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> Not really that useful at the moment (and maybe never will be)? Yes. One of the only valid points of crypto is separating money from the government. However
by Hoasi 4y ago
> Not really that useful at the moment (and maybe never will be)? Yes.
One of the only valid points of crypto is separating money from the government.
However, its proponents emphasize obscure benefits that make it look more obtuse than it should. As they stand, cryptocurrencies, in the eye of the general public, look either like a Ponzi scheme, free money, or too convoluted to bother, as they solve nothing other technologies don't solve already.
- nradov 4y agoHow is separating money from government a valid point? Money is inextricably bound up with fundamental governmental issues including a monopoly over violence and the ability to levy taxes. Cryptocurrency might have some temporary utility for people physically stuck inside failed states like Venezuela but those situations are by nature unlikely to persist long term.
- Hoasi 4y ago> How is separating money from government a valid point? Money is inextricably bound up with fundamental governmental issues including a monopoly over violence and the ability to levy taxes. It looks like you've just answered your question right there.
- CRConrad 4y ago> > How is separating money from government a valid point? Money is inextricably bound up with fundamental governmental issues including a monopoly over violence and the ability to levy taxes. > It looks like you've just answered your question right there. Eh... Yes, indeed they did. Only, not in the way it appears you thought they did: Look up the word “inextricably”. Yup, money can't be separated from government – if it could be, whoever now ran money in stead of the old government would in effect be the new government. Hard to say if even trying is more evil than stupid or the other way around, vut that doesn't matter much, now does it?