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cash fuels orders of magnitude more illegal activities. It’s hypocritical to go after crypto to solve illegal activities problem when you havent solves them for

cash fuels orders of magnitude more illegal activities. It’s hypocritical to go after crypto to solve illegal activities problem when you havent solves them for cash or at least brought down to crypto levels. And lastly - “let’s ban bitcoin because bad people do bad things” is the same argument as “let’s ban encryption because bad people communicate bad things”. If you’re for government control of every aspect of your life, if you’re for asking permission to transact or communicate - we just have completely different world views. Unfortunately there is no middle ground - either you have security or you are backdoored. Either you have financial freedom or you don’t. Governments should target bad people not genuinely useful tools used by bad people. I don’t care that it’s hard - that’s what I pay taxes for, not to yield control over my life even further.

arcticbull 7y ago
> cash fuels orders of magnitude more illegal activities. It’s hypocritical to go after crypto to solve illegal activities problem when you havent solves them for cash or at least brought down to crypto levels. No, that’s not what I’m saying. I’m saying we shouldn’t advocate a worse solution than what we have today, along every axis. If crypto replaced cash illegal activities would be easier and limited to 7tx/sec (haha, jokes, ish) To be clear I’m also not proposing banning bitcoin, I’m just proposing not giving it a platform like I would with offensive speech. You’re free to say anything and use bitcoin all you want but that doesn’t mean you’re entitled to a platform to do so. > If you’re for government control of every aspect of your life, if you’re for asking permission to transact or communicate - we just have completely different world views. Bitcoin hash power is 80% in the control of 3 mining pools in the PRC who could with the stroke of a pen censor everything. Due to efficiency of scale proof of work always centralizes along the cheapest resources. Going all in on PoW coins is outsourcing control of your sovereign currency to a totalitarian ethnostate but with extra steps. Why not transact in Renminbi and save some electricity? I’ll stick to sovereign management thanks. > Governments should target bad people not genuinely useful tools used by bad people. I don’t care that it’s hard - that’s what I pay taxes for, not to yield control over my life even further. Now this is a truly novel argument: make the job of the government harder so you get value for your tax dollars. Even to the detriment of your self and the broader society.
- keymone 7y ago
  > we shouldn’t advocate a worse solution than what we have today, along every axis Crypto is actually better than cash on every axis > limited to 7tx/sec (haha, jokes, ish) Just shows you’re not very informed on the topic > Bitcoin hash power is 80% in the control of 3 mining pools in the PRC who could with the stroke of a pen censor everything Miners don’t control the network so they can’t really censor without consequences. Mining pools are composed of many independent miners, you can’t take over them by taking over pool operator - they will just leave and form another pool. > Now this is a truly novel argument: make the job of the government harder so you get value for your tax dollars. Job of government becomes harder/easier due to emergence of new tech not because you or I want it.

arcticbull 7y ago

> cash fuels orders of magnitude more illegal activities. It’s hypocritical to go after crypto to solve illegal activities problem when you havent solves them for cash or at least brought down to crypto levels. No, that’s not what I’m saying. I’m saying we shouldn’t advocate a worse solution than what we have today, along every axis. If crypto replaced cash illegal activities would be easier and limited to 7tx/sec (haha, jokes, ish) To be clear I’m also not proposing banning bitcoin, I’m just proposing not giving it a platform like I would with offensive speech. You’re free to say anything and use bitcoin all you want but that doesn’t mean you’re entitled to a platform to do so. > If you’re for government control of every aspect of your life, if you’re for asking permission to transact or communicate - we just have completely different world views. Bitcoin hash power is 80% in the control of 3 mining pools in the PRC who could with the stroke of a pen censor everything. Due to efficiency of scale proof of work always centralizes along the cheapest resources. Going all in on PoW coins is outsourcing control of your sovereign currency to a totalitarian ethnostate but with extra steps. Why not transact in Renminbi and save some electricity? I’ll stick to sovereign management thanks. > Governments should target bad people not genuinely useful tools used by bad people. I don’t care that it’s hard - that’s what I pay taxes for, not to yield control over my life even further. Now this is a truly novel argument: make the job of the government harder so you get value for your tax dollars. Even to the detriment of your self and the broader society.

keymone 7y ago
> we shouldn’t advocate a worse solution than what we have today, along every axis Crypto is actually better than cash on every axis > limited to 7tx/sec (haha, jokes, ish) Just shows you’re not very informed on the topic > Bitcoin hash power is 80% in the control of 3 mining pools in the PRC who could with the stroke of a pen censor everything Miners don’t control the network so they can’t really censor without consequences. Mining pools are composed of many independent miners, you can’t take over them by taking over pool operator - they will just leave and form another pool. > Now this is a truly novel argument: make the job of the government harder so you get value for your tax dollars. Job of government becomes harder/easier due to emergence of new tech not because you or I want it.