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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 curre
by 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 agoI 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 agoI'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 agoPro 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 agoMoney isn't designed to do that. Money is just an exchange token. It has no control over what it is used for.