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> That is false and defamatory towards anyone whos used or worked on Bitcoin I will not withdraw this point. It isn't hyperbole. Cryptocurrency technology has
by mjburgess 4y ago
> That is false and defamatory towards anyone whos used or worked on Bitcoin
I will not withdraw this point. It isn't hyperbole.
Cryptocurrency technology has the economic and social incentive structures of ponzi and pyramid schemes; and primarily enables fraud. The purpose is avoiding the law.
The best that can be said, about the unwitting, is they aren't conscious of the incentive structures they participate in; and hence spread scams without realising it. This is indeed, how pyramid schemes work.
These libertarian ideological projects prove Hobbes point: absent governance, life in society is "nasty, brutish, and short".
The properties of these systems ruin people's lives for the sake of providing, at its "most noble", and ideological casino for people to cosplay a financial system. And that nobility is really just a pyramid scheme framing device for spreading the scam around.
The ideological window dressing is nothing more than "hey, maybe these vitmins will cure cancer. Dont you want to cure cancer?! Don't you think BigPharma is terrible?! Dont you think the healthcare system is broken?! Here, take 100 boxes of these vitamins -- everyone wants them!"
- nullc 4y ago> The purpose is avoiding the law. Your prior statement claimed that that "Crime [is] the point", have you weakened your position or are you just saying it another way? How is "avoiding the law" the purpose of Bitcoin? Please connect your argument to supporting materials.