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You're right. And bitcoiners have been saying this from the very beginning of the crypto madness. A global, government agnostic money like bitcoin that no grou

You're right. And bitcoiners have been saying this from the very beginning of the crypto madness. A global, government agnostic money like bitcoin that no group of insiders and early adopters have unassailable control over, seems like the only likely candidate for something that needs a truly decentralized and trustless blockchain. The rest is hype.

ryandamm 5y ago
I believe this characterization fails to engage with what money actually is and does. It sounds good in print but fails in practice. Except for bitcoin's current "monetary" uses, like money laundering and tax evasion.
- anonporridge 5y ago
  I personally prefer a money that isn't explicitly designed to encourage hyper consumption and short term thinking. Better for the planet. But what do I know? I'm just a dumb ape.
  - ryandamm 5y ago
    I'm genuinely not sure whether this statement is pro-crypto or anti-crypto... I assume it's anti- based on the reference to it being better for the planet? Or is the "designed for hyper consumption" a reference to inflation in fiat currencies? Sorry, perhaps I've confused myself.
    - anonporridge 5y ago
      Pro bitcoin. Don't confuse crypto with bitcoin. Our inflationary currencies that are in vogue in the modern era are explicitly designed to psychologically encourage people to go out and consume more than they actually need to, because their money is terrible at preserving it's value long term. Inflationary currencies might be great at keeping the economy red hot, but I'm of the opinion that they're terrible for the long term sustainability of our planet.
  - usrbinbash 5y ago
    Money isn't designed to do that. Money is just an exchange token. It has no control over what it is used for.
Ekaros 5y ago
And in practise not government or central bank controlled money is not practically desirable. The gold-bugs and crypto people might think it is, but there are very good reasons why no one is using gold standard anymore. It makes modern fiscal and financial policies impossible and probably leads to massive issues for everyone.

ryandamm 5y ago

I believe this characterization fails to engage with what money actually is and does. It sounds good in print but fails in practice. Except for bitcoin's current "monetary" uses, like money laundering and tax evasion.

anonporridge 5y ago
I personally prefer a money that isn't explicitly designed to encourage hyper consumption and short term thinking. Better for the planet. But what do I know? I'm just a dumb ape.
- ryandamm 5y ago
  I'm genuinely not sure whether this statement is pro-crypto or anti-crypto... I assume it's anti- based on the reference to it being better for the planet? Or is the "designed for hyper consumption" a reference to inflation in fiat currencies? Sorry, perhaps I've confused myself.
  - anonporridge 5y ago
    Pro bitcoin. Don't confuse crypto with bitcoin. Our inflationary currencies that are in vogue in the modern era are explicitly designed to psychologically encourage people to go out and consume more than they actually need to, because their money is terrible at preserving it's value long term. Inflationary currencies might be great at keeping the economy red hot, but I'm of the opinion that they're terrible for the long term sustainability of our planet.
- usrbinbash 5y ago
  Money isn't designed to do that. Money is just an exchange token. It has no control over what it is used for.

Ekaros 5y ago

And in practise not government or central bank controlled money is not practically desirable. The gold-bugs and crypto people might think it is, but there are very good reasons why no one is using gold standard anymore. It makes modern fiscal and financial policies impossible and probably leads to massive issues for everyone.