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Not to mention that in that same decade crypto coins have failed at everything but item 1 the instant payment systems solved the problem of digital money transf
by gota 3y ago
Not to mention that in that same decade crypto coins have failed at everything but item 1 the instant payment systems solved the problem of digital money transfer beautifully (and legally)
Yours is a great way to explain it. I'd say - bitcoin and siblings are 'inevitable' like drug trafficking, not like breathing air
- jrm4 3y agoI really like this analogy, especially if you go deep on "drug trafficking," -- a corrupted, but not "wholly corrupt" activity that has potential to be legitimized and thus there may be a need to consider something other than "legal annihilation." (as in bootlegging was also once drug-trafficking)
- nonameking2026 3y agoThe government/big pharma just have a monopoly on drug trafficking. Heroin bad/Codeine good. Prozac good/marijuana bad. etc...
- jrm4 3y agoMy point exactly; Yes, "crypto" is useful for many presently illegal activities, but on its face, it is arguably "morally neutral," so you can reasonably throw it in with "encryption," "anonymity" etc -- potentially dangerous techs that the bad guys CAN use, but also important for freedom in the face of authortarianism.