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oh, but I agree. I'm not advocating government spending. I'm only saying that in principle, ANY government is corrupt and the most wealth is accumulated by bein

by snitko 12y ago

oh, but I agree. I'm not advocating government spending. I'm only saying that in principle, ANY government is corrupt and the most wealth is accumulated by being close to the power (either by lobbying, favoritism, coercion or plain corruption). Government (both as a concept and as a specific entity in each country) is the source of most of the inequalities, not the cure.

jnbiche 12y ago
>most wealth is accumulated by being close to the power (either by lobbying, favoritism, coercion or plain corruption) Then you understand why people are so pissed about the 1%? The middle class, particularly under 40, is fucking suffering, man. That's not a good thing. If you're an honest man in the top 1%, you should be working like a demon to change the current system, because having so much resentment against the most wealthy doesn't bode well for your future (either due to extraordinarily high taxes or civil unrest, neither or which I am advocating for).
- snitko 12y ago
  This is why I believe in Bitcoin and work on its infrastructure. It doesn't need government. You don't need to ask for permission. There is no way you can massively steal it from individual wallets or in many cases even know that someone has a certain amount of money. Governments can't fund wars and can't just bail banks out by more taxation and printing more money. Bitcoin is the answer.
  - jnbiche 12y ago
    Yeah, that's one of the big reasons I got interested in Bitcoin, including contributions to its development. Unfortunately, it has attracted a huge swarm of scammers, pumpers, and other dishonest people as it's grown, so I've lost interest. While all the hacks are unfortunately part of a growing process, security will continue to improve[1]. I'm much more concerned about this type of people Bitcoin has attracted, and that much of its community has promoted. I'm particularly concerned that the constant influx of scammers may be inevitable in an anonymous or pseudonymous, irreversible currency, which a decentralized currency almost necessarily must be. 1. By necessity cryptocurrency may well bring about a rebirth in information security
  - jnbiche 12y ago
    By the way, in case you see this later, I didn't downvote any of your posts. Looks like someone wasn't happy with either of us.
    - snitko 12y ago
      Ah, yeah. Well, that's ok. I never downvote people with whom I have discussions here either. I think for some it's easier to downvote than to reply, which is fine with me.

by snitko 12y ago

jnbiche 12y ago

>most wealth is accumulated by being close to the power (either by lobbying, favoritism, coercion or plain corruption) Then you understand why people are so pissed about the 1%? The middle class, particularly under 40, is fucking suffering, man. That's not a good thing. If you're an honest man in the top 1%, you should be working like a demon to change the current system, because having so much resentment against the most wealthy doesn't bode well for your future (either due to extraordinarily high taxes or civil unrest, neither or which I am advocating for).

snitko 12y ago
This is why I believe in Bitcoin and work on its infrastructure. It doesn't need government. You don't need to ask for permission. There is no way you can massively steal it from individual wallets or in many cases even know that someone has a certain amount of money. Governments can't fund wars and can't just bail banks out by more taxation and printing more money. Bitcoin is the answer.
- jnbiche 12y ago
  Yeah, that's one of the big reasons I got interested in Bitcoin, including contributions to its development. Unfortunately, it has attracted a huge swarm of scammers, pumpers, and other dishonest people as it's grown, so I've lost interest. While all the hacks are unfortunately part of a growing process, security will continue to improve[1]. I'm much more concerned about this type of people Bitcoin has attracted, and that much of its community has promoted. I'm particularly concerned that the constant influx of scammers may be inevitable in an anonymous or pseudonymous, irreversible currency, which a decentralized currency almost necessarily must be. 1. By necessity cryptocurrency may well bring about a rebirth in information security
- jnbiche 12y ago
  By the way, in case you see this later, I didn't downvote any of your posts. Looks like someone wasn't happy with either of us.
  - snitko 12y ago
    Ah, yeah. Well, that's ok. I never downvote people with whom I have discussions here either. I think for some it's easier to downvote than to reply, which is fine with me.