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mettamage 6 days ago

While I'm not big on crypto. This is, in part, why Bitcoin exists and why it was created.

I'm not sure if Bitcoin is the right answer due to the 51% attack vulnerability. And a network of miners where everyone can join in principle sounds pretty yolo, but it seems the be the one of the few organizations that exist outside of government? At least, it does in principle, the fact that the whole crypto industry is a mix of scams and recreation of the actual finance industry isn't helping that case, but a part of it definitely still exists outside of it.

We need more digital systems that exist outside of governments. I'm not sure if it's feasible, but stuff like this is egregious.

I wonder what our view on all of this is in a 1000 years. People in the future probably look at us in disbelief with how we practiced our ethics.

gspencley 6 days ago | parent [-]

Maybe one day crypto will get there, but in 2022 we couldn't pay bills, taxes or payroll with crypto. At the end of the day it still needs to be converted into legal tender in order to be useful, and you need a bank account for that to do anything in the offline world, like pay for utilities or employees.