existence in America because of housing discrimination laws.

As is appropriate.

Re: All-White Town’s Divisive Experiment With Cryptocurrency

#14

Post by Covzire »

ralusek wrote: post #3

Racial discrimination aside, it gives me hope to see liberal/libertarian ideals holding against the ever expanding state in almost every country on Earth. Liberty and self determination are dying virtues, and people don't know what it is they're giving up so willingly.

Was any actual racial discrimination cited?

Re: All-White Town’s Divisive Experiment With Cryptocurrency

#15

Post by krapp »

empath75 wrote: post #9
ralusek wrote: post #3

Racial discrimination aside, it gives me hope to see liberal/libertarian ideals holding against the ever expanding state in almost every country on Earth. Liberty and self determination are dying virtues, and people don't know what it is they're giving up so willingly.

[flagged]

They're libertarian because they oppose dependence on a state and its authority. Nothing else is needed, certainly not a particular moral alignment.

Re: All-White Town’s Divisive Experiment With Cryptocurrency

#16

Post by dopamean »

KorematsuFred wrote: post #8

"all white" in South Africa is a minority struggling against majority. They can't be "far right". Far Right means nativists which in South Africa continues to be black people and not white.

Their quarrel is with the government not the black majority. There are plenty of black South Africans struggling in that system as well.

Re: All-White Town’s Divisive Experiment With Cryptocurrency

#17

Post by erobbins »

krapp wrote: post #15
empath75 wrote: post #9

Earlier quoted context omitted.

[flagged]

They're libertarian because they oppose dependence on a state and its authority. Nothing else is needed, certainly not a particular moral alignment.

They oppose dependence on a black majority state. They were a-ok with whites running everything under apartheid.

Re: All-White Town’s Divisive Experiment With Cryptocurrency

#18

Post by jquery »

erobbins wrote: post #17
krapp wrote: post #15

Earlier quoted context omitted.

They're libertarian because they oppose dependence on a state and its authority. Nothing else is needed, certainly not a particular moral alignment.

They oppose dependence on a black majority state. They were a-ok with whites running everything under apartheid.

I wouldn't trust a state that's threatening taking to take land without compensation. A state that's electing leaders who sing "Kill the [insert your racial identity]". Would you? Whether or not they were a-ok with a different state doesn't matter, should they be punished for that? What about their children?

Re: All-White Town’s Divisive Experiment With Cryptocurrency

#19

Post by krapp »

erobbins wrote: post #17
krapp wrote: post #15

Earlier quoted context omitted.

They're libertarian because they oppose dependence on a state and its authority. Nothing else is needed, certainly not a particular moral alignment.

They oppose dependence on a black majority state. They were a-ok with whites running everything under apartheid.

Subscribing to a political ideology for selfish or hypocritical reasons is hardly rare. I suspect there would be few libertarians left in the world if their motives had to be pure. Most just want to not pay taxes.

Re: All-White Town’s Divisive Experiment With Cryptocurrency

#20

Post by erobbins »

jquery wrote: post #18
erobbins wrote: post #17

Earlier quoted context omitted.

They oppose dependence on a black majority state. They were a-ok with whites running everything under apartheid.

I wouldn't trust a state that's threatening taking to take land without compensation. A state that's electing leaders who sing "Kill the [insert your racial identity]". Would you? Whether or not they were a-ok with a different state doesn't matter, should they be punished for that? What about their children?

No I certainly would not. They didn't mind when the tables were turned though, is my point.
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