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Somehow it's already Sunday, and thus time for #SkepticismSundays 🤔

The goal of this thread (which I'll post weekly on Sunday's) is for discussing the uncertainties, shortcomings, and concerns some may have about Bitcoin.

NOT the positive aspects of it.

Discussing things with a critical thinking approach and level-headed discussion helps us learn where Bitcoin and it's community can improve and go from there. We had a *fantastic* amount of good conversations last week so I can't wait to see this week's!

What's gotten you thinking, has you concerned, or always irked you about Bitcoin, its ecosystem, etc. this week?

JamPower 2y ago

Let me tell you, I was hit with this idea of a totally free system where we use #Bitcoin to transact, and at first it sounded amazing, but then it hit me like a People's Elbow. When there's too much freedom, the bad guys come out to play. They've got big egos and the ability to mislead people. That's why I'm thinking regulation might be necessary, and maybe even some political involvement to keep things balanced. It's all about making the government less tyrannical, if you catch my drift. Those are just my thoughts, but if you ask me, it's time to lay the smackdown on these villains.

#Nostr #PlebChain #grownostr #4v4

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Discussion

BHN 🍁 2y ago

Right, but a lack of regulation is one of the only appeals Bitcoin actually has. Once it's regulated its dead as it is now controlled by the "bad guys".

Just look at every other shitcoins attempt at regulation and you will see abuse.

JamPower 2y ago

I understand your point, but I feel like finding a sweet spot could be really helpful. At the end of the day, it's a decision about using bitcoin, and we need to make sure we find the right balance.

BHN 🍁 2y ago

Regulation is the imbalance that allows central control and network wide harm. Regulation will only make Bitcoin an extension of the already globally harmful fiat system.

If bitcoin were to ever capitulate to any regulatory body of any country it loses all of my confidence forever.

JamPower 2y ago

But how to use it freely? The distruction of nations has lead to a lot of chaos, for example the Holocaust, with the destruction af the polish nation, or well I guess in history there is other examples. I really just want to be sure i have the freedom to use my hard earned sats. I love freedom, just dont know if everyone is really able to live in a place of no regulation.

I come from a country where basically anarquie rules in my gov. Guatemala, and I tell you. In there you can do what ever the heck you want. Now I have a swiss family, with a goverment that seeks for neutrality, and man, it is beautiful to live in a system that works. At least for now.

<old>cypherhoodlum 2y ago

Systems that work only work for those who are willing to accept near-absolute compliance, though. It's the question of security vs. freedom, you cannot have both. And a system that "works" doesn't work very well for a cryptoanarchist striving for privacy.

<old>cypherhoodlum 2y ago

The sweet-spot might be found in geopolitical arbitrage. Go where you are treated best.

<old>cypherhoodlum 2y ago

I second this. Most attempts to regulate Bitcoin "because of the bad guys" will be attacks on the cryptoanarchist ethos itself and try to weaken Bitcoin.

BHN 🍁 2y ago

The welfare of the people will always be the alibi of the tyrant.