4 ms·

I'm a crypto user, I'm a former Ethereum miner, I've read white papers, I've paid with things with crypto....and I'm disenchanted with it. Crypto seems to be gr

by harmon 4y ago

I'm a crypto user, I'm a former Ethereum miner, I've read white papers, I've paid with things with crypto....and I'm disenchanted with it. Crypto seems to be great for three things: money laundering, tax evasion, and capital flight. Now, I'm not necessarily totally against those things as I think AML is excessive these days, I have a healthy distrust of government, and I value my privacy, but if you're not interested in doing those things then I struggle to see why crypto would be your go to solution for any problem. Can you name a problem which crypto has actually helped solve other than those? We've had billions of investment dollars and thousands of talented people enter this space and as far as I know basically nothing of real value has emerged as a result. I would love to be proven wrong though.

Consultant32452 4y ago
- na85 4y ago
  If your account got frozen it's because while you were idling your truck in downtown Ottawa protesting mandates that have already been mostly lifted you were being funded by suspicious folks abroad.
- deleted 4y ago
  [deleted]
- vlovich123 4y ago
  > Corrupt governments like Canada can't just shut down your crypto wallet because they don't like you peacefully protesting against them. Really? > As of Sunday, the national police force said in a statement, 219 “financial products” had been frozen, 253 Bitcoin addresses related to protesters and organizers had been given to virtual currency exchange operators, and a bank had frozen 3.8 million Canadian dollars held by a payment processor. [1] > Corrupt governments like Canada I'm also curious as to the definition of "corruption" you're choosing to use here, as it seems to be totally foreign to the one I understand the one I'm able to find definitions for online. You're free to go to the ballot box to vote in a different set of politicians or petition for reforms to be passed. The emergency act powers are certainly controversial & we can have a debate about whether those powers are overbroad but I don't see how that's corruption (in which case the PATRIOT Act and the TSA are corruption but then that word loses all meaning). We can have debates about the ability for law enforcement to ruin your life without the legal system even getting involved. That's still not corruption by any definition I can find. To my knowledge, the balances of these accounts weren't transferred anywhere. The government did this to disperse the protests that were phenomenally more disruptive to the Canadian economy than the BLM protests were to the US economy in a drastically less violent response than what the BLM protestors saw from Washington DC (& all around the country). Generally the definition of corruption I'm familiar with is members of the government making decisions that aren't in the best interest of the people they are governing but instead enrich themselves or their allies or otherwise wielding their power for self-interest goals, particularly through subterfuge and dishonesty. The goal of the government to be good stewards of the public good and for the public to have faith that they're doing that. Democracy depends on full information about the goings on of those in the government being available to voters. That's why subterfuge is generally a key component of corruption. [1] https://www.nytimes.com/2022/02/22/world/americas/canada-protest-finances.html https://www.nytimes.com/2022/02/22/world/americas/canada-pro...
  - Consultant32452 4y ago
    I don't want to change your mind or argue with you, but I don't want to share a country with you either.
- deleted 4y ago
  [deleted]

by harmon 4y ago

Consultant32452 4y ago

na85 4y ago
If your account got frozen it's because while you were idling your truck in downtown Ottawa protesting mandates that have already been mostly lifted you were being funded by suspicious folks abroad.
deleted 4y ago
[deleted]
vlovich123 4y ago
> Corrupt governments like Canada can't just shut down your crypto wallet because they don't like you peacefully protesting against them. Really? > As of Sunday, the national police force said in a statement, 219 “financial products” had been frozen, 253 Bitcoin addresses related to protesters and organizers had been given to virtual currency exchange operators, and a bank had frozen 3.8 million Canadian dollars held by a payment processor. [1] > Corrupt governments like Canada I'm also curious as to the definition of "corruption" you're choosing to use here, as it seems to be totally foreign to the one I understand the one I'm able to find definitions for online. You're free to go to the ballot box to vote in a different set of politicians or petition for reforms to be passed. The emergency act powers are certainly controversial & we can have a debate about whether those powers are overbroad but I don't see how that's corruption (in which case the PATRIOT Act and the TSA are corruption but then that word loses all meaning). We can have debates about the ability for law enforcement to ruin your life without the legal system even getting involved. That's still not corruption by any definition I can find. To my knowledge, the balances of these accounts weren't transferred anywhere. The government did this to disperse the protests that were phenomenally more disruptive to the Canadian economy than the BLM protests were to the US economy in a drastically less violent response than what the BLM protestors saw from Washington DC (& all around the country). Generally the definition of corruption I'm familiar with is members of the government making decisions that aren't in the best interest of the people they are governing but instead enrich themselves or their allies or otherwise wielding their power for self-interest goals, particularly through subterfuge and dishonesty. The goal of the government to be good stewards of the public good and for the public to have faith that they're doing that. Democracy depends on full information about the goings on of those in the government being available to voters. That's why subterfuge is generally a key component of corruption. [1] https://www.nytimes.com/2022/02/22/world/americas/canada-protest-finances.html https://www.nytimes.com/2022/02/22/world/americas/canada-pro...
- Consultant32452 4y ago
  I don't want to change your mind or argue with you, but I don't want to share a country with you either.
deleted 4y ago
[deleted]