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By which I mean to say: the greedy rich wanting to preserve or increase their wealth at all costs is what got us into this mess. Bitcoin or any other cryptocurr

By which I mean to say: the greedy rich wanting to preserve or increase their wealth at all costs is what got us into this mess. Bitcoin or any other cryptocurrency pyramid scheme is going to do bugger all to improve that. No amount of wealth or technology will turn vice into virtue because: “If you have selfish, ignorant citizens, you're gonna get selfish, ignorant leaders.” —George Carlin Prosperity boils down to good policy and governance. Thus, good people. Unfortunately, as far as I've seen, cryptocurrencies have produced some of the worst kind of people.

FridgeSeal 6y ago
To add to this, crypto communities _appear_ (I’d be pleased to be wrong here if anyone has examples) to be filled with people who are absolutely opposed to any kind of economic governance, if it’s not “let the magic hand of the market decide” they’re seemingly not interested.
- X6S1x6Okd1st 6y ago
  If you want to challenge that belief look into governance by DAOs and some of the airdrops like UNI. There's def crypto communities that dream of paying everyone a basic income in their currency, identifying each individual and not completing devaluing the coin are big problems though
- matheusmoreira 6y ago
  I'm not convinced this "economic governance" offers any benefits.
- seibelj 6y ago
  You have an entire world full of governments and fiat currencies. If they are so superior then there should be no problem with competition from Bitcoin.
  - Priem19 6y ago
    “Simply because cancer occurs naturally doesn't mean we shouldn't treat it. In the same vain, sometimes the “free market” just screws up, requiring intervention.” —https://www.cynicusrex.com/file/cryptocultscience.html https://www.cynicusrex.com/file/cryptocultscience.html Bitcoin and cryptocurrencies in general are pyramid schemes. They deserve no place in the economy.
- kortilla 6y ago
  Yes, they are opposed to having their assets diluted by a government they have no say in.

FridgeSeal 6y ago

To add to this, crypto communities _appear_ (I’d be pleased to be wrong here if anyone has examples) to be filled with people who are absolutely opposed to any kind of economic governance, if it’s not “let the magic hand of the market decide” they’re seemingly not interested.

X6S1x6Okd1st 6y ago
If you want to challenge that belief look into governance by DAOs and some of the airdrops like UNI. There's def crypto communities that dream of paying everyone a basic income in their currency, identifying each individual and not completing devaluing the coin are big problems though
matheusmoreira 6y ago
I'm not convinced this "economic governance" offers any benefits.
seibelj 6y ago
You have an entire world full of governments and fiat currencies. If they are so superior then there should be no problem with competition from Bitcoin.
- Priem19 6y ago
  “Simply because cancer occurs naturally doesn't mean we shouldn't treat it. In the same vain, sometimes the “free market” just screws up, requiring intervention.” —https://www.cynicusrex.com/file/cryptocultscience.html https://www.cynicusrex.com/file/cryptocultscience.html Bitcoin and cryptocurrencies in general are pyramid schemes. They deserve no place in the economy.
kortilla 6y ago
Yes, they are opposed to having their assets diluted by a government they have no say in.