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>the odds of someone taking actual BTC as payment are pretty low right now. It's way, way more likely I can just use another credit card company, a debit card,

by swebs 5y ago

>the odds of someone taking actual BTC as payment are pretty low right now. It's way, way more likely I can just use another credit card company, a debit card, Venmo/Cash App/PayPal, etc. I think this argument, while common amongst BTC folks, is pretty hypothetical. It's the only way you can buy a 4chan pass for example https://www.4channel.org/pass https://www.4channel.org/pass >The problem with this is that we'd lose lots of the tools we have to fight organized crime Well right now we have bitcoin where there is high anonymity and the government has no power over. In a government payment system they would have the power to freeze accounts and track transactions. I don't see how that's a worse system in regards to fighting crime. >I was trying to focus on your claims about 1A You completely misunderstood my original claim and went on a tangent bringing up common talking points. As if it were a knee-jerk reaction to seeing the words "corporate censorship" and "first amendment" in the same paragraph. I'm still not sure that you understand.

camgunz 5y ago
> It's [crypto] the only way you can buy a 4chan pass for example Sure, I said "It's way, way more likely I can just use another credit card company, a debit card, Venmo/Cash App/PayPal". There are zillions of products, you named one for which there's very little demand, it looks like we agree. > Well right now we have bitcoin where there is high anonymity and the government has no power over. At least the US government regulates BTC. Lots of people have been arrested for violating finance laws re: BTC. The US could easily outlaw BTC or mandate further regulation. BTC is also not at all anonymous, the only thing that makes it "anonymous" is a tumbler. > In a government payment system they would have the power to freeze accounts and track transactions. I don't see how that's a worse system in regards to fighting crime. > You completely misunderstood my original claim... Yeah, sorry again I wanted to dispute your 1A claims. Insofar as your idea of nationalizing a payment infrastructure and using a blockchain, I guess that's fine. I broadly think most things don't make sense as markets, and in democratic societies people should nationalize almost everything. However, I don't think blockchain should be involved because it's generally junk tech. It's like, yet again a normal database would be just fine.

by swebs 5y ago

camgunz 5y ago

> It's [crypto] the only way you can buy a 4chan pass for example Sure, I said "It's way, way more likely I can just use another credit card company, a debit card, Venmo/Cash App/PayPal". There are zillions of products, you named one for which there's very little demand, it looks like we agree. > Well right now we have bitcoin where there is high anonymity and the government has no power over. At least the US government regulates BTC. Lots of people have been arrested for violating finance laws re: BTC. The US could easily outlaw BTC or mandate further regulation. BTC is also not at all anonymous, the only thing that makes it "anonymous" is a tumbler. > In a government payment system they would have the power to freeze accounts and track transactions. I don't see how that's a worse system in regards to fighting crime. > You completely misunderstood my original claim... Yeah, sorry again I wanted to dispute your 1A claims. Insofar as your idea of nationalizing a payment infrastructure and using a blockchain, I guess that's fine. I broadly think most things don't make sense as markets, and in democratic societies people should nationalize almost everything. However, I don't think blockchain should be involved because it's generally junk tech. It's like, yet again a normal database would be just fine.