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> Apply a little imagination here. "I don't want to send 0.00001 cent transactions" becomes, "I don't think anyone else should be able to" Apply a little logic

by Nursie 5y ago

> Apply a little imagination here. "I don't want to send 0.00001 cent transactions" becomes, "I don't think anyone else should be able to" Apply a little logic here, "I don't want to send 0.00001 cent transactions" becomes "I don't think cryptocurrencies are the only way to achieve this, or even a good way, given their other costs to society" I'm not even going to bother engaging with the rest of your post, you're stuck in a binary mode of thinking in which any and all regulation is necessarily 'paternalistic' and evil, and from such a skewed viewpoint, your conclusions play out. To summarise - my assertion is that the problems with cryptocurrencies are not solved by merely not taking part, which is what the OP of this thread argued. Your response has been a set of straw men and unfounded assumptions, and a bunch of pointing at other things to say they're worse. This is not really a counter-argument so much as a lot of noise.

deleted 5y ago
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aww_dang 5y ago
Right there could be other ways to achieve that, but the regulations you are a fan of prevent it. >> Want to transact online with no ID? >Nope, and there are great reasons that this sort of thing is generally not allowed. It is true that I generally dislike regulation, but the same regulations you advocate for are the same regulations preventing the functionality provided by crypto. You then try to make the largest possible exaggeration, by asserting that I am against all regulations, therefore you cannot engage in the discussion. Backpedal. Yet you are supporting these same regulations, in this same thread. Binary thinking? Strawmen? You construct the premises which make it impossible, then call it a strawman. You set these premises and then call it black and white, all or nothing. Perhaps a more reasoned argument would be outlining how you intend to reduce regulatory overhead so state backed debt instruments can compete with cryptocurrency on the merits. As you are preoccupied with the moral ills (energy consumption, voluntary transactions) of specific cryptocurrencies, it would behoove you to explain how the incentives of central bank currencies can be changed. Ideally they wouldn't be used for morally perilous outcomes like war, or in your case, excessive energy use by the military. Otherwise, what are you advocating for here? What are the practical alternatives to cryptocurrency? Engage in the discussion.

by Nursie 5y ago

deleted 5y ago

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aww_dang 5y ago

Right there could be other ways to achieve that, but the regulations you are a fan of prevent it. >> Want to transact online with no ID? >Nope, and there are great reasons that this sort of thing is generally not allowed. It is true that I generally dislike regulation, but the same regulations you advocate for are the same regulations preventing the functionality provided by crypto. You then try to make the largest possible exaggeration, by asserting that I am against all regulations, therefore you cannot engage in the discussion. Backpedal. Yet you are supporting these same regulations, in this same thread. Binary thinking? Strawmen? You construct the premises which make it impossible, then call it a strawman. You set these premises and then call it black and white, all or nothing. Perhaps a more reasoned argument would be outlining how you intend to reduce regulatory overhead so state backed debt instruments can compete with cryptocurrency on the merits. As you are preoccupied with the moral ills (energy consumption, voluntary transactions) of specific cryptocurrencies, it would behoove you to explain how the incentives of central bank currencies can be changed. Ideally they wouldn't be used for morally perilous outcomes like war, or in your case, excessive energy use by the military. Otherwise, what are you advocating for here? What are the practical alternatives to cryptocurrency? Engage in the discussion.