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> There was a huge online propaganda war between r/Bitcoin and r/BTC with large amounts of disinformation being produced on both sides, as well as banning and c
by zhdc1 5y ago
> There was a huge online propaganda war between r/Bitcoin and r/BTC with large amounts of disinformation being produced on both sides, as well as banning and censorship on these forums. Ultimately the "big blockers" lost and moved over to creating their own blockchain in 2017.
This is what I want, my wealth to be tied up in a currency that's at the mercy of a Bitcoin subreddit flame war.
I'm sorry. I appreciate that a lot of people have become extremely wealthy from Bitcoin and other crypto-currencies. I also that a significant, maybe unprecedented, amount of technical excellence and labor has gone into developing this ecosystem. I appreciate that block chain and all of the other derivative technologies have a significant amount of realized and unrealized potential, and I'm sure that my comment will be downvoted to nothing.
I just can't, for the life of me, understand why I would want the intrinsic value of my daily labor locked into something like this. This reads like the type of drama that I - don't - want in any way, shape, or form associated with a legitimate currency or other store of value.
- CyberDildonics 5y agoI would agree with you, the cryptocurrency ecosystem is full of nonsense and staying away is what is probably best for most people. Don't say "disinformation on both sides though", the heavy handed censoring of /r/bitcoin (and other forums) was open and intentional. Anyone can go there and ask reasonable questions about why bitcoin has the transaction throughput of a 56k modem when the fee of a single transaction can pay for a hard drive that stores the entire chain. You will either get some reply that makes zero technical sense or you will get your comment deleted, shadow banned or banned. Sharp high quality people who wanted to make bitcoin better were in charge at first and it became a complete cesspool while being taken over slowly with a lot of lying in between.
- micropresident 5y agor/btc is "uncensored" only insomuch as there are armies of trolls/sockpuppets lurking there manipulating votes and posting tons of noise. It's easy to "not censor" when you run around with a loudspeaker making sure content you don't want seen never makes it past new. There is also tons of false information posted there and upvoted; either through ignorance or mal-intent. Either way, it's disinformation. An "unmoderated" forum is always controlled by the people with the most free time to post nonsense.
- cwkoss 5y agoI think US dollar hegemony has contributed to the deaths of hundreds of millions of people. Its pursuit has led to war, corruption, human rights abuses, increased fossil fuel usage and lots of other bad things. Flame wars on forums are certainly immature and embarrassing, but I think what you refer to as "legitimate" currencies all have much worse associations.
- micropresident 5y agoI would agree. The flame wars are actually a nice alternative to physical wars IMO. I do have that good thing to say about crypto"currency."