throwaway248329

10 ms·

61.
by throwaway248329 5y ago
The ends don't justify the means. If the benevolent charity starts putting people into camps, it's evil.
62.
by throwaway248329 5y ago
Privacy. You probably don't want every person who you send a transaction to, to know how much money you have on your "account".
63.
by throwaway248329 5y ago
The point is that you can grab your Bitcoin and move to a less disturbing jurisdiction.
64.
by throwaway248329 5y ago
The rich are also in debt, because the debt is cheap, especially if you're already rich. So inflation benefits the rich not only by increasing the value of their assets but also by wiping out their debt.
65.
by throwaway248329 5y ago
Bitcoin never had $50 transaction fees, I don't know what you're talking about. The fee right now is ~$1. For small purchases you can use Lightning Network and the transaction fee would be fraction of a cent.
66.
by throwaway248329 5y ago
> The real exploitation for 99% of the population isn't someone currency-manipulating your fortunes, it's being a de facto wage slave because we live in a system that decides at birth that you're a slave and 1% of people a
67.
by throwaway248329 5y ago
> El Salvador actually aren't transacting in BitCoin, they're doing transactions by having a number change in a centralized database somewhere that someone owns Wrong, people in El Salvador are using Lightning Network.
68.
by throwaway248329 5y ago
You don't need to have a bank account to buy Bitcoin. P2P trading is huge in Nigeria.
69.
by throwaway248329 5y ago
> Crypto solves problems very few people have. The enthusiasm relies on uneducated naivete. About half of the world's population lives in an authoritarian regime. Having a savings account that is not tied to your ID, is not seizable
70.
by throwaway248329 5y ago
The rich does not hoard fiat, they own assets which go up in price as the money supply increases. Meanwhile the poor has its savings eroded, their paychecks have less and less buying power and they are forced to negotiate to get a raise to
71.
by throwaway248329 5y ago
Don't forget WikiLeaks. /s
72.
by throwaway248329 5y ago
That's not how it works, energy usage does not scale with the number of transactions.
73.
by throwaway248329 5y ago
Inflation is a tax for poor people who don't and often can't hold assets that appreciate with time. It not only makes their savings worth less, but also makes their fixed salary have less buying power. The wealthy love inflation
74.
by throwaway248329 5y ago
> Even if it was the only currency of the world, it would still be controlled by those with more power. You don't have to be a miner to use Bitcoin and miners don't control Bitcoin. Miners can't force a protocol change, no
75.
by throwaway248329 5y ago
Miners don't control Bitcoin. https://en.bitcoin.it/wiki/Full_node https://en.bitcoin.it/wiki/Bitcoin_is_not_ruled_by_miners