Well said.
symthetics
joined 10 months ago
Yep I definitely agree with your last point. And likewise, appreciate that we could have a discussion about this sensibly. Not sure a finite currency would solve these issues as they are human issues. My take would be addressing the human aspect of these problems through education, which is to be fair pretty unlikely to happen.
As you say though conversation is the way forward, whether we're taking about crypto or anything else. Cheers :)
It does matter, because with respect you changed what you class it as to support your arguement. Obviously there's still discussion on how to class BTC, but my understanding is the consensus outside of crypto is it's a speculative asset.
That's also why it would be terrible as a currency, from what I understand.
God this is ridiculous, sorry to hear you have to deal with such idiotic bullshit.
So you think it's an asset, not a currency?
You know bank transfers are almost instant across most of Europe right?
That's a US specific problem. Solutions already exist.
Yes, there are serious problems with the current system. I hear you, and I agree.
Fiat isn't the problem. These are problems with human behaviour, lack of oversight, and a system that incentivises bad practice.
Crypto does nothing to fix any of them, and in most cases simply makes them worse. It's not a solution, it's just touted as one by the crypto rich to bring in new money.
Just look at the rhetoric vs reality. It's not ok for governments to just print money on demand, but it is ok for Tether to print Tether on demand which they then use to buy shitloads of BTC to pump and dump the market?
It's the same shit, just even worse.
We're all being fucked over by the same ultra rich, and technology is not the answer to that.
Voting in and supporting people who want to start taxing these fuckers and holding them to account is a step in the right direction.
Do you know what a blockchain is? It's not cutting edge technology at all.
You're right though, there is a compatibility problem.The BTC network is designed to be inefficient and it's slow as fuck. Why would we replace a fast and pretty efficient system with a slow one that also makes your money unrecoverable if you make a typo?
That's not even touching on how fun it would be to buy your groceries when BTC crashes 20% overnight.
Or how ridiculously convoluted using crypto is in general. And how easy it is to get hacked, scammed, rug pulled.
It's complete fantasy mate. I'm guessing you're deep in the crypto space from your comments, which are the same old non arguements over and over, so no one ever talks about any potential negatives. That in itself should tell you everything you need to know.
I'm not saying you can't make money with crypto, but it's a casino and nothing more. The rest is just feel good bullshit sold to you to make you buy and hold, generally.
Is it a currency or an asset? You replied claiming it's a currency below.
Calling it a currency is generous. I know it's meant to be, but let's be honest - you're not buying the majority, or probably even any, everyday goods or tech with your BTC are you? Most people certainly aren't. And most BTC owners certainly aren't. They're holding to the moon.
That is 100% the crypto mentality. I got mine fuck you if you didn't.
Just use an ad blocker? I've used that wiki loads and honestly can't blame the guy for wanting to try and make a bit of money for his and other people's time and effort.
That said maybe patreon or something would have been a better idea.