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The slippery slope fallacy is a logical error where it is claimed that a relatively small first step will lead to a chain of events resulting in a significant a
by _imnothere 2y ago
The slippery slope fallacy is a logical error where it is claimed that a relatively small first step will lead to a chain of events resulting in a significant and undesirable outcome, without sufficient evidence to support that claim. This type of argument often exaggerates potential consequences to instill fear or discourage a particular action.
- bigyabai 2y agoI must have missed the memo, is cryptocurrency not being used to facilitate the illegal pornography and narcotics trade? Would be news to me.
- grandempire 2y ago[flagged]
- zdw 2y agoThe ratio of legal vs illegal transaction volume of USD is weighted overwhelmingly toward legal. The same ratio for cryptocurrency transactions is... most definitely not.
- tavavex 2y agoI don't particularly like crypto (mainly due to inefficiencies being common and it being a breeding ground for all sorts of grifters), but this argument doesn't convince me. Like... what ratio of legal-to-illegal transactions is permissible until you say "no, this is wrong, you can't use it even legally" or argue against it in a "only criminals use this, and you're not a criminal, are you?" way? If we followed the same chain of reasoning, we can still easily apply it to real money. Cash, especially nowadays, is probably far more likely to be used for illegal transactions than electronic transactions. It's hard or impossible to trace, it can be laundered far more easily, it's easier to cook the books or hide illegal transactions with cash. Does this mean we should move towards banning it, as our society becomes more anchored to digital banking and the ratio of illegality keeps growing?
- nksatoshi 2y agoI still hold to a theory that Satoshi Nakamoto is a brilliant North Korean engineer. The ability to steal Bitcoin with no consequence is an extremely powerful vehicle for a sanctioned country. Yes I get it's not likely but it would be so much more fun if it was true. There's a lot of talk about drugs and such, but just being able a tool for avoiding sanctions seems to be a bigger one that could be a reason to delegitamize it to drive the value to zero.
- tim333 2y agoThe vast majority of cryptocurrency transactions are speculation which is in fact legal.
- sollewitt 2y agoGlobal narcotics are about 1% of world trade. So in the worst case scenario the USD is doing about 99% more legitimate transactions than crypto.
- grandempire 2y ago[flagged]
- bigyabai 2y agoIf you normalize it against the legitimate uses, it's crypto by a country mile.
- grandempire 2y ago[flagged]
- bigyabai 2y agoThe finance definition, not the literal one: https://wikipedia.org/wiki/Normalization_(statistics) https://wikipedia.org/wiki/Normalization_(statistics) normalization may refer to more sophisticated adjustments where the intention is to bring the entire probability distributions of adjusted values into alignment.
- grandempire 2y ago[flagged]
- bigyabai 2y ago> that’s going to tell us crypto is bad? No but it does answer which is more crime-laden. > Just say you hate it. I don't hate it. I am a former Bitcoin maxi that watched the entire community commit suicide the moment KYC was imposed. When you remove the opportunities for fraud, money laundering, rug-pulls and illegal commerce, cryptocurrency atrophies.