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I'm tired of circular web3 discussions. All I see is people arguing for "but, maybe you shouldn't trust the government, maybe you should trust some math that wo

I'm tired of circular web3 discussions. All I see is people arguing for "but, maybe you shouldn't trust the government, maybe you should trust some math that works like a government in this limited scope". All I see is markets which sidestep all the rules enforced by governments to keep them fair (which prevent things like trading with yourself to create fake transactions), and none of the "park renovation" or "enabling trade for people in oppressed regimes" hypothetical examples. Whatever crypto claimed as values they are not actually being used in practice. The only things it visibly succeeded at were enabling ponzi schemes, enabling dark web trade, making lives easier for ransomware, and using a ton of electricity. I can't buy that web3 will deliver on any value it claims based on the monumental screw-up that industry did with cryptocoins. Especially when all values are hypothetical, and deal with abstract things like "trust".

throwaway405769 5y ago
More than 2 billions of people live in authoritarian regimes where the government rules exist only to oppress the population and make it more easily controlled. Bitcoin gives them the option to maintain their property rights, avoid financial surveillance and money controls. Saying that crypto is only used for ponzi schemes is simply false and disingenuous.
- peoplefromibiza 5y ago
  and Cryptos would help them, how? Authoritarian regimes are very good at filtering and blocking unwanted content. Bitcoin is as easy to block as any other traffic that's easy to recognize.
  - throwaway405769 5y ago
    Have you heard about VPNs and TOR? What authoritarian regimes are we talking about?
- qaq 5y ago
  This is crypto equivalent of think of the children.
  - throwaway405769 5y ago
    The crypto equivalent of "think of the children" are the people who scream money laundering and ransomware. Sort of similar to people who used to oppose end-to-end encryption and TOR.
    - hansonkd13 5y ago
      I think ToR is the worst example you can use. Good in theory? Yes. In practice it is pedophile and drug honeypot with exit nodes run my the government with limited legitimate actual people using it.
- seoaeu 5y ago
  You didn’t actually point to any evidence that a meaningful number of those 2 billion people actually benefit from crypto.
  - throwaway405769 5y ago
    What is a meaningful number of people for your highness?

throwaway405769 5y ago

More than 2 billions of people live in authoritarian regimes where the government rules exist only to oppress the population and make it more easily controlled. Bitcoin gives them the option to maintain their property rights, avoid financial surveillance and money controls. Saying that crypto is only used for ponzi schemes is simply false and disingenuous.

peoplefromibiza 5y ago
and Cryptos would help them, how? Authoritarian regimes are very good at filtering and blocking unwanted content. Bitcoin is as easy to block as any other traffic that's easy to recognize.
- throwaway405769 5y ago
  Have you heard about VPNs and TOR? What authoritarian regimes are we talking about?
qaq 5y ago
This is crypto equivalent of think of the children.
- throwaway405769 5y ago
  The crypto equivalent of "think of the children" are the people who scream money laundering and ransomware. Sort of similar to people who used to oppose end-to-end encryption and TOR.
  - hansonkd13 5y ago
    I think ToR is the worst example you can use. Good in theory? Yes. In practice it is pedophile and drug honeypot with exit nodes run my the government with limited legitimate actual people using it.
seoaeu 5y ago
You didn’t actually point to any evidence that a meaningful number of those 2 billion people actually benefit from crypto.
- throwaway405769 5y ago
  What is a meaningful number of people for your highness?