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No goalposts have moved. Banking system involves politics and military in securing your finances. It is therefore many orders of magnitude more expensive than b

No goalposts have moved. Banking system involves politics and military in securing your finances. It is therefore many orders of magnitude more expensive than bitcoin even if you normalize by market cap of transaction volume or pick your own metric. Edit: typos

root_axis 8y ago
Politics and the military are the foundation of all society. Those things won't go away because of cryptocurrency, so repeatedly bringing them up doesn't help your point at all.
- keymone 8y ago
  > Politics and the military are the foundation of all society politics - maybe, military - not necessarily, just an artifact of infancy of our civilization. > Those things won't go away because of cryptocurrency those things will become irrelevant to financial system based on bitcoin, which is good enough for me.
  - root_axis 8y ago
    > just an artifact of infancy of our civilization. Just an artifact of all of human history. >those things will become irrelevant to financial system based on bitcoin I don't think there is any point in further discussion; we are simply living in two different realities. The military and the military industrial complex are not going anywhere, certainly not because of cryptocurrency, the notion is laughably absurd.
    - keymone 8y ago
      If you try reading my comments again you will realize I’m not claiming military and politics are “going” somewhere because of crypto.
iainmerrick 8y ago
You’ve missed a few steps in your "therefore" there.
- keymone 8y ago
  only for somebody not willing to think about how much damage corrupt (and not corrupt too) politicians and military have inflicted upon this world during short history of human civilization. financial and environmental. if there's a chance to exclude them from the equation on security of financial system - it's a no brainer.
eeZah7Ux 8y ago
> Banking system involves politics and military in securing your finances I'm not a fan of the current implementation of cryptocurrencies but you have a point here. Plenty of wars and armed takeovers have been driven by the prospect of accessing financial systems and therefore plenty of resources are spent to prevent that from happening.

root_axis 8y ago

Politics and the military are the foundation of all society. Those things won't go away because of cryptocurrency, so repeatedly bringing them up doesn't help your point at all.

keymone 8y ago
> Politics and the military are the foundation of all society politics - maybe, military - not necessarily, just an artifact of infancy of our civilization. > Those things won't go away because of cryptocurrency those things will become irrelevant to financial system based on bitcoin, which is good enough for me.
- root_axis 8y ago
  > just an artifact of infancy of our civilization. Just an artifact of all of human history. >those things will become irrelevant to financial system based on bitcoin I don't think there is any point in further discussion; we are simply living in two different realities. The military and the military industrial complex are not going anywhere, certainly not because of cryptocurrency, the notion is laughably absurd.
  - keymone 8y ago
    If you try reading my comments again you will realize I’m not claiming military and politics are “going” somewhere because of crypto.

iainmerrick 8y ago

You’ve missed a few steps in your "therefore" there.

keymone 8y ago
only for somebody not willing to think about how much damage corrupt (and not corrupt too) politicians and military have inflicted upon this world during short history of human civilization. financial and environmental. if there's a chance to exclude them from the equation on security of financial system - it's a no brainer.

eeZah7Ux 8y ago

> Banking system involves politics and military in securing your finances I'm not a fan of the current implementation of cryptocurrencies but you have a point here. Plenty of wars and armed takeovers have been driven by the prospect of accessing financial systems and therefore plenty of resources are spent to prevent that from happening.