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Casa Client Case Study: The Tinder Trap

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201–210 of 211 posts

Re: Casa Client Case Study: The Tinder Trap

#201

Earlier quoted context omitted.

Yeah, it's the price of that. And that price is ridiculously, stupendously high. Much, much, much too high. It is in no way worth that price.

Maybe, for you. Probably you're lucky to live in a country that doesn't abuse its financial system. But others pay this price gladly, because bitcoin provides clear and undisputable value for them.

Not for me. For the entire world. It is the entire planet that is paying the price. And the price is utterly overwhelmingly large, and you are forcing them to pay this price while getting nothing in return.

Re: Casa Client Case Study: The Tinder Trap

#202

Earlier quoted context omitted.

People tried ransomware before cryptocurrencies. Payouts were minuscule compared to what cryptocurrencies are now enabling. And no, it is not at all similar to free speech. Cryptocurrencies do massive harm - to the environment, to innocent people losing their money to scammers and frauds, and to the entire economy through enabling ransomware - and tiny, tiny amounts of good, which dwindle in comparison to the harm.

> Payouts were minuscule compared to what cryptocurrencies are now enabling I see arguments of this form everywhere: Law-abiding, tax-paying, responsible citizens use Tool X for legitimate purposes. Criminals also use Tool X for crimes. Therefore, we should ban Tool X. Tool X = {cryptocurrency, encryption, firearms, drugs, etc.} Tools that have legitimate uses should not be prohibited to law-abiding citizens. Absolut…

Bitcoin hurts many, many people who never use it. Everyone who uses Bitcoin is contributing to this harm.

Re: Casa Client Case Study: The Tinder Trap

#203

Earlier quoted context omitted.

Maybe, for you. Probably you're lucky to live in a country that doesn't abuse its financial system. But others pay this price gladly, because bitcoin provides clear and undisputable value for them.

Not for me. For the entire world. It is the entire planet that is paying the price. And the price is utterly overwhelmingly large, and you are forcing them to pay this price while getting nothing in return.

I just love this rethoric, 'overwhelmingly large', without specifics.

If it is not worth the price for you, nobody is forcing you to pay it.

Those that do, buy electric power from energy companies at the commercial rate. If you what to forbid people using bought power as they see fit, I suggest you start with yourself: do not use electricity, stop eating meat, stop traveling, stop using any items produced with electricity or burning trees.

Re: Casa Client Case Study: The Tinder Trap

#204

Earlier quoted context omitted.

Not for me. For the entire world. It is the entire planet that is paying the price. And the price is utterly overwhelmingly large, and you are forcing them to pay this price while getting nothing in return.

I just love this rethoric, 'overwhelmingly large', without specifics. If it is not worth the price for you , nobody is forcing you to pay it. Those that do, buy electric power from energy companies at the commercial rate. If you what to forbid people using bought power as they see fit, I suggest you start with yourself: do not use electricity, stop eating meat, stop traveling, stop using any items produced with elect…

I am literally forced to pay it. I am living on this planet, and Bitcoin is helping destroy it. I can not opt out of paying this price. You are literally forcing me to pay it.

Re: Casa Client Case Study: The Tinder Trap

#205

Earlier quoted context omitted.

I just love this rethoric, 'overwhelmingly large', without specifics. If it is not worth the price for you , nobody is forcing you to pay it. Those that do, buy electric power from energy companies at the commercial rate. If you what to forbid people using bought power as they see fit, I suggest you start with yourself: do not use electricity, stop eating meat, stop traveling, stop using any items produced with elect…

I am literally forced to pay it. I am living on this planet, and Bitcoin is helping destroy it. I can not opt out of paying this price. You are literally forcing me to pay it.

So, you are not going to start with yourself in saving the planet? These hypocrites always want others to do as they like...

Re: Casa Client Case Study: The Tinder Trap

#206

Earlier quoted context omitted.

I am literally forced to pay it. I am living on this planet, and Bitcoin is helping destroy it. I can not opt out of paying this price. You are literally forcing me to pay it.

So, you are not going to start with yourself in saving the planet? These hypocrites always want others to do as they like...

I am not using 0.1% of all the energy on the planet.

Bitcoin is.

Re: Casa Client Case Study: The Tinder Trap

#207

Earlier quoted context omitted.

So, you are not going to start with yourself in saving the planet? These hypocrites always want others to do as they like...

I am not using 0.1% of all the energy on the planet. Bitcoin is.

Millions of people using bitcoin do use .1% of world's energy. I'm quite sure their other energy uses dwarf the power used for their transactions with a significant margin.

Re: Casa Client Case Study: The Tinder Trap

#208

Earlier quoted context omitted.

I am not using 0.1% of all the energy on the planet. Bitcoin is.

Millions of people using bitcoin do use .1% of world's energy. I'm quite sure their other energy uses dwarf the power used for their transactions with a significant margin.

You may be sure about that, but you're also completely wrong.

Re: Casa Client Case Study: The Tinder Trap

#209

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

As a person living in an authoritarian state, the inability of the government or other authority to reverse a payment looks like a very attractive feature to me. Yes, it does have downsides. They just don't look as troublesome as being completely cut off all financial services with a simple stroke of a pen - which was experienced by many members of political opposition in my country. "... but but Drugs! Criminals!" i…

Some things are near incomprehensible to us in the West.

One was what happened in Lebanon after the port explosion. An Australian who had married a Lebanese wife and moved to Lebanon reported the couple had decided the move was a bad idea, and were saving for a relocation back to Australia. Then the explosion happened, and the government literally ran out of money. The solution was apparently to raid the citizens savings accounts. From https://www.aa.com.tr/en/economy/lebanese-cannot-access-mone... :

> As a result of monetary policies implemented by central bank Governor Riad Salameh, people are currently unable to withdraw money even from local currency accounts, she added.

I don't know if their savings were permanently taken or merely "borrowed" for a while, but in any case the move to Australia was taken off the table when it looked most desirable.

In that scenario, the non-reversibility of Bitcoin transactions looks real attractive. I think it is fair to say crypto currencies look most attractive when the traditional trust networks we humans have crafted out of out of bankers, institutions and laws break down. While the crypto currencies have their weaknesses - the 51% attack is very real and the power consumption of Argentina can seem over the top, they provide a very concrete, measurable level of trustworthiness. You know what it will take to break it. The soft human trust networks can and do break in a myriad of ways, so often we given them a name - "black swan events".

Re: Casa Client Case Study: The Tinder Trap

#210

Earlier quoted context omitted.

As a person living in an authoritarian state, the inability of the government or other authority to reverse a payment looks like a very attractive feature to me. Yes, it does have downsides. They just don't look as troublesome as being completely cut off all financial services with a simple stroke of a pen - which was experienced by many members of political opposition in my country. "... but but Drugs! Criminals!" i…

Some things are near incomprehensible to us in the West. One was what happened in Lebanon after the port explosion. An Australian who had married a Lebanese wife and moved to Lebanon reported the couple had decided the move was a bad idea, and were saving for a relocation back to Australia. Then the explosion happened, and the government literally ran out of money. The solution was apparently to raid the citizens sav…

A haircut on savings accounts is comprehensible. It happened in Cyprus during the GFC. Inflation and/or negative interest rates (like in Europe) can also be viewed as a slow bleed on savings that are not invested in hard assets.
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