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I agree with you. I'm a crypto skeptic, but even in our own (US) history, you've had bank freezes, and at one point, if you held gold in your bank, it was confi

I agree with you. I'm a crypto skeptic, but even in our own (US) history, you've had bank freezes, and at one point, if you held gold in your bank, it was confiscated. Anyone who thinks these events are permanently in the past is ignoring the lessons of history.

junofan 4y ago
What’s a crypto skeptic? There’s a pretty clear use case here for some sort of money not controlled by violence, but by math, no?
- SlickNixon 4y ago
  > not controlled by violence You've obviously never fired an automatic weapon in a data center.
- Retric 4y ago
  Why would math alone have any actual value? I personally place the long term value of all current crypto coins at 0$. Risk makes them a poor medium of exchange for the average person, and new investors eventually want to have positive returns on their investments.
- JustFinishedBSG 4y ago
  > but by math Crypto is not any more "controlled by math" than french fries are "controlled by chemistry". I hate everything about crypto but this is by far the cringiest talking point; probably because I'm a mathematician.
- NikolaNovak 4y ago
  >>money not controlled by violence, but by math Can you please elaborate? :) My initial reaction is a massive groan at the seamlessly meaningless platitude, but that's unfair. Maybe you were in a rush, on the phone, and there's a cogent argument that I'd be eager to hear out. Edit: To elaborate: both "Controlled by violence" and "Controlled by math" I view as summarized and abstracted way beyond point of sheer uselessness; and only used to propagate a particular point of view. That point of view may be accurate or not, I may agree with it or not, but it does not include useful data or conduct a honest discussion. There's a lot of math involved in fiat money from central banks. There's nothing in crypto that may prevent or shield from violence. Individuals certainly earn money/wealth/value in certain way and their storage medium of choice cannot be summarized in such simple ways. And "Controlled by math" is massively misleading - at best, at best, we can say it has some origins in math. But it certainly is not controlled by math - it is ultimately controlled by people and institutions.
- SketchySeaBeast 4y ago
  Didn't elementary school teach us those who are good at math are still susceptible to violence?
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junofan 4y ago

What’s a crypto skeptic? There’s a pretty clear use case here for some sort of money not controlled by violence, but by math, no?

SlickNixon 4y ago
> not controlled by violence You've obviously never fired an automatic weapon in a data center.
Retric 4y ago
Why would math alone have any actual value? I personally place the long term value of all current crypto coins at 0$. Risk makes them a poor medium of exchange for the average person, and new investors eventually want to have positive returns on their investments.
JustFinishedBSG 4y ago
> but by math Crypto is not any more "controlled by math" than french fries are "controlled by chemistry". I hate everything about crypto but this is by far the cringiest talking point; probably because I'm a mathematician.
NikolaNovak 4y ago
>>money not controlled by violence, but by math Can you please elaborate? :) My initial reaction is a massive groan at the seamlessly meaningless platitude, but that's unfair. Maybe you were in a rush, on the phone, and there's a cogent argument that I'd be eager to hear out. Edit: To elaborate: both "Controlled by violence" and "Controlled by math" I view as summarized and abstracted way beyond point of sheer uselessness; and only used to propagate a particular point of view. That point of view may be accurate or not, I may agree with it or not, but it does not include useful data or conduct a honest discussion. There's a lot of math involved in fiat money from central banks. There's nothing in crypto that may prevent or shield from violence. Individuals certainly earn money/wealth/value in certain way and their storage medium of choice cannot be summarized in such simple ways. And "Controlled by math" is massively misleading - at best, at best, we can say it has some origins in math. But it certainly is not controlled by math - it is ultimately controlled by people and institutions.
SketchySeaBeast 4y ago
Didn't elementary school teach us those who are good at math are still susceptible to violence?

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