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Sorry, re the govt token - you are talking rubbish.
It's easy to avoid crypto scams, just as it's easy to avoid scams in the wider internet. It's a matter of education.
Supine
Newt Member
Because you don’t own any crypto so have no need to push the tech to increase its value?
8ball
Decolonise colons!
Ahumanist?
I know, I know. The world would be perfect if we put you in charge.
I'm sure you could come up with a wonderful way to control and coerce everone into doing the right thing, but instead I'll have to settle for second best, especially if second best is happening regardless of what you or I thinks.
Or perhaps people aren't so much pushing the tech, but merely countering misconceptions about it?
Storm Fox
Trying the find the next noun to verb
Why? If you need to interact with the Government you need to take their Token. Government agencies, schools or the government Healthcare provider would need to see this Token to provide you with a service. So the Chinese type Social Credit system is far more likely with Crypto than without.
If not, what did I miss? If your identity is tied to the blockchain, what is to stop an autocratic government doing this?
Dude.
littlebabyjesus
one of Maxwell's demons
No, I don't. We don't live in that world yet, and we're not really that close to it, although I can see how the drift away from cash contains within it these dangers. But we're not China and there's no inevitability that we will become China.
Maybe you can answer maomao's question here? Nobody else has been able to. How does the cryptoworld pay for his son's (very expensive) cancer treatment?
And I would take their token on a seperate wallet. Then what?
I can generate loads and loads of different wallets and the government can't stop ETH on ANY wallet, even the wallet I use for them.
This is yet another reason why the most sound money is ... Ether.
Is the cryptoworld touting a replacement for the NHS then? Am I?
littlebabyjesus
one of Maxwell's demons
How are taxes collected?
We're back to that question about what money is, aren't we? Worth considering kabbes' points about that.
'free at the point of need, paid for through general taxation'
How does that work in a cryptoworld? It seems a very fair question to ask. Pretty basic. you must have an answer.
8ball
Decolonise colons!
My initial search on "ahumanist" threw up 3 articles about obscure blockchain things, so I wasn't sure whether you were referring to that or making up words.
8ball
Decolonise colons!
I thought the whole point of crypto was that they're not.
Well, that and being able to anonymously sell drugs and child porn.
I tried to type antihumanist, which is also a made-up word, and it seemingly turned into ahumanist. I couldn’t be bothered to edit because I quite liked the word.
Storm Fox
Trying the find the next noun to verb
Then the wallet without the govt Token will not be able to interact with any other business as businesses by law have to take the Token. The govt can make the laws and force businesses to take the Token and anyway most people will take the Token for ease and if you have nothing to hide you have nothing to fear, 'You don't want to be one of Them' with Them being the hated group of the day.
8ball
Decolonise colons!
I quite like it but it skirts a bit close to "atheist", giving "ahumanist" the feel of a word that aliens might use to say they don't believe narcissistic talking apes with telecomms technology exist.
elbows
Well-Known Member
Gamblers and profiteers may well be attracted to currencies that have the potential to swing in value by a huge amount in a short space of time.
Others may be attracted to laughable myths about how safe these systems are from government intervention. But we are already well into the period where governments are willing to demonstrate that they still have trump cards up their sleeve - they can legislate and investigate stuff in a way that upsets the apple cart, they can shut shit down, they can drive a wedge between the world of 'legitimate finance' and all the crypto stuff. Crypto does not rob states of their power, doesnt stop them maintaining a monopoly on 'legitimate violence', doesnt rob them of their powers to sanction, disrupt and incarcerate.
elbows
Well-Known Member
And crypto certainly doesnt prevent those with power from enjoying the ability to manage a rigged game. It just adds another layer of game rigging to the picture, offers the opportunity for some people outside of traditional power structures to have some fun coming up with their own rigged games and then exploiting them.
In theory some of the ideas and technologies could be used in a different way, could be used to create layers that have some stability and security at their heart. But those most attracted to the technologies at this time are mostly focussed on a different sort of opportunity, the opportunity to make a quick buck, to gamble, to roam around a new frontier and be a law unto themselves.
In theory some of the ideas and technologies could be used in a different way, could be used to create layers that have some stability and security at their heart. But those most attracted to the technologies at this time are mostly focussed on a different sort of opportunity, the opportunity to make a quick buck, to gamble, to roam around a new frontier and be a law unto themselves.
Storm Fox
Trying the find the next noun to verb
Others spend time to research all the use cases, the fundamentals, including poltiicans.
I'm not going to get into an argument about how much power governments could wield if they decided to frustate crypto, but I won't, because I don't believe they will try to regulate crypto out of existance or make any genuine attempts to frustate.
Sure, the regulators themselves may have toxically corrupt relationships with banks, but it's the politicians who call the shots and I don't belive most of them are in the pockets of the bansk.
In the US, the crypto lobby is getting financially stronger, with many states being pro-crypto.
Tradional finance firms are getting in on the act, with Blackrock opening up a relationship with Coinbase so that Blackrock customers can buy crypto.
It is unlikely that any government will crackdown on crypto for any meaningful amount of time as they don't want to appear to be backward to an innovation that their compeitors could capitalise on.
The federal US goverment would have to worry about the backlash from a growing number of states and the effect it would have on the US dollar.
No one cares about the volatility. I'd happily take that volatility if it means long term growth.
Most Ether speculators have a 5 year horizon.
Storm Fox
Trying the find the next noun to verb
So it's no good as money then? Just long term investment. I thought ETH was better than money.
Today's change alone is half the current inflation rate.
You make claims, but you don't even mention anything as to WHY it is the way you think it is.
I'm arguing against proclmations here.
Stability and security? Neither Bitcoin or Ethereum have been down for a single minute since their conception.
I've listed many use cases earlier on this thread. They are ignored.
I feel like that if I actually listed hundreds good projects, you would still just maintain that it's about making a quick buck, gambling and buying drugs.
The uses for this tech are virtually unlimited. Already it's saving companies millions each year.
Prediction. You'll wind up using it, without realising you're even using it, then still proclaim it's a pile of crap.
If you was going to use it as a means of payment, you would simply buy as much as you need and send it.
You wouldn't be bothered by such a price swing.
littlebabyjesus
one of Maxwell's demons
Line Goes Up
littlebabyjesus
one of Maxwell's demons
Choose one, maybe? And provide evidence that it actually has done stuff, not just evidence of grand claims. There are plenty of grand claims that don't amount to anything at all in the real world.
Storm Fox
Trying the find the next noun to verb
Because I can buy 4% less stuff than I could 5 hours ago. or 47% less stuff than 6 months ago.
8ball
Decolonise colons!
I can see a lot of stuck queues at the tills while punters keep refreshing their phone until they can pay for what they thought they could afford when they went into the shop.
Cid
Proper break this time
I'm not sure how outside traditional power structures a person with a background in computer science, the money to risk on a new venture and the time to focus on it can get. Not to disagree with your broader points, just emphasising that x or y new thing generally just opens up opportunities for elements of the elite that are capable of taking advantage of them.
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