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This is a clear case of market incentives getting corrupted and not actually providing any utility. At this point it's not about whether you believe crypto will

This is a clear case of market incentives getting corrupted and not actually providing any utility. At this point it's not about whether you believe crypto will succeed at any of it's proposed utilities, people are investing because they want to get in on the hype bubble and ride high. And once you're in you have every incentive to prothletise before you cash out. Meanwhile the rest of us get stuck with externalities - huge energy consumption, hardware supply disruptions, hardware waste, compute hijacking, enabling scammers and extortions schemes. I don't think crypto should be illegal but the institutions enabling it should

necrontab 6y ago
You should read about Accelerationism. You have a left-wing interpretation of Accelerationism (we should create new laws to handle technological divergences) and I have a right-wing interpretation of Accelerationism (as systems becomes more fragile from cryptocurrencies, such as in this example, corporations will be motivated to find cheaper ways to produce electricity, GPUs. Thus I believe that because of increased chaos, "Corporations find a way").
- lanstin 6y ago
  I always thought right wingers where interested in the Sovereignty of the Individual but you are explicitly and consciously pro-corporations? Seems likely to have some bad local maxima without regulation from the Individuals speaking thru a Democratic Government.
  - necrontab 6y ago
    I am pro autonomous corporations. I want Manna[0] in reverse so that instead of making fast-food employees listen to an AI, I want to start at the top. [0]: https://marshallbrain.com/manna1 https://marshallbrain.com/manna1
yunesj 6y ago
> I don’t think crypto should be illegal but the institutions enabling it should. I feel the same about PoN[1]-based currencies! Get rid of the Fed and the military! [1] Proof of nukes.
- reader_mode 6y ago
  Nukes and military actually provide a very real value to population, you're really naive if you think the world would be a better place without them. World would 100% be a better place without bitcoin.

necrontab 6y ago

You should read about Accelerationism. You have a left-wing interpretation of Accelerationism (we should create new laws to handle technological divergences) and I have a right-wing interpretation of Accelerationism (as systems becomes more fragile from cryptocurrencies, such as in this example, corporations will be motivated to find cheaper ways to produce electricity, GPUs. Thus I believe that because of increased chaos, "Corporations find a way").

lanstin 6y ago
I always thought right wingers where interested in the Sovereignty of the Individual but you are explicitly and consciously pro-corporations? Seems likely to have some bad local maxima without regulation from the Individuals speaking thru a Democratic Government.
- necrontab 6y ago
  I am pro autonomous corporations. I want Manna[0] in reverse so that instead of making fast-food employees listen to an AI, I want to start at the top. [0]: https://marshallbrain.com/manna1 https://marshallbrain.com/manna1

yunesj 6y ago

> I don’t think crypto should be illegal but the institutions enabling it should. I feel the same about PoN[1]-based currencies! Get rid of the Fed and the military! [1] Proof of nukes.

reader_mode 6y ago
Nukes and military actually provide a very real value to population, you're really naive if you think the world would be a better place without them. World would 100% be a better place without bitcoin.