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Money corrupts; bitcoin corrupts absolutely

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Re: Money corrupts; bitcoin corrupts absolutely

#21

Post by diob »

machinelabo wrote: post #3

We need to fix the loop holes. Money is also an amazing instrument that keeps us motivated. Without the lure of money and its power, we wouldn’t do anything. Startups? Why bother when there is no money involved. I really think if there was one thing we got right - that’s money as a civilization. What we need to do is fix the loop holes. That includes taxes, corporation as persons, the whole 2011 movement of Occupy Wa…

I think basic income solves it nicely. You still get the allure of money (folks want to make more), but they can also now focus on innovation and creative endeavors. It's a win win in my opinion.

Re: Money corrupts; bitcoin corrupts absolutely

#22

Post by rawtxapp »

gnrlst wrote: post #19

The community around Bitcoin is one of the most toxic. It's the main reason I haven't bought, and won't buy, any BTC (regardless of the fact I think the tech is completely subpar). Having said that, there's plenty of really great communities around crypto that shouldn't be pooled together along with Bitcoin. Nano, for example, is probably the most hated altcoin by Bitcoin maximalists (probably because they feel threa…

> The community around Bitcoin is one of the most toxic.

If you go on places like Twitter and reddit somewhat, I agree with you. But if you look on Github, you'll see some of the smartest engineers of our generation working real hard and I wouldn't discount their work based on some loud mouths on social networks.

Re: Money corrupts; bitcoin corrupts absolutely

#23

Post by WanderPanda »

peter422 wrote: post #17

I have thought about this with Bitcoin: if the protocol and potential capabilities are so interesting, why is 99% of the conversation related to Bitcoin about the current price. It does make me believe that greed is the predominant driver of most Bitcoin holders, which to me makes the whole concept a lot less principled than people pretend it is.

Greed until Gold market-cap, idealism afterwards

Re: Money corrupts; bitcoin corrupts absolutely

#24

Post by DaniloDias »

This is a weird, angry screed.

Op should read The Ascent of Money and maybe worry less about the moral failings of other humans.

Peace and trust cannot exist without currency. Money lubricates peaceful resolution of conflict.

If you need food and I have it, trade or violence are your only options if currency doesn’t exist.

Screaming at Bitcoin is like screaming at evolution. As long as humans evolve, money will keep pace.

Re: Money corrupts; bitcoin corrupts absolutely

#25

Post by timdaub »

peter422 wrote: post #17

I have thought about this with Bitcoin: if the protocol and potential capabilities are so interesting, why is 99% of the conversation related to Bitcoin about the current price. It does make me believe that greed is the predominant driver of most Bitcoin holders, which to me makes the whole concept a lot less principled than people pretend it is.

Actually, it's not. I tried to make a meaningful comment about building apps in this thread and it got downvoted... [1]

1: https://news.ycombinator.com/item?id=26448222

Re: Money corrupts; bitcoin corrupts absolutely

#28

Post by Franciscouzo »

machinelabo wrote: post #3

We need to fix the loop holes. Money is also an amazing instrument that keeps us motivated. Without the lure of money and its power, we wouldn’t do anything. Startups? Why bother when there is no money involved. I really think if there was one thing we got right - that’s money as a civilization. What we need to do is fix the loop holes. That includes taxes, corporation as persons, the whole 2011 movement of Occupy Wa…

How do you think people functioned before the invention of money?

Re: Money corrupts; bitcoin corrupts absolutely

#29

Post by rawtxapp »

peter422 wrote: post #17

I have thought about this with Bitcoin: if the protocol and potential capabilities are so interesting, why is 99% of the conversation related to Bitcoin about the current price. It does make me believe that greed is the predominant driver of most Bitcoin holders, which to me makes the whole concept a lot less principled than people pretend it is.

> why is 99% of the conversation related to Bitcoin about the current price.

Because of the circles you're in and the loud minority that's constantly talking about the price. There's a whole community of people just building stuff without wasting their time constantly arguing for price on social networks.

Re: Money corrupts; bitcoin corrupts absolutely

#30

Post by 8fGTBjZxBcHq »

seibelj wrote: post #13

> and lastly, it having a multitude of popular proponents with extreme viewpoints such as “animals have no rights”, or the right to bear arms which strikes me as vile, unethical, and borderline insane The right to bear arms is an extreme right wing viewpoint? This is quite the rant but the author is all over the map

Wealthy democracies have a fairly wide range of acceptable views and policy decisions about firearms but in almost all of them except the US "civilians should have nearly unrestricted access to personal weapons" is an extreme view yes.
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