3 ms·

Crime is the perfectly sensible default assumption for cryptocurrency apps in 2023. Accusing people of anti-cryptocurrency bias is like saying someone has anti-

Crime is the perfectly sensible default assumption for cryptocurrency apps in 2023. Accusing people of anti-cryptocurrency bias is like saying someone has anti-forest-fire bias; there are certainly scenarios where such a bias could be unfair, but the burden of proof is on you, not the other guy.

lcnPylGDnU4H9OF 3y ago
Since I love playing Devil’s Advocate... I can recall specifically two kinds of crime with cryptocurrency: “pump and dump” pyramid schemes and money laundering, which is hiding particularly nasty crimes like human trafficking. I won’t deny these are terribly victimizing things (that would be truly advocating for the devil). On the other hand, there are people who don’t enjoy the banking infrastructure that Americans have; people in nations without nearly the wealth of America. Now they have these open-source networks they can implement on their own terms. The people doing this research and making these offerings might be serving such customers, whether by practice or intention. Crime is not “the perfectly sensible default assumption for cryptocurrency apps in 2023” unless the one making the assumption is naive to these perspectives. This is an (unconscious) anti-cryptocurrency bias by definition: https://en.m.wikipedia.org/wiki/Availability_heuristic https://en.m.wikipedia.org/wiki/Availability_heuristic.
- idlewords 3y ago
  You're leaving off theft, fraud, tax evasion, and ransomware.
  - lcnPylGDnU4H9OF 3y ago
    All of those fall under "money laundering" and I wouldn't say any of those are worse than human trafficking, which I did mention (ransomware that doesn't care whether it's targeting hospitals and other critical infrastructure has a good case). Does it refute the argument that there are these other crimes which I didn't specify?

3 ms·

Crime is the perfectly sensible default assumption for cryptocurrency apps in 2023. Accusing people of anti-cryptocurrency bias is like saying someone has anti-

by idlewords 3y ago

lcnPylGDnU4H9OF 3y ago
Since I love playing Devil’s Advocate... I can recall specifically two kinds of crime with cryptocurrency: “pump and dump” pyramid schemes and money laundering, which is hiding particularly nasty crimes like human trafficking. I won’t deny these are terribly victimizing things (that would be truly advocating for the devil). On the other hand, there are people who don’t enjoy the banking infrastructure that Americans have; people in nations without nearly the wealth of America. Now they have these open-source networks they can implement on their own terms. The people doing this research and making these offerings might be serving such customers, whether by practice or intention. Crime is not “the perfectly sensible default assumption for cryptocurrency apps in 2023” unless the one making the assumption is naive to these perspectives. This is an (unconscious) anti-cryptocurrency bias by definition: https://en.m.wikipedia.org/wiki/Availability_heuristic https://en.m.wikipedia.org/wiki/Availability_heuristic.
- idlewords 3y ago
  You're leaving off theft, fraud, tax evasion, and ransomware.
  - lcnPylGDnU4H9OF 3y ago
    All of those fall under "money laundering" and I wouldn't say any of those are worse than human trafficking, which I did mention (ransomware that doesn't care whether it's targeting hospitals and other critical infrastructure has a good case). Does it refute the argument that there are these other crimes which I didn't specify?