The reason money works the way it does is that it's almost entirely logically derived from hard requirements from everyone. Not that "the man" is trying to oppress you.
How do you justify that despite the blockchain being decentralized - that at any time, a dozen different people could immediately or long term ruin or muck with bitcoin’s policies and directions?
I’ll also at this time point out it’s a commodity in effect, not a currency really, but different topic.
Your argument seems to be the idealized “it’s open and no one owns it man” and not the reality that the only part that’s “free” is the mathy database part.
Most central banks in developed countries have delivered reasonable moderate inflation over decades. Also, in most developed countries you're free to hold other (fiat) currencies or real assets.
Of course, some countries have huge problems, but if they introduce capital controls, they are just as likely to prohibit you from holding Bitcoin as from holding other currencies.
I still don't see what problem cryptocurrencies are solving here.
And if you think unregulated exchanges aren't mucking with the market then I have a bridge to sell you.
Bitcoin is deliberately unaccountable. Someone did something we all agree should not be done? That sucks, we decided to mathematically prevent preventions of that.
And remind me, what happened to Ethereum to create Ethereum Classic? And apparently they are going to (or have already) done it again! It's capitalism for the poor, communism for the rich all over again.
And if you think central banks are unaccountable then why haven't they literally stolen all the money? With Bitcoin everything that can be stolen is. Central banks don't literally have armies.
For better or worse, America is the leading example of capitalism in practice. It undermines the whole brand of capitalism when they hand out 4 trillion to the banks then call it a day. Where does the integrity of the system come in to the debate?
That sort of thing was meant to be a hallmark of the communists, not first world nations.
I could go for getting rid of the government in plenty of areas. Your statement seems a bit extreme given the amount of corruption in Medical and telecommunications.
Examples: Your doctor sells you homeopathic remedy (i.e. water) and charges you all the money for it, saying it's real medicine. Oh, you say you'd Google the effectiveness before accepting? Sorry, no government to demand doctors don't flat out lie about what they give you.
Car accident? Sorry, pay everything you have right now or we won't even call your insurance company.
Telecom: Bob, CEO of the only company that sells phone service in your area, hates blacks so you can't have phone service.
You don't want "getting rid of government". You want good government.
Really you want law enforcement to find actual financial crime, but there are many people who draw an ABSOLUTE line against the police taking a look at your financial dealings after getting probable cause.
And they have these values at the same time.
Back to bitcoin: People want to use it to get around restrictions on moving money around. Often laws. Then when money gets stolen they want the police because stealing is a crime. This is just another way of saying "I want to follow only the laws I agree with, and others should always follow the law I want them to follow".
But in civilized society you can't just pick and choose which laws to obey.
I'm not saying you, but bitcoin is so full of these people that I'm just so sick of it.
Bitcoin is like the ultimate in law enforcement. Basically the only way to get the coin is through proof-of-work and ownership rules are rigorously enforced.
That's the stupidest thing I've heard all week. And it's been a long week.
How suspicious is that?
