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Then there are cases like this, one example among many in which there is a genuine case to be made for bitcoin and crypto. https://news.ycombinator.com/item?id=
by helloworld11 5y ago
Then there are cases like this, one example among many in which there is a genuine case to be made for bitcoin and crypto. https://news.ycombinator.com/item?id=28453256 https://news.ycombinator.com/item?id=28453256.
This is not to mention all the others that are possible and have been the case. For example, how do you think Sci-hub continues to function financially?. Regardless of how certain whales and other speculators use bitcoin et al to pump and dump, or how criminals use them to get and launder money, these negative things are secondary to two basic points that deserve much more respect than they often get:
1. At least so far, Bitcoin and the rest do indeed let you and anyone send or receive money regardless of what political institution, corrupt government or censorious, politically pressured private company prohibits or selectively permits (think Visa/mastercard/paypal and their bullshit arbitrary restrictions on all kinds of things they or some politician decided to call "immoral")
2. Anybody can access the BTC blockchain and most other blockchains with minimal cost, extremely minor technical knowledge that they could easily pick up, and use them for money transfers. Playing along with the pump and dump bullshit or falling victim the bubbles is strictly optional.
In these things, it is indeed revolutionary in a quiet but important way, and I have a hard time understanding the sheer amount of snarky, hateful commentary from so many people on this site. Where the goddam fuck did the scrappy, freedom-loving respect for technologies that help individuals avoid arbitrary rules go?
- boh 5y agoIt's snarky bcs people are sick of hearing sales pitches for moon money.