7 ms·
I’m no shill for crypto, but you can’t with a straight face claim that all non-crypto financial instruments are ‘tied to … some sort of service that people want
by jen729w 2y ago
I’m no shill for crypto, but you can’t with a straight face claim that all non-crypto financial instruments are ‘tied to … some sort of service that people want’.
There’s a whole world of shady crap going on in the ‘legitimate’ financial space.
- INTPenis 2y agoOh absolutely. Money is the root of all evil. But crypto bros are often delusional about what intrinsical value exists in the normal market, compared to crypto coins where they invent the value. Therefore manipulation of value compared to real world markets becomes a lot more abstract.
- ColinWright 2y agoThe original saying is: "For the love of money is the root of all evil: ..." -- 1 Timothy, 6:10 It's not the money that is evil, it is the things we do because of the desire we have for it.
- brightball 2y agoYep, greed. Further correction though, it actually says “the love of money is the root of all kinds of evil.” If you really go down the rabbit hole, pride is probably the root of all evil. It’s certainly the root of greed.
- ColinWright 2y ago> it actually says “the love of money is the root of all kinds of evil.” That depends on the translation you're using[0] ... it might be interesting to go back to the original (as best we can). Also "all kinds of evil" can be interpreted in (at least) two ways, so it's ambiguous anyway. But as with all these things, it's perhaps best to use the text to spark a search for a truth, or at least a useful guiding principle. [0] https://www.biblegateway.com/verse/en/1%20Timothy%206:10 https://www.biblegateway.com/verse/en/1%20Timothy%206:10
- Natsu 2y agoYoung's literal translation is pretty good for those who don't read Koine Greek or otherwise aren't eager to break out a copy of Strong's concordance. It's interesting to see the minor difference between "a root" and "the root" for example: 9 and those wishing to be rich, do fall into temptation and a snare, and many desires, foolish and hurtful, that sink men into ruin and destruction, 10 for a root of all the evils is the love of money, which certain longing for did go astray from the faith, and themselves did pierce through with many sorrows;
- portaouflop 2y agoGod is the root of all evil, he created it after all.
- Natsu 2y agoEvil is not an object, so the verb "create" cannot be properly applied to it.
- latentsea 2y agoAt the root of all that is premature optimization.
- kfrzcode 2y agoHey, the customer is always right.....
- behringer 2y agoOne of the greatest uses of crypto is the ability to transfer any amount of money to any point on earth for next to nothing and no questions asked. That is worth more than most any other use for crypto.
- bandushrew 2y agoExcept that you cant, in a practical sense. I can sell crypto to anyone, anywhere. That cannot be used to purchase anything, anywhere. Its only useful for a very narrow subset.
- solumunus 2y agoIt can be exchanged for other currencies.
- ryan_lane 2y agoWhich requires KYC in most places, and then you're going to start getting asked about the source of those funds. You'll also need to claim it on taxes, which if lied about will cause additional issues. So, yeah, the "no questions asked" part is wrong. You can send money to anyone on earth, after a middleman takes a cut on your fiat exchange, the transfer, and the next fiat exchange, with questions asked, public for the world to see.
- behringer 2y agoYou're not being very creative if you can't find someone to buy your crypto.
- ozgrakkurt 2y agoWhy is this a problem if you are not doing anything illegal? It is much easier to send and receive money using blockchains
- ryan_lane 2y ago
- soulofmischief 2y agoHumans are the root of evil, and money is how we exert control.