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car accidents account for 38K deaths a year in the US alone. If we ban cars, we'd be saving 38K lives every year. Why do people continue driving knowing this st
by lancemurdock 5y ago
car accidents account for 38K deaths a year in the US alone. If we ban cars, we'd be saving 38K lives every year. Why do people continue driving knowing this statistic?
The conversations around ransomware and climate are both slippery slopes. We should be focused on better security to prevent attacks as well as facilitating more renewable energy instead of stifling innovation.
- emodendroket 5y agoIs the claim that cryptocurrency is providing a societal benefit comparable to the automobile then?
- quanticle 5y agoNot yet, but it might. Early cars were noisy, slow, finicky and far more polluting than cars today. They're only as useful as they are today because they were allowed to evolve for a hundred and twenty years. Banning Bitcoin because it's used in cybercrime is analogous to banning the Model T because it got used in a bank robbery.
- thehappypm 5y agoIt's much more akin to if a competitor to Ford made a car with a bank-robbing feature.
- fsociety 5y agoIf Bitcoin had a bank-robbing feature all transactions and wallets would be private. They aren’t.
- thehappypm 5y agoWhich wallets aren’t private?
- lancemurdock 5y agosome of the biggest plagues on society are rooted in central banking policies. If you have ever been upset at the amount of money bankers make, markets they've manipulated which resulted in tiny fines, or went bankrupt and needed bailouts which require printing money which devalues all the current dollars you own as well as not enforce any reason for them to avoid future bubbles then you might be more open to something like Bitcoin and DeFi initiatives. Governments are no better than banks. Both right & left admins want bigger government, just in different ways. They both print money at obscene rates which is cheapening the money you have in your bank account right now. If cryptocurrency can be a salvation from some of these problems then we should 100% be seeing if it can work.
- emodendroket 5y agoDeflationary currency would be an absolute nightmare for everyone except those lucky enough to be holding on to a lot of it before it was too valuable.
- lancemurdock 5y agoDeflationary currency would be a nightmare because some cohort would become very wealthy? I am not sure those two thoughts are connected. Deflation is not a bad thing for the end consumer. Our purchasing power should be going up over time as advancements/efficiencies in technology, shipping, healthcare create more for less. Deflation is "bad" in our current system because we have so much debt that isn't backed by much collateral. Interest rates rise putting a hold on businesses that don't produce much and creates an endless domino effect
- emodendroket 5y agoThat's not what I said, is it? It would be great if you happen to have a bunch of Bitcoins. For everyone else it would be a nightmare because it would encourage disinvestment. Why take a risk when you can literally just sit on your money? Loans would also become pretty much unfeasible both for business purposes and for consumers (hope you can buy a house with cash).
- 6foot4_82iq 5y agoYes. Ask your average Lebanese or Venezuelan citizen. Outside of privileged western states crypto has been a massive societal benefit. Crypto will jeopardise the monopoly of statists however, which explains the coordinated establishment pushback. https://www.businesswire.com/news/home/20210331005682/en/Global-Blockchain-and-Cryptocurrency-Market-Report-2021-Ukraine-and-Russia-are-Leading-the-Ranking-of-Cryptocurrency-Adoption https://www.businesswire.com/news/home/20210331005682/en/Glo...