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Money corrupts; bitcoin corrupts absolutely

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Re: Money corrupts; bitcoin corrupts absolutely

#61

Post by seibelj »

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…

Nano literally just got taken down by a ddos because it’s network cannot handle spam https://www.coindesk.com/nanos-network-flooded-spam-nodes-ou...

Bitcoin never goes down

Re: Money corrupts; bitcoin corrupts absolutely

#62

Post by wturner »

stormqloud wrote: post #6
wturner wrote: post #2

"Relieving humans from having to worry about or deal with money would be an actual Copernican revolution. How that would work is beyond me, but that's precisely why it would be revolutionary." This

It's called communism and everytime it's tried it ends in genocide and hundreds of millions murdered.

It exist in granular form in government safety nets, universal healthcare and a handful of other policies in some parts of the world. it also exists in various disjointed pockets of the human experience outside of any easily identified ideological framework. Beyond those tools, it's not called anything because it doesn't exist in totality.

Re: Money corrupts; bitcoin corrupts absolutely

#63

Post by fallingknife »

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 is definitely why I'm in it. I love gambling!

Re: Money corrupts; bitcoin corrupts absolutely

#64

Post by u678u »

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…

Have fun staying poor!

I hate that expression so much.

Re: Money corrupts; bitcoin corrupts absolutely

#66

Post by nprz »

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.

Admittedly I got in from a greed perspective, but as I read more about the philosophy of bitcoin I stayed for a distributed, censorship-proof currency. Why do I need permission from a central authority to send and receive money? Why do we allow credit cards to invade our privacy and observe our purchasing history? Why store my wealth in fiat that's guaranteed to lose at least 2% of its value every year? It's way out of that system.

Re: Money corrupts; bitcoin corrupts absolutely

#67

Post by matheusmoreira »

zepto wrote: post #59
matheusmoreira wrote: post #32

Earlier quoted context omitted.

Why even be part of these communities? It's possible to buy cryptocurrency and avoid all the hype and negativity.

The point of a currency is to enable a society . A frequent claim about cryptocurrencies is that they can enable a better society than fiat. The proof is in the pudding.

I don't see how not participating in cryptocurrency communities prevents you from transacting with anyone else.

Re: Money corrupts; bitcoin corrupts absolutely

#68

Post by ur-whale »

DaniloDias wrote: post #24

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…

https://www.google.com/search?q=old+man+yells+at+bitcoin

Re: Money corrupts; bitcoin corrupts absolutely

#69

Post by zepto »

DaniloDias wrote: post #24

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…

Or Bitcoin could just be an energy wasting failure that distracts people from building important things.

Will money evolve? Certainly.

Does Bitcoin have a future beyond a bubble? We don’t know.

Re: Money corrupts; bitcoin corrupts absolutely

#70

Post by randomsearch »

matheusmoreira wrote: post #14

> Have I been salty? Definitely. There's no point in denying that. I could've purchased a home had I been in a coma until now. That about sums it all up. I too watched the rise of bitcoin and was too lazy to mine some on my own computer. I have screenshots of people buying pizza for like 20 BTC. All we had to do was buy some. We can still do it. > If I'd have deserved it is something else. Does it matter if you "dese…

Tyranny that way leads.
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