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RE: The Cryptocurrency Revolution is Simply a Revolutionary Way to Acquire the Old Currency

in #bitcoin6 years ago (edited)

Yup, this pretty well sums up my thoughts on the issue. Here are a few more: someone created a means of exchange out of nothing around 1917 and became exceedingly​ rich doing so; someone created a digital ledger in 2008 (created money from nothing) and became incredibly​ rich doing so. Neither system offers any equality of opportunity for 80% of the planet: both means of exchange--fiat and crypto--make very small percentages of people extraordinarily​ wealthy for doing next to nothing.
Decentralization: it's just a word! It would actually​ have to mean something to be relevant​! Everyone will eventually​ have to pay tax to the fiat masters on their crypto; crypto will not erase borders or the control mechanisms of borders; the eventual long-term​ reworking of the financial system as a means of tracking every exchange​ will create the largest bureaucracy​ in human history--the exact opposite of a free anarchist ethic! But, about 10% of the earth's population will get richer under crypto so our long term imprisonment under this new model is not relevant! Rant over:D

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Why is erasing borders a goal that you think is worth pursuing? History has shown we are better offer letting every tribe have its own little geographic area.

Why do you want to dumb down to the lowest common denominator?

Have you been reading Molyneux, dave? Of all the points you could have responded to in my post, why choose that one? You didn't even really grok the context of my point, either...Or so it seems to me. But I've no real desire to debate the merits of ethnonationalism other than to say if it's good for the goose it should be good for the gander. Just how do you propose to send every nationality​ back to their traditional tribal borders? Just curious about any plan you may have:)

I should add that the best hope for steem is that it becomes a type of basic income for most of humanity.