6 ms·

> These things don't have any utility otherwise and no reason to exist outside of those. Lol. Permissionless payments certainly have utility. Making it harder

> These things don't have any utility otherwise and no reason to exist outside of those. Lol. Permissionless payments certainly have utility. Making it harder for governments to freeeze/seize your assets has utility. Buying stuff the government disallows, often illegitimately, has value. Currency that can't be inflated has value. Any outside of pure utility, they have tons of ideological reason to exist outside scams and fraud. Your inability to imagine or dismissal of those is telling as to your close-mindedness.

daveguy 10mo ago
But without regulation they clearly devolve into scam and fraud vehicles. Crypto just isn't worth the time or effort for regular folks. I'm not sure what's going to happen first -- abandonment or bank run, but crypto like all unregulated banking systems, are destined to fail. I guess it could end up being regulated but at this point, with such pervasive scam/fraud use, that will probably just accelerate the bank run. Shouldn't you have already moved on to AI hype? The fact that you're still worshipping crypto is telling as to your close-mindedness.
- jobs_throwaway 10mo ago
  What have I said that indicates worship? I am simply pointing out that what you claimed was objectively false, and in response you moved the goalposts.
  - deleted 10mo ago
    [deleted]
  - daveguy 10mo ago
    Your statements of faith included: > Currency that can't be inflated... [seriously? the fact that you didn't even recognize that as a statement of faith, well...] > Outside of pure utility, they have tons of ideological reason to exist I mean, maybe you're in a repressive regime and really need a way to fight the system. But I'm guessing you just have faith in crypto ideology. Either way, have a great day!
    - jobs_throwaway 10mo ago
      Lmao Please explain how bitcoin can be inflated And recognizing a movement has ideological reasons while making no claim as to the strength or rationality of those reasons has nothing to do with faith
      - daveguy 10mo ago
        > Please explain how bitcoin can be inflated Make up a stable coin and pretend it has real money behind it while refusing to submit to an independent audit. Any other requests, buddy?
        jobs_throwaway 10mo ago
        that wouldn't be bitcoin, idiot?
        daveguy 10mo ago
        You asked how to inflate Bitcoin. I told you how to inflate all cryptocurrency. That includes Bitcoin. I didn't think the "buy Bitcoin with fake currency that is scammed to be the same as real currency" needed to be explicitly stated. But, I guess I should have known I wasn't dealing with someone who could put together simple inferences on their own. Have a nice life, I won't be bothering with you again.
JeremyNT 10mo ago
> Making it harder for governments to freeeze/seize your assets has utility Yes, doing crimes is indeed a valid use case.
- jobs_throwaway 10mo ago
  Ah yes, the government famously never gets it wrong or seizes the assets of innocents

daveguy 10mo ago

But without regulation they clearly devolve into scam and fraud vehicles. Crypto just isn't worth the time or effort for regular folks. I'm not sure what's going to happen first -- abandonment or bank run, but crypto like all unregulated banking systems, are destined to fail. I guess it could end up being regulated but at this point, with such pervasive scam/fraud use, that will probably just accelerate the bank run. Shouldn't you have already moved on to AI hype? The fact that you're still worshipping crypto is telling as to your close-mindedness.

jobs_throwaway 10mo ago
What have I said that indicates worship? I am simply pointing out that what you claimed was objectively false, and in response you moved the goalposts.
- deleted 10mo ago
  [deleted]
- daveguy 10mo ago
  Your statements of faith included: > Currency that can't be inflated... [seriously? the fact that you didn't even recognize that as a statement of faith, well...] > Outside of pure utility, they have tons of ideological reason to exist I mean, maybe you're in a repressive regime and really need a way to fight the system. But I'm guessing you just have faith in crypto ideology. Either way, have a great day!
  - jobs_throwaway 10mo ago
    Lmao Please explain how bitcoin can be inflated And recognizing a movement has ideological reasons while making no claim as to the strength or rationality of those reasons has nothing to do with faith
    - daveguy 10mo ago
      > Please explain how bitcoin can be inflated Make up a stable coin and pretend it has real money behind it while refusing to submit to an independent audit. Any other requests, buddy?
      - jobs_throwaway 10mo ago
        that wouldn't be bitcoin, idiot?
        daveguy 10mo ago
        You asked how to inflate Bitcoin. I told you how to inflate all cryptocurrency. That includes Bitcoin. I didn't think the "buy Bitcoin with fake currency that is scammed to be the same as real currency" needed to be explicitly stated. But, I guess I should have known I wasn't dealing with someone who could put together simple inferences on their own. Have a nice life, I won't be bothering with you again.

JeremyNT 10mo ago

> Making it harder for governments to freeeze/seize your assets has utility Yes, doing crimes is indeed a valid use case.

jobs_throwaway 10mo ago
Ah yes, the government famously never gets it wrong or seizes the assets of innocents