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Why should any private entity or group or technologists seek to control money? Money is the most important instrument in a society and must be under societal co
by throw2016 10y ago
Why should any private entity or group or technologists seek to control money? Money is the most important instrument in a society and must be under societal control operating within the proper framework of systems, accountability and rule of law.
Given that bitcoin origins and management is completely nebulous and its proponents deceptively promoted and continue to promote it as some freedom libertarian thing when its closely controlled and in the end simply a way for early adopters to cash out.
Early and greed fuelled adopters incessantly moan about a flawed banking and monetary system. Even if we accept their criticisms at face value how is it reasonable to then turn around and promote a 'solution' that has zero accountability to anyone and based on a inefficient system that shamelessly wastes electricity? This seems disingenious and self serving.