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Hilariously sad to see this, where crypto has gone from an idea of economic freedom to economic handcuffs. Imagine the even more nightmarish world where a perso
by shakes_mcjunkie 4y ago
Hilariously sad to see this, where crypto has gone from an idea of economic freedom to economic handcuffs. Imagine the even more nightmarish world where a person on welfare has their entire economic life controlled by a completely faceless, heartless algorithm.
- AlexandrB 4y agoDespite the rhetoric, most of crypto subtly pushes for handcuffs of some kind. Consider how during the NFT craze some crypto proponents were claiming that, in the future, browsers will enforce NFT ownership so you can't copy/paste their apes. A lot of crypto seems to be about taking resources that are abundant and making them scarce. This even bleeds over into the real world, where crypto helped keep graphics cards a scarce commodity for years now. Crypto seems like a financial industry wet dream that pretends it exists to help the little guy.
- invasivemullet 4y agoI understand your point from a politically liberal perspective. However, in a social market system, earmarked funds and appropriated money is already flowing through the financial system, e.g., agricultural EU funding or even donations: not using them for the assigned purpose may be considered fraud, which can be legally punishable. So some parts of society seem to have agreed that under certain circumstances using money not for the assigned purpose is not desirable. And programmable money could support that.