4 ms·

If transactions scale enough for you to be able to shut down most bank branches, end commutes for all banking and central banking employees, shut down all credi

If transactions scale enough for you to be able to shut down most bank branches, end commutes for all banking and central banking employees, shut down all credit card companies and their offices and terminals, turn off ATMs, end printing physical paper money and minting money, just to mention a few, I think the environment will be way, way better off. That’s the argument behind unlimited on-chain transactions.

nradov 4y ago
There's no evidence that any of that would be technically feasible. And hypothetically even if it was technically feasible, the nation states which have taxing authority and hold an effective monopoly on violence would never permit it.
- intabli 4y ago
  Most world governments and taxing authorities work for their populace, they could be easily voted out if people saw what other nations are benefiting from such innovation. As for what’s feasible and evidence on it, I assure you, Edison had no clue that the internet will one day be born out of his electricity inventions and that it will be mostly used for porn, so sit back, relax and enjoy the next 100 years of untold human history.
  - zaphar 4y ago
    As for what’s feasible and evidence on it, I assure you, Edison had no clue that the internet will one day be born out of his electricity inventions and that it will be mostly used for porn, so sit back, relax and enjoy the next 100 years of untold human history. This is a statement of faith. As such expecting it to win an argument involving logic is doomed to fail. You may be believe it but I and many others have no reason to.
  - nradov 4y ago
    As a voter, why would I do something so stupid as to put my country's economy under the control of a Ponzi scheme invented by incompetent programmers? That's just delusional, makes no sense at all.
  - wallacoloo 4y ago
    > Most world governments and taxing authorities work for their populace, they could be easily voted out if people saw what other nations are benefiting from such innovation. you've got a lot of faith in "most world governments and taxing authorities". here in the US, i look at other countries who include in their tax statements a breakdown of where all your tax bill is going. that looks like a thing those other citizens benefit from, so please tell me: how can i vote this into effect here?
JumpCrisscross 4y ago
> end commutes for all banking and central banking employees Because central banks and banks didn’t exist when we were on metal standards…

nradov 4y ago

There's no evidence that any of that would be technically feasible. And hypothetically even if it was technically feasible, the nation states which have taxing authority and hold an effective monopoly on violence would never permit it.

intabli 4y ago
Most world governments and taxing authorities work for their populace, they could be easily voted out if people saw what other nations are benefiting from such innovation. As for what’s feasible and evidence on it, I assure you, Edison had no clue that the internet will one day be born out of his electricity inventions and that it will be mostly used for porn, so sit back, relax and enjoy the next 100 years of untold human history.
- zaphar 4y ago
  As for what’s feasible and evidence on it, I assure you, Edison had no clue that the internet will one day be born out of his electricity inventions and that it will be mostly used for porn, so sit back, relax and enjoy the next 100 years of untold human history. This is a statement of faith. As such expecting it to win an argument involving logic is doomed to fail. You may be believe it but I and many others have no reason to.
- nradov 4y ago
  As a voter, why would I do something so stupid as to put my country's economy under the control of a Ponzi scheme invented by incompetent programmers? That's just delusional, makes no sense at all.
- wallacoloo 4y ago
  > Most world governments and taxing authorities work for their populace, they could be easily voted out if people saw what other nations are benefiting from such innovation. you've got a lot of faith in "most world governments and taxing authorities". here in the US, i look at other countries who include in their tax statements a breakdown of where all your tax bill is going. that looks like a thing those other citizens benefit from, so please tell me: how can i vote this into effect here?

JumpCrisscross 4y ago

> end commutes for all banking and central banking employees Because central banks and banks didn’t exist when we were on metal standards…