The Bitcoin/Crypto Thread
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@aqua-letifer said in The Bitcoin/Crypto Thread:
@xenon said in The Bitcoin/Crypto Thread:
If you like the way the Euro works or the way the gold standard works, you'll like the way crypto works. It's like those, but even moreso.
That sounds so ridiculous.
I'm taking your word for it, but it sounds like you're saying, "crypto's great! It's like money, but better!"Well - I personally don't like the way the Euro works or the gold standard.
But essentially - you're turning a currency more into a "force of nature" - people have less control over it.
What I'm saying is that crypto takes away even more control from humans.
I think the guy you linked was essentially saying the same thing.
Question is - do we want humans to control and have agency over their the currency?
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@aqua-letifer said in The Bitcoin/Crypto Thread:
@mik said in The Bitcoin/Crypto Thread:
@klaus said in The Bitcoin/Crypto Thread:
@aqua-letifer said in The Bitcoin/Crypto Thread:
Interesting thread.
I must say that that thread makes me like crypto more, not less.
I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.
Hell yes, bring it on!
What's not to like?
Ignoring this guy's histrionics, my thing is, it works in ways we haven't grappled with for any extended period, so there may be some pitfalls.
"What do you mean, Aqua, buying on margin is a great idea!"
My first experience to buying on margin was the richest guy in Springfield. He lost it all on margin calls. Maade a big impression on me.
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@xenon said in The Bitcoin/Crypto Thread:
Question is - do we want humans to control and have agency over their the currency?
Depends on the human.
Proud supporter of Plan 2525. Everything you think, do and say will be in the pill you took today.
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@doctor-phibes said in The Bitcoin/Crypto Thread:
@xenon said in The Bitcoin/Crypto Thread:
Question is - do we want humans to control and have agency over their the currency?
Depends on the human.
Under my control is the best, of course.
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@axtremus said in The Bitcoin/Crypto Thread:
@copper said in The Bitcoin/Crypto Thread:
Money makes you stupid
Say, how much money does Donald Trump have?
About 1/20 that of Michael Bloomberg.
https://en.wikipedia.org/wiki/List_of_richest_American_politicians
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@george-k said in The Bitcoin/Crypto Thread:
@axtremus said in The Bitcoin/Crypto Thread:
@copper said in The Bitcoin/Crypto Thread:
Money makes you stupid
Say, how much money does Donald Trump have?
About 1/20 that of Michael Bloomberg.
https://en.wikipedia.org/wiki/List_of_richest_American_politicians
Fun facts:
- Michael Bloomberg was born into less money than Donald Trump was.
- Since signing The Giving Pledge, Bloomberg has given to philanthropic causes more than 3x Trump’s net worth in monetary terms.
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So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
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@axtremus said in The Bitcoin/Crypto Thread:
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
This is just a way to circumvent laws you don’t agree with.
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@xenon said in The Bitcoin/Crypto Thread:
@axtremus said in The Bitcoin/Crypto Thread:
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
This is just a way to circumvent laws you don’t agree with.
They aren’t laws. It’s private companies like PayPal saying no thanks…
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@lufins-dad said in The Bitcoin/Crypto Thread:
@xenon said in The Bitcoin/Crypto Thread:
@axtremus said in The Bitcoin/Crypto Thread:
So ... how is everybody's crypto investments doing?
Just came across this:
https://www.cnbc.com/2022/02/05/bitcoin-a-lifeline-for-sex-workers-like-ex-nurse-making-1point3-million.htmlA good, practical use case for cryptocurrency? You be the judge.
This is just a way to circumvent laws you don’t agree with.
They aren’t laws. It’s private companies like PayPal saying no thanks…
This is a vague statement from the article, but it seems like PayPal and venmo didn’t want to be part of sex work transactions.
Knox describes herself as “one of the most outspoken sex workers, particularly for crypto.” Her interest kicked off in 2014, which is when she says several vendors, including PayPal, Square Cash, and Venmo, shut down her accounts because of red flags related to sex work.
Knox describes herself as “one of the most outspoken sex workers, particularly for crypto.” Her interest kicked off in 2014, which is when she says several vendors, including PayPal, Square Cash, and Venmo, shut down her accounts because of red flags related to sex work.
I’m guessing that’s a legal and moral decision.
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Another use case for cryptocurrency.
North Korea: Missile programme funded through stolen crypto, UN report says
https://www.bbc.co.uk/news/world-asia-60281129 -
@axtremus said in The Bitcoin/Crypto Thread:
Another use case for cryptocurrency.
North Korea: Missile programme funded through stolen crypto, UN report says
https://www.bbc.co.uk/news/world-asia-60281129If you don’t have ethical qualms about it - the crypto scene is one big bug bounty right now.
Lots of money to be made exploiting weak code.
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https://www.vox.com/the-goods/22922511/crypto-nfts-sports-betting-money-hobby
Money as a hobby.
"Why (mostly) 20- and 30-something dudes made crypto and sports betting their personality."
The wealth gap among holders of bitcoin is 100 times worse than the US economy: the top 0.01 percent control 27 percent of the 19 million bitcoin currently in circulation.
Not surprised, though probably the first time I see the crypto "wealth gap" called out.
