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another hit piece on crypto with 0 substance. it's going to die anytime now!!!! how can you be so vemently opposed to programmable money?
by Zpalmtree 4y ago
another hit piece on crypto with 0 substance. it's going to die anytime now!!!! how can you be so vemently opposed to programmable money?
- docandrew 4y agoIt’s not obvious to me that money is something where programmability (whatever that means) is beneficial.
- AnimalMuppet 4y agoHow can we be opposed to tulip bulbs? They're even better! They're growable money! We don't necessarily have a problem with "programmable". It's the "money" part we have serious doubts about. The huge swings in value do not persuade us that it's very good at being "money". The other issue is that it's designed to be able to avoid all government control, which means all regulation. Events from Mt. Gox up to FTX show that the regulations serve a useful (or at least necessary) purpose. Avoiding them - making them impossible - leads to a financial world where many people lose their shirts. Those criticisms have substance. They are anchored in events that actually happened.