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But can't you see what he actually wants? He wants normal banking and money transfer... but just to anybody, and for any reason. As an example, he'd like peopl
by amiga386 1y ago
But can't you see what he actually wants?
He wants normal banking and money transfer... but just to anybody, and for any reason. As an example, he'd like people to be able to pay him to draw bespoke furry porn for them. Or as another example, why can't a US citizen pay an Iranian citizen to do some work for them? (e.g. write a computer program)
That is totally possible. The only thing that stands in his way, and drives him into the arms of the cryptocurrency frauds, are moralising and realpolitiking governments that intentionally use their control of banks to control what bank customers can do with their money.
In an ideal world, government would only regulate banks on fiscal propriety and fair-dealing, and would not get in the way of consenting adults exchanging money for goods and services. But because government does fuck with banks, and sometimes the banks just do the fuckery anyway and government doesn't compel them to offer services to all (e.g. Visa/Mastercard refuse to allow porn merchants?), normal people start listening to the libertarians, the sovereign citizens, and the pump-and-dump fraudsters hyping cryptocurrencies.
He wants decentralised digital cash. How can it be done, if not Bitcoin et al?
- moritzwarhier 1y agoUse the a similar protocol with better properties (less energy consumption, better transaction usability) and start from zero. Also, I'm not sure if a radical lack of regulation / full decentralization is a good thing when we are talking about money. In my opinion, money should be regulated by governments. But this discussion tends to escalate and the arguments have been made ad nauseam, so I'm tuning out here, sorry.
- amiga386 1y ago> money should be regulated by governments It should, but nobody can quite agree on exactly what should and shouldn't be allowed. Fraud, everyone agrees no. Porn, drugs, guns, gambling, foreign work, etc. everyone has a different opinion; governments abuse their power to prohibit transacting "harmless" goods/services, the people who transact those things reject the prohubition and turn to grey and black markets, then suffer from the lack of strong regulation therein.
- moritzwarhier 1y agoMy point was not primarily money from illegal activities. While you are probably right about most of the liquidity in BTC coming from illegal activities (with the type of illegality often being secondary, by means of being almost universally agreed on). I was getting at the valuation and the value extraction that is derived solely from the sigmoid-like climb of value in cryptocurrency, which is driven by speculation on BTC as an asset, not just by increasing adoption for regular economic transactions backed by external value. Sure, the more traction and trust this system gains, the last part of my sentence (BTC backing "real value") might increasingly become true, making my argument moot. But the almost feudalistic problems of "initial" allocation are not unimportant, in my view.
- abareplace 1y agoEevee is she, not he. See the website footer and the home page.
- amiga386 1y agoMea culpa, I'll keep it in mind for next time (though the real Eevee is a Pokemon)