5 ms·

So what, it's "play by our rules or get bombed" ?

• ibz 3y ago
  It is. It always was.
  • npoc 3y ago
    Bitcoin equalises this. USD is going to hyper-inflate to 0 relative to bitcoin, and bitcoin will ultimately be the world reserve asset.
    • bobim 3y ago
      And mostly all in the pockets of a few whales.
      • pixelpoet 3y ago
        As opposed to the US dollar, or euro, or ruble or ...? I will never understand how people fault crypto for not somehow magically solving the world's financial ills, as if humanity has ever had another (successful) plan for wealth distribution. How's that communism working out? Crypto is meant to solve the trustless distributed ledger problem, nothing more, nothing less. Expecting human nature to somehow change because of this technology is ridiculous.
        • bobim 3y ago
          Exactly the point, it’s not bringing any value to the society beyond what any currency is already providing.
          • pixelpoet 3y ago
            Simply asserting something doesn't make it true; concretely, before crypto, we had no means to trustlessly distribute a ledger, now we do and could start working towards a practical solution that doesn't let random banks and governments mess with currencies as much as they like. I'm not an economist but that seems like a pretty big deal. I'm not a bitcoin proponent by the way, and am well aware that it has massive downsides like the proof of work energy usage (addressed by proof of stake but often ignored because of bitcoin always taking the spotlight). I'm just sick of people naysaying without understanding the fundamental problem it actually does solve, and pretending there's no value or potential in the technology at all.
            • npoc 3y ago
              Proof of stake is not really any different to fiat. History has proven time and time again that sound money requires equivalent work to create.
        • kaycey2022 3y ago
          With the USD, Euro etc it’s in the hands of bloodthirsty warlords. This has always been the case so it’s mundane and kind of tolerable. With BTC otoh the “whales” are actually a bunch of fat neck beards who have no real power of their own. That is intolerable. I mean I would rather the world be ruled by a violent psychopath than it be ruled by some nerd.
          • pixelpoet 3y ago
            Wow...
    • qwytw 3y ago
      > world reserve asset. Except it's extremely unsuited for this purpose despite of what some delusional people might be thinking. No (at at least semi stable) country ever will use bitcoin as their primary reserve asset...
      • npoc 3y ago
        Because you say so?
        • qwytw 3y ago
          My argument is just as substantive as the pro-bitcoin ones and spending any meaningful amount of effort arguing with these people is just like fighting windmills. But no, not because I say so but because it's obvious if you have at least a cursory understanding of the international monetary system works.
          • npoc 3y ago
            Fair enough - your "no" vote is duly counted. > But no, not because I say so but because it's obvious Okay, so not because you say so but because you think so :)
            • qwytw 3y ago
              > Okay, so not because you say so but because you think so :) Well.. I mean it's a bit like the "climate change is fake" or "5G causes cancer" people. Getting into a serious argument with them only legitimizes their viewpoints and makes them seem just as valid for not good reason..
              • ForkMeOnTinder 3y ago
                - climate change is fake - 5G causes cancer - bitcoin is a scam Your substantive and well-reasoned argument fits right in with that list ;)
• gpderetta 3y ago
  https://en.m.wikipedia.org/wiki/Gunboat_diplomacy https://en.m.wikipedia.org/wiki/Gunboat_diplomacy