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The fact that blockchains are used by criminals is definitive proof that it improves upon traditional financial infrastructure also in legitimate use cases wher
by kriops 5y ago
The fact that blockchains are used by criminals is definitive proof that it improves upon traditional financial infrastructure also in legitimate use cases where trust is an issue. I.e., blockchains are an indisputable success from a technological point of view.
The fact that criminals use tools, such as bolt cutters, cars and computers, doesn't mean that the tools are evil. Criminals are evil! Punish criminals for engaging in criminal activities, don't punish morally upstanding citizens for enjoying the liberty afforded them by virtue of their humanity.
There, two simple points that 99% of bitcoin "critiques" fail to address.
- nathanvanfleet 5y agoMaybe we should centralize authority to stop criminal actors from using these tools
- slyall 5y agoTrust isn't the reason that criminals use blockchains. They would happily transfer money the same way normal businesses do. They use blockchain cause they are locked out of the normal banking infrastructure. For the same reason normal people don't use blockchain to transfer money. They are able to use the banking system or Venmo or whatever. Using a blockchain is more complicated and usually more expensive than the alternatives.
- koonsolo 5y agoNano has 0 fees and instant transactions. It's hard for any other alternative to do better.
- keymone 5y agobitcoin does it better by not being a pre-mine scam and still having 0 fees and instant transactions on lightning.
- koonsolo 5y agoDistribution of Nano was more fair than bitcoin. Just saying. And lightning transactions have fees. Also just saying.
- keymone 5y ago> Distribution of Nano was more fair than bitcoin yes, that's what all pre-miners say. lightning network fees are negligible, you should try it one day.
- koonsolo 5y agoNeglectible is not 0. And I'm not a pre-miner
- keymone 5y agonegligible is basically 0. you're not a pre-miner (though maybe you are, how do i know?), nano "founders" are pre-mining scammers.
- catlikesshrimp 5y agoWhy should an average user care that founders are premining "scammers"? An average user won't be a miner and an average user doesn't have an investment in any platform. Someone saying x-crypto is a premining scam is somebody who invests in another platform and is advertising.
- keymone 5y agoBecause in PoS holders of large amount of assets are also political elite that gets to make the rules.
- kriops 5y agoWhat enables the exclusions of actors from the traditional banking system if not a different trust model? Instead of having a 'trusted' 3rd party mediate your transactions, you use a blockchain. Difference being that the trust is now distributed over a large set of actors that are directly financially invested in maintaining the integrity of your transaction. We can talk about cost and convenience if you want, but they were never at the core of blockchain/BTCs value proposition as far as I am concerned. In well-functioning societies anyways.
- deleted 5y ago[deleted]
- azth 5y ago> The fact that blockchains are used by criminals is definitive proof that it improves upon traditional financial infrastructure Reminds me of how some people were making a big story about why Toyotas are popular with ISIS. I saw it as a big testimony to their reliability :P