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Blockchain is not only crappy technology but a bad vision for the future

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Re: Blockchain is not only crappy technology but a bad vision for the future

#201

Earlier quoted context omitted.

Ransomware would be eliminated if we just banned computers and made the internet illegal.

I find it strange that so many cryto people get so emotional when such comments are made. It makes it rather difficult to have an actual discussion on the issues.

You'd get emotional too, if somebody started calling out the pyramid scheme you out your money in.

Re: Blockchain is not only crappy technology but a bad vision for the future

#202
post #13

"The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve." - Satoshi Nakamoto - 1721 Mississippi…

Isn't the answer to Nakamoto's quote _more_ regulation instead of no regulation?

Yes, but the crypto crowd stems from the libertarian scene, which is averse to regulation in any form.

It's a political stance first, the technological "solution" is selected just because it fits the ideology.

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