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The beauty of crypto is that you can elect which ecosystem you participate in. If you don't like bitcoin because it's dominated by whales, go to eth. If not eth

by Taek 5y ago

The beauty of crypto is that you can elect which ecosystem you participate in. If you don't like bitcoin because it's dominated by whales, go to eth. If not eth, try doge or Monero. Or start your own. It's pretty easy to move money between cryptos, that you only hold Monero and your friends only holds doge does not stop the two of you from transacting

echelon 5y ago
> The beauty of crypto is that you can elect which ecosystem you participate in. The beauty of fiat is that the government can print more, if needed, and can tightly regulate monetary supply to increase the health of our economy and breadth of our trade. The FBI and CIA can monitor who transacts and can shut down hackers and terrorists. I can also elect the people in charge of the system so that they can create more opportunity. > If you don't like bitcoin because it's dominated by whales, go to eth. If not eth, try doge or Monero. Bitcoin makes the Winklevosses richer. Ethereum makes Buterin richer. Everyone hawking this is getting richer, but nothing worthwhile is being done. > Or start your own. What the hell good does that do? I'd rather use my life to solve real problems. I want to make creators more money, increase the amount of art in the world, and eventually work on solving cancer and metabolic diseases. I don't have time for this garbage, and neither does the rest of the world. It's wasted compute, both in terms of GPU and brain cycles. > It's pretty easy to move money between cryptos, that you only hold Monero and your friends only holds doge does not stop the two of you from transacting I can already move money. What problem is being solved? Maybe this is great if I want to illicitly move money or dodge taxes. I don't see any other reason for it.
sudosysgen 5y ago
Elections where you vote with a dollar are not democratic. They are oligarchic. The "beauty" here is oligarchic control.

by Taek 5y ago

echelon 5y ago

> The beauty of crypto is that you can elect which ecosystem you participate in. The beauty of fiat is that the government can print more, if needed, and can tightly regulate monetary supply to increase the health of our economy and breadth of our trade. The FBI and CIA can monitor who transacts and can shut down hackers and terrorists. I can also elect the people in charge of the system so that they can create more opportunity. > If you don't like bitcoin because it's dominated by whales, go to eth. If not eth, try doge or Monero. Bitcoin makes the Winklevosses richer. Ethereum makes Buterin richer. Everyone hawking this is getting richer, but nothing worthwhile is being done. > Or start your own. What the hell good does that do? I'd rather use my life to solve real problems. I want to make creators more money, increase the amount of art in the world, and eventually work on solving cancer and metabolic diseases. I don't have time for this garbage, and neither does the rest of the world. It's wasted compute, both in terms of GPU and brain cycles. > It's pretty easy to move money between cryptos, that you only hold Monero and your friends only holds doge does not stop the two of you from transacting I can already move money. What problem is being solved? Maybe this is great if I want to illicitly move money or dodge taxes. I don't see any other reason for it.

sudosysgen 5y ago

Elections where you vote with a dollar are not democratic. They are oligarchic. The "beauty" here is oligarchic control.