I actually feel that way about a lot of ppl on nostr, particularly during discussions about crypto.
Discussion
Whats your hot take on crypto?
It depends what you mean. In general, I just don’t think it solves any problems and instead creates a whole bunch of new ones.
I mean , when you talk to people about crypto , what is it that causes tension?
I think it’s that crypto attracts ppl with a cult mentality. They really don’t like it when you question it.
What your definition of crypto though ? I hate that term .
Cryptocurrencies, including bitcoin.
Crypto is not Bitcoin . Crypto is dogshit .
Bitcoin is a cryptocurrency (well, “currency”). I agree that most of crypto is just a straight up scam though.
Bitcoin is exactly the same as any other cryptocurrency. Any attempt to disassociate yourself from the cryptards is a cope.
Objectively , it's not the same .
Objectively, it is exactly the same. The only difference is you ppl formed a cult around Bitcoin.
You just demonstrated how much you don’t understand either.
Explain how without scamming me with a book.
Bitcoin has no central issuer .
So… exactly like a thousand other cryptocurrencies.
Wow
Why do you think the *checks notes* 22,926 shitcoins exist if not simply as a greed-driven attempt to capitalize on the thing bitcoin has already accomplished?
There are other coins that work on the same principle but have more features or are variants somehow. So it’s not like it’s either bitcoin or crypto trash.
Questions are good , long as people don't get upset by the answer.
What problems does it create?
as presently configured, if we were to switch over to bitcoin tomorrow, and all remaining fiat dissapeared:
- economic scarcity
- a VERY wide gap between haves and have not's
- people hacking the blockchain, finding out where the bitcoin holders live, and robbing them blind so they can eat/pay rent, etc.
- technological barrier to entry. cash or card doesn't require specialized knowledge to operate.
- pretty much the whole world would have to figure out how to live with a fixed amount of currency.
- in short, it'd be like forcing socialism and communism on the entire world.
cc #[2]
Irreversible transactions are a problem generally. People make mistakes. Not to mention all of the scams and fraud, like ransomware.
-Economic scarcity what do you mean by this?
-We currently live is the biggest wealth gap in history, this is not a Bitcoin problem it’s a problem with concentration of power, fed, world bank, central banks, imf, wall st.
-bitcoin blockchain has never been hacked, ppl get robbed for cash, gold, jewelry etc all the time not limited to bitcoin. Bitcoin is arguably a lot harder to steal.
Barrier to entry due to technology is already lowering all the time ppl in Nigeria are sending bitcoin over sms services
Other currency could still exist bitcoin will just be the superior asset
It’s the opposite of socialism what part of it is socialism?
I was thinking along these lines:
Socialism is a political philosophy and movement encompassing a range of economic and social systems,[1] which are characterised by social ownership of the means of production,[2][3][4] as opposed to private ownership.
and yes putting wiki here as i cant easily type out of my early 1990s oxford english dictionary. :)
Using custodial services, defeating the entire point. Same with El Salvador.
exactly what it sounds:
bitcoin will create a HUGE diaspora if it was the only currency going. There will be billions that dont have it (assuming the c19 vax doesn't kill them first,) and there will be only a handfull of people that have bitcoin holdings.
One thing I find intersting is there is a general lack of granularity around how regular people are to attain bitcoins, just lots of literature citing basic laissez-faire concepts, and various marxist ideologies, interspersed with supply side fiat economic principles. they don't translate in a blended situation, or a total changeover.
not sure what you're precisely referring to, or most of the bitcoiners, either.
to me it feels as though an understanding of the current picture, the players, and the dominant situation aren't withstanding, which barrs a probabilistic understanding of where things may actually go or end up.
- power should not be concentrated, that much I agree. Everyone should be able to find land, build a home, and grow their own food and tend to their families, free of governmental policies, or having to buy the land.
- as far as never been hacked? its a computer, brother. dont think for a millisecond that EVERY single thing that happens here, or there on a computer connected to the internet, cannot be discovered, in fine detail granularity.
here's a very overview type article about the blockchain and hacking, very surface level. guy didnt do his homework.
https://www.epiqglobal.com/en-us/resource-center/articles/blockchain-can-be-hacked
Bitcoin is opt in it’s not required.
Give me one example of Bitcoin blockchain being hacked. Do you know what the Byzantine’s General Problem is?
https://futurism.com/blockchains-unhackable-getting-hacked
and so on.
i actually don't find discussing money all that interesting.
its a tool just like a hammer and nails. :)
Lol they hacked Ethereum classic bro no one has hacked the bitcoin blockchain
this may shock you, but I don't actually care one way or the other. :)
and okie dokie. :) hoping you have a lovely day today, and that its already going well.