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> But the blockchain community’s trumpeting of features they love without attention to the public goods that citizens actually value is dangerous for the future
by motohagiography 8y ago
> But the blockchain community’s trumpeting of features they love without attention to the public goods that citizens actually value is dangerous for the future of this technology.
Steinbeck's famous quip about Americans, "socialism never took hold in America because the poor see themselves not as an exploited proletariat, but as temporarily embarrassed millionaires," can be adapted for Canadians as something along the lines of, "libertarianism isn't plausible in Canada because the middle class see themselves not as minor property millionaires, but as a nation of deputy ministers and professors on sabbatical."
As a non-cryptocurrency holder, and non-libertarian, some critics take a a tone that I think prevents meaningful debate and discussion.
The strength of cryptocurrencies is that they facilitate capital flight, so regardless of their localized legality, so long as this use case is viable, they will have both liquidity and value. Arguments that they cannot exist if they do not provide an intrinsic mode of enforcement with appeals to "crime," are relative to jurisdiction.
Nobody would care if Putin, Mugabe, Maduro, or many other leaders complained something was being used for crime against their states. We'd probably even advocate it.
The argument of, "build something that facilitates the existing distribution of privileges among current coalitions or we will round you up for prison," is what many might call "on the wrong side of history."