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cool. i really believe either the governments around the world have to accept "crypto" in the shape and form it is now, like bitcoin which has full traceability

cool. i really believe either the governments around the world have to accept "crypto" in the shape and form it is now, like bitcoin which has full traceability and full anonymity or monero which has no traceability and full anonymity or just shut it down in an act of desperation. i do not understand "why" would a for-profit company like paypal or facebook would jump the bandwagon, build their own existing model of tracking and money movement with the poster of "crypto" and be like any other crypto model. it is unsustainable because cryptocurrencies are designed to be without a central distribution model and control. if you introduce that, you might as well use westernunion for cross border transactions or use SWIFT because both of them are designed to keep minting fees for themselves, keep themselves relevant and exercise control. remember, usa can unilaterally decide "oh, well visa/mastercard cannot operate in this country" and guess what, that entire country's card infra goes down. so much for democracy.

sbarre 5y ago
> i do not understand "why" would a for-profit company like paypal or facebook would jump the bandwagon, build their own existing model of tracking and money movement with the poster of "crypto" and be like any other crypto model. Because money is a system of control. Even Bitcoin and other "decentralized" currencies are still systems of control, and the large Internet companies extract revenue from control, so of course they would want "in" on something they see potentially bypassing their controls over time. Why would they sit and watch this grow around them, or be beholden to existing legacy systems like SWIFT or credit cards, when they can potentially build something they are in complete control of instead. Ask yourself why governments reacted so harshly and swiftly against Diem, and you'll see how important a system of control money is.
lpcvoid 5y ago
Shutting down cryptocurrencies so the planet can live a bit longer sounds really good.
- fleddr 5y ago
  Agree. Let's also ban giant TVs, large cars, PC gaming rigs, ACs, dryers, cheap air travel and subsidized international transport to deliver our cheap garbage. It's all excessive and can't be justified, given the doom ahead.
  - hannasanarion 5y ago
    Those things are all useful. In 13 years blockchain still hasn't found a use aside from speculation and crime, and it consumes more power than 182 entire countries to process 1/10,000th the transactions of Visa.
    - fleddr 5y ago
      Thanks for falling for the bait. You think a 75" inch TV is useful and its massive energy use is fine, just because you said it is. Personally, I think 55" should be the maximum. After that, you can't in any way justify utility and clearly don't give a damn about the planet. People have a house full of electronics and fluff. The footprint of an American household would require 8 planets if everybody lived this way and yet people are so eager to preach about their "care" for the planet. Clearly this 700% overshoot in footprint is not to be messed with, these are your "basics", because they are "useful". Let's just ensure that the rest of the world doesn't embrace these "useful" things, right? You don't care. At all. You only care when it's easy. When you see a monster truck, you want it banned. Because you don't have a giant car and they are ridiculous. But there's hardly any cars like that so it does nothing. If you'd truly care about outcomes, you'd be in favor of banning things that move the needle. Which means all the things I mentioned. And suddenly nobody cares for the planet anymore. It's all performative.
      - hannasanarion 5y ago
        Ordering and enjoying a slightly larger cheeseburger isn't the same as buying up an entire country's meat supply and dumping it in the ocean because it makes imaginary number go up.
        5y ago
- ricochet11 5y ago
  the planet is fine, humans and our way of life maybe not... but imo shutting down cryptocurrencies will do absolutely nothing to change our course. maybe global, borderless, coordination and communication tools could be very useful though...

sbarre 5y ago

> i do not understand "why" would a for-profit company like paypal or facebook would jump the bandwagon, build their own existing model of tracking and money movement with the poster of "crypto" and be like any other crypto model. Because money is a system of control. Even Bitcoin and other "decentralized" currencies are still systems of control, and the large Internet companies extract revenue from control, so of course they would want "in" on something they see potentially bypassing their controls over time. Why would they sit and watch this grow around them, or be beholden to existing legacy systems like SWIFT or credit cards, when they can potentially build something they are in complete control of instead. Ask yourself why governments reacted so harshly and swiftly against Diem, and you'll see how important a system of control money is.

lpcvoid 5y ago

Shutting down cryptocurrencies so the planet can live a bit longer sounds really good.

fleddr 5y ago
Agree. Let's also ban giant TVs, large cars, PC gaming rigs, ACs, dryers, cheap air travel and subsidized international transport to deliver our cheap garbage. It's all excessive and can't be justified, given the doom ahead.
- hannasanarion 5y ago
  Those things are all useful. In 13 years blockchain still hasn't found a use aside from speculation and crime, and it consumes more power than 182 entire countries to process 1/10,000th the transactions of Visa.
  - fleddr 5y ago
    Thanks for falling for the bait. You think a 75" inch TV is useful and its massive energy use is fine, just because you said it is. Personally, I think 55" should be the maximum. After that, you can't in any way justify utility and clearly don't give a damn about the planet. People have a house full of electronics and fluff. The footprint of an American household would require 8 planets if everybody lived this way and yet people are so eager to preach about their "care" for the planet. Clearly this 700% overshoot in footprint is not to be messed with, these are your "basics", because they are "useful". Let's just ensure that the rest of the world doesn't embrace these "useful" things, right? You don't care. At all. You only care when it's easy. When you see a monster truck, you want it banned. Because you don't have a giant car and they are ridiculous. But there's hardly any cars like that so it does nothing. If you'd truly care about outcomes, you'd be in favor of banning things that move the needle. Which means all the things I mentioned. And suddenly nobody cares for the planet anymore. It's all performative.
    - hannasanarion 5y ago
      Ordering and enjoying a slightly larger cheeseburger isn't the same as buying up an entire country's meat supply and dumping it in the ocean because it makes imaginary number go up.
      - 5y ago
ricochet11 5y ago
the planet is fine, humans and our way of life maybe not... but imo shutting down cryptocurrencies will do absolutely nothing to change our course. maybe global, borderless, coordination and communication tools could be very useful though...