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Long ago given up on cryptocurrency, at least as long as current technical problems exist. But that without government we'd devolve into "bitter, cruel chaos" i
by unknown_apostle 9y ago
Long ago given up on cryptocurrency, at least as long as current technical problems exist. But that without government we'd devolve into "bitter, cruel chaos" is definitely not a lesson. That's "not even wrong" level stuff.
- ianai 9y agoAlright, you want me and the majority of society to take cryptocurrency seriously? Find a way to disallow or at least police illicit uses of it. Until you do that, I refuse to even entertain the idea that it’s a valuable asset and certainly not currency. This is not a technical challenge I’m making. This is a political demand. You would also still have to prove it’s more efficient and has a smaller carbon and energy footprint than traditional currency.
- sokoloff 9y agoHave we effectively disallowed or policed the illicit use of $100 bills for drugs, weapons, or other trade? I agree with you that cryptocurrency is not currently particularly intrinsically useful, but I don't believe that "let everyone use it in a decentralized tamper-proof manner" fundamentally requires "and simultaneously restrict it from the following uses, which a subset of the global population deems undesirable". (In that regard, it's similar to "regular" crypto. I don't mind that people I don't particularly like are also able to use crypto to secure their communications. It's essential to my use case that they not be able to intercept my comms, and I accept in return that I can't intercept their comms either.)
- ianai 9y agoThere are genuine attempts made to police those uses. In the case of USD, the US enjoys being the default global currency. That bad actors also use it is more of a side note alongside everyone using it.