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Cryptocurrencies were meant as a "grow your own food" thing in the first place, they are supposed to be decentralized. Hence it does not seem logical to go to
by RjQoLCOSwiIKfpm 4y ago
Cryptocurrencies were meant as a "grow your own food" thing in the first place, they are supposed to be decentralized.
Hence it does not seem logical to go to a "grow your own food" subthread and wonder why it makes a point about store-bought food not being grown at home.
As with all things in life, a golden rule applies:
If you don't like it then don't use it, that's ok!
- coffeebeqn 4y agoIt seems more like a case of someone inventing tomatoes and getting mad that industrial farms starts planting them. That’s not tomatoes! It’s supposed to be decentralized! Often the thing that’s envisioned by the creators is not the final say on market fit
- RjQoLCOSwiIKfpm 4y agoI don't care that the industry uses someone's tomatoes :) I merely care about the fact that the tomatoes are being called non-industrial even though they are 100% factory grown. I.e. Binance is not "crypto".
- notahacker 4y agoWorse than that. It's like people whose fortune is tied up in tomato plants insisting that none of the people eating tomatoes or exporting them or making sauces with them should be considered anything to do with the tomato industry If there were no exchanges to provide a friction-free way for speculators and suckers to buy Bitcoins and Bitcoin recipients to turn them into spendable cash, there would be virtually no demand to buy or accept goods for Bitcoins, and the supply of Bitcoins exceeding the demand for them would obviously render them useless as a "store of value"
- nradov 4y agoThe golden rule doesn't apply here. Criminals are actively using cryptocurrencies to commit many crimes including tax fraud, money laundering, and ransomware. That harms everyone, at least indirectly, even if we don't use cryptocurrencies ourselves. So tight legal controls are appropriate here. To draw an analogy, I support the individual right to keep and bear arms. But I don't want criminals to have access to weapons, and we can impose some reasonable rules to prevent that.