Replying to Avatar Gregor

What did I ignore, tax avoidance?

I do experience my current banking system as described, call it dystopia if you want, I think corrupted suffices.

Aside from the conceptual aspects, I find it really absurd to consider paper notes, metal coins, a technology adequate solution for anything at this stage.

I mean, you designed a sophisticated electronic relay system yourself, and want to argue that we should rely on non electronic structures for commerce?

I honestly fail to understand the motivation, especially with BTC already up and running seemingly stable for over a decade.
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PABLOF7z 2y ago

if you think we're defending paper cash over bitcoin, you're mistaken;

we are defending paper cash over CBDC panopticoin.

obviously bitcoin is the only thing that works towards freedom whereas paper cash vs CBDCs are different sizes of a cage

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Gregor 2y ago

Nah, I just meant that I find it puzzling why someone aware of the clear advantages of electronic systems through BTC, would seriously advocate for a non electronic one in any capacity.

Because then you can go right back to argue for gold over BTC, the tangibility, works offline, natural value through material properties, all that.

I just say, make all systems electronic already, stop the cash Rube Goldberg machines that fool nobody in the end.

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fiatjaf 2y ago

Are you a programmer? Computers suck, internet sucks, electricity sucks, all engineering devices fails, things rot, there are bugs, unknown unknowns, unpredictable situations, the UX is poor, the code is old and no one understands it, people have different requirements and no software can ever be as flexible, spaghetti is real.

My bank apps fail at completely random times because of React Native or because of unknown server errors. Credit card machines fail or just lack connectivity at random times. I have to keep 3 different bank accounts because if I really need them for something I am always at risk of one of them just not working -- not to mention the fact that they sometimes just decide to ask me to take a picture of my face or something like that because of their own reasons.

And you want us to all move into a single central system completely closed, run by bureaucrats.