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> You also can't deny that there are ideas which threaten state control, monetary policy, nationalistic ideals, religion its self. Phew. Yeah, we all felt that

> You also can't deny that there are ideas which threaten state control, monetary policy, nationalistic ideals, religion its self. Phew. Yeah, we all felt that. In 2010. Now while we're reminiscing the past, I know another one! Lets provocatively ask: Isn't the colossal energy wasting worth freedom and all? - So exciting, wasn't it? And don't get me started on Wikileaks donations! Reality has moved on, and nothing screams ponzi scheme more, than followers repeating decade old talking points, aged like milk, into dogma. Lol, I am pretty sure the vast majority of people doesn't even want that idea of ancap freedom, unregulated markets and tax evasion.

rglullis 5y ago
Crypto is not just Bitcoin, and crypto is not just Proof-Of-Work. Other blockchains who can be just as decentralized and censorship-resistant exist. (In the spirit of DRY, I think it is time we collectively write all an adversarial collaboration about crypto on some wiki page. Then I can at least just respond with a link to the rebuttal of the same tired and lazy arguments that crypto-skeptics make)
- throwaway405769 5y ago
  This is wrong, all PoS cryptocurrencies are extremely centralized. Try running a validator on Avalanche, see how it goes.
  - rglullis 5y ago
    The merge is all but inevitable now, and it seems that there are quite a good number of validators for the Beacon chain: https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa https://etherscan.io/address/0x00000000219ab540356cbb839cbe0...
- monopoledance 5y ago
  > Crypto is not just Bitcoin, and crypto is not just Proof-Of-Work. Sure. Theoretically. Are you suggesting "crypto" isn't almost entirely proof-of-work - de facto? You think those invested care for proof-of-stake? Lol. > same tired and lazy arguments that crypto-skeptics make HyDrOpOweR!1! (Deprecated in 2021) But hey, I am all for the wiki. Actually, I wonder why that hasn't happened yet... Anyway, I don't want to make the impression all innovation in crypto fanfiction in the last decade has been lost on me! For example, I do recognize, that Bitcoin isn't promoted as currency anymore - because it utterly sucks for transactions. It's "like Gold!" now, or something. Very progressive.
  - rglullis 5y ago
    > You think those invested care for proof-of-stake? Enough to stake more than 8 Million ETH (about ~35 Billion dollars) [0] > because it utterly sucks for transactions. Again taking Bitcoin as a whole of crypto? Yes, Bitcoin has failed as a currency. Yes, the "digital gold" narrative is bogus. Yes, there will be a lot of Bitcoin maxis who will have to deal with the terrible realization that their "sound money" is worthless. Can we move on now? [0]: https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa https://etherscan.io/address/0x00000000219ab540356cbb839cbe0...
throwaway405769 5y ago
Is this sarcasm, or are you actually saying that freedom is not worth the spent energy? Bitcoin is now used by El Salvador to avoid borrowing money from IMF. Is that also a ponzi scheme?
- monopoledance 5y ago
  No. Yes, "freedom" ain't worth it. I don't know.

rglullis 5y ago

Crypto is not just Bitcoin, and crypto is not just Proof-Of-Work. Other blockchains who can be just as decentralized and censorship-resistant exist. (In the spirit of DRY, I think it is time we collectively write all an adversarial collaboration about crypto on some wiki page. Then I can at least just respond with a link to the rebuttal of the same tired and lazy arguments that crypto-skeptics make)

throwaway405769 5y ago
This is wrong, all PoS cryptocurrencies are extremely centralized. Try running a validator on Avalanche, see how it goes.
- rglullis 5y ago
  The merge is all but inevitable now, and it seems that there are quite a good number of validators for the Beacon chain: https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa https://etherscan.io/address/0x00000000219ab540356cbb839cbe0...
monopoledance 5y ago
> Crypto is not just Bitcoin, and crypto is not just Proof-Of-Work. Sure. Theoretically. Are you suggesting "crypto" isn't almost entirely proof-of-work - de facto? You think those invested care for proof-of-stake? Lol. > same tired and lazy arguments that crypto-skeptics make HyDrOpOweR!1! (Deprecated in 2021) But hey, I am all for the wiki. Actually, I wonder why that hasn't happened yet... Anyway, I don't want to make the impression all innovation in crypto fanfiction in the last decade has been lost on me! For example, I do recognize, that Bitcoin isn't promoted as currency anymore - because it utterly sucks for transactions. It's "like Gold!" now, or something. Very progressive.
- rglullis 5y ago
  > You think those invested care for proof-of-stake? Enough to stake more than 8 Million ETH (about ~35 Billion dollars) [0] > because it utterly sucks for transactions. Again taking Bitcoin as a whole of crypto? Yes, Bitcoin has failed as a currency. Yes, the "digital gold" narrative is bogus. Yes, there will be a lot of Bitcoin maxis who will have to deal with the terrible realization that their "sound money" is worthless. Can we move on now? [0]: https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa https://etherscan.io/address/0x00000000219ab540356cbb839cbe0...

throwaway405769 5y ago

Is this sarcasm, or are you actually saying that freedom is not worth the spent energy? Bitcoin is now used by El Salvador to avoid borrowing money from IMF. Is that also a ponzi scheme?

monopoledance 5y ago
No. Yes, "freedom" ain't worth it. I don't know.