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> is censorship resistance through genuine self-custody. https://davidgerard.co.uk/blockchain/2018/04/05/debunking-but-bitcoin-is-like-the-early-internet/ htt

by chx 3y ago

> is censorship resistance through genuine self-custody. https://davidgerard.co.uk/blockchain/2018/04/05/debunking-but-bitcoin-is-like-the-early-internet/ https://davidgerard.co.uk/blockchain/2018/04/05/debunking-bu... > Ordinary person: “Your weird Internet money sucks to use. It’s slow and expensive. I lost my coins by mistake and it can’t be fixed. If I get hacked it can’t be fixed either.” > Bitcoin advocate: “But everyone wants [list of ideological aims held only by weird people]! Everyone I know, anyway.” But in specifics, censorship resistance? I just read that in an article. https://www.wired.co.uk/article/sex-workers-crypto-failing-them https://www.wired.co.uk/article/sex-workers-crypto-failing-t... > “You get on an exchange for as long as you can, until they shut your ass down,” says Knox. “You quickly [run out of exchanges], so you sit on a lot of useless money. The whole ‘crypto is permissionless and censorship-resistant’ thing is a bunch of bullshit.”

pcthrowaway 3y ago
Centralized exchanges are not "blockchain" they're more like Venmo
ETH_start 3y ago
Being slow and expensive doesn't make something a scam. If you falsely label the blockchain as a scam, and want people to not have even the option of using, I contend that your real issue is with people having self-custody over their money, and thus you believe in a modern form of serfdom. All your sophistry aside that is.
- chx 3y ago
  The scam nature is explained in the links in my thread opener: https://news.ycombinator.com/context?id=37368544 https://news.ycombinator.com/context?id=37368544
  - ETH_start 3y ago
    That has already been refuted: https://news.ycombinator.com/item?id=37368625 https://news.ycombinator.com/item?id=37368625 Please read the responses and don't encourage flame wars.
    - chx 3y ago
      There is not a word that would contend any of the arguments made. If you meant: > The only fundamental difference inherent to the respective designs of blockchains and traditional banking, is censorship resistance through genuine self-custody. Then this is nonsense. The fundamental difference between the two is that one deals with real money while the other does not.
      - ETH_start 3y ago
        One can deal with any money on the public blockchain, like USD-backed stablecoins.

by chx 3y ago

pcthrowaway 3y ago

Centralized exchanges are not "blockchain" they're more like Venmo

ETH_start 3y ago

Being slow and expensive doesn't make something a scam. If you falsely label the blockchain as a scam, and want people to not have even the option of using, I contend that your real issue is with people having self-custody over their money, and thus you believe in a modern form of serfdom. All your sophistry aside that is.

chx 3y ago
The scam nature is explained in the links in my thread opener: https://news.ycombinator.com/context?id=37368544 https://news.ycombinator.com/context?id=37368544
- ETH_start 3y ago
  That has already been refuted: https://news.ycombinator.com/item?id=37368625 https://news.ycombinator.com/item?id=37368625 Please read the responses and don't encourage flame wars.
  - chx 3y ago
    There is not a word that would contend any of the arguments made. If you meant: > The only fundamental difference inherent to the respective designs of blockchains and traditional banking, is censorship resistance through genuine self-custody. Then this is nonsense. The fundamental difference between the two is that one deals with real money while the other does not.
    - ETH_start 3y ago
      One can deal with any money on the public blockchain, like USD-backed stablecoins.