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Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

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Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#21
post #14

I find this somewhat hypocritical given his support of crypto.

Funny enough despite my burning hatred of everything cryptocurrency Snowden has been my go-to counter-argument whenever someone brings up the wonderful "solution" that cryptocurrencies promise to be to zero-trust environments:

"Are you Edward Snowden or in a societal position comparable to that of Edward Snowden? No? Then society probably isn't quite dysfunctional enough for you yet to justify going to these algorithmic extremes."

Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#22
post #19

Earlier quoted context omitted.

Yes, it has other potential uses than Ponzi scheme. However, when it’s advertised as a probable positive ROI it comes from being a ponzi. If that’s not accurate enough, one could then say that it’s remarkably ponzi-esque.

Unless Snowden has advocated for crypto as an investment I don't see how he is being hypocritical. Has he?

Id claim some hypocrisy in that one shouldn’t advise crypto while disavowing a Ponzi scheme as both result in monetary losses and are supported by aggressively false advertising and new entrants.

Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#24
post #14

I find this somewhat hypocritical given his support of crypto.

Funny enough despite my burning hatred of everything cryptocurrency Snowden has been my go-to counter-argument whenever someone brings up the wonderful "solution" that cryptocurrencies promise to be to zero-trust environments: "Are you Edward Snowden or in a societal position comparable to that of Edward Snowden? No? Then society probably isn't quite dysfunctional enough for you yet to justify going to these algorith…

You're pulling the classic "I've got nothing to hide, therefore I don't need privacy"

Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#25
post #24

Earlier quoted context omitted.

Funny enough despite my burning hatred of everything cryptocurrency Snowden has been my go-to counter-argument whenever someone brings up the wonderful "solution" that cryptocurrencies promise to be to zero-trust environments: "Are you Edward Snowden or in a societal position comparable to that of Edward Snowden? No? Then society probably isn't quite dysfunctional enough for you yet to justify going to these algorith…

You're pulling the classic "I've got nothing to hide, therefore I don't need privacy"

The utterly extreme zero-trust proof-of-work crypto algorithms that have been significantly contributing to climate change over the last decade are not necessary to achieve privacy, and most of the time not even used to achieve it either.

Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#27

I would love to understand the working of a mind who believes that Snowden would promote their ponzi scheme.

The Ponzi scheme person might have believed that Snowden was a Russian intelligence asset and not a whistleblower. In which case they thought Snowden would have gone along with the scheme for self enrichment. But they were wrong.

> person might have believed that Snowden was a Russian intelligence asset

I guess the question is how someone might be delusional enough to believe that.

Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#28
post #24

Earlier quoted context omitted.

You're pulling the classic "I've got nothing to hide, therefore I don't need privacy"

The utterly extreme zero-trust proof-of-work crypto algorithms that have been significantly contributing to climate change over the last decade are not necessary to achieve privacy, and most of the time not even used to achieve it either.

Significantly contributing to climate change? Nonsense. The US petrodollar has single handedly caused climate change. The greed of the upper class and their alignment with the middle east has caused climate change.

How anyone could believe a digital token of value, a keypair, and voluntary usage of energy to participate in a decentralized network could possibly be a major contributing factor in climate change, while shipping barges and oil rigs are in full operation, is beyond me. A part of me wish I was capable of such levels of delusion.

Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#29
post #14

I find this somewhat hypocritical given his support of crypto.

crypto isn't a ponzi scheme inherently and allows for in his case dissidents cut off from financial networks to actually function.

> crypto isn't a ponzi scheme...

That's inaccurate.

Most fiat currencies today are characterized with the same elements as those of ponzi schemes, its slower over time, but nevertheless it is the same elements with the central bank printing money from nothing.

Crypto can be suborned into any existing ponzi scheme easily by allowing exchanges of these fiat assets and leverage from any of those fiat systems.

Those crypto systems which have ballooned as a result of that would then accurately and appropriately be considered ponzi schemes, even though its just a small leg of the entire ponzi scheme.

There is no effective way for an individual to tell inflows and outflows from the system, and any financial banker is aware of frauds that can create the illusion of price action through the use of leverage, and collusive wash-sale contracts (similar to options). That is how gold and metals commodities are largely suppressed.

Without visibility, those frauds don't come to light, but visibility is a tradeoff when it comes to privacy, especially in 0 trust environments.

Edit: If you are going to downvote, at least do the courtesy of explaining why. If you do not, it simply looks like some brainless person using a bot is trying to censor people, and any intelligent reader will see that for what it actually is. Put another way, use your words, or look like a shill.

Re: Edward Snowden invited to promote a Ponzi Scheme and exposes founder instead (2021)

#30
post #24

Earlier quoted context omitted.

Funny enough despite my burning hatred of everything cryptocurrency Snowden has been my go-to counter-argument whenever someone brings up the wonderful "solution" that cryptocurrencies promise to be to zero-trust environments: "Are you Edward Snowden or in a societal position comparable to that of Edward Snowden? No? Then society probably isn't quite dysfunctional enough for you yet to justify going to these algorith…

You're pulling the classic "I've got nothing to hide, therefore I don't need privacy"

Hey now, I like turning that on its head: what's going on with proprietary software? What wrong is it doing that it needs to hide?
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