| > Are you claiming here that things like banks and stock markets don't exist? No, I am claiming that I couldn't spin up a bank or a stock market on my laptop, that is compatible with all the other stock markets, by forking a git repo. > that have no non-crypto counterparts, are you referring to? The git repo fork button, that slots right into a whole ecosystem that has 10s of thousands of contributors to it. Ease of use, and developer experience and existing markets and existing integrations with all of these businesses is a big deal. It doesn't matter if someone could hypothetically spend 1 billion dollars recreating all of that, using a database. Because that would require 1 billion dollars. |
| |
| ▲ | kiitos 6 days ago | parent [-] | | > No, I am claiming that I couldn't spin up a bank or a stock market on my laptop, that is compatible with all the other stock markets, by forking a git repo. yeah, and that's kind of very much by design -- regulations that prevent this kind of yolo nonsense are a feature and not a bug | | |
| ▲ | stale2002 5 days ago | parent [-] | | > and that's kind of very much by design Ok, so then Yes I have brought up a valid and in demand usecase, you just don't like it. Yes the point of all of this stuff is to make this usecase easy. Thats a real usecase. You just don't like that its easy. | | |
| ▲ | kiitos 5 days ago | parent [-] | | it's in demand by malicious actors, is the point we used to have markets that worked exactly like what you're describing, it immediately led to disastrous consequences for the broad base of society, and when we figured that problem out, we solved it with rules and regulations specifically designed to prevent abuses you can suggest reifications of those rules and regulations to make them better, but what you can't do is suggest throwing them out altogether, that's pure regression | | |
| ▲ | stale2002 5 days ago | parent [-] | | So then yes, it is in demand, there is a usecase, you just don't like the usecase. > but what you can't do is suggest throwing them out altogether Actually, that seems to be exactly whats happening. Bitcoin has been around for 17 years, and it and other blockchain technologies have only become better, more prevalent, more mainstream, and most importantly, more legal. The freaking president/vice president seem to be pretty pro crypto as well. I've been following bitcoin since 2010, and never in my wildest dreams back then would I have thought that the president would launch his own "Trump coin", for example. Crypto won. Beyond everyone's most extreme expectations. The "regulators" lost. Its over. You can cry about it, but that doesn't change the fact that it won. | | |
| ▲ | kiitos 5 days ago | parent [-] | | you're using trump coin as an exemplar? the obviously unconstitutional grift that perfectly demonstrates all of my points about the importance of regulations? crypto won?? get out of your bubble, my dude, you're high on your own supply | | |
| ▲ | stale2002 2 days ago | parent [-] | | > you're using trump coin as an exemplar? Its an exemplar of "The government definitely isn't going to go after the crypto space, as even something as ridiculous as this is allowed". | This is because you previously said "what you can't do is suggest throwing them out altogether". But if freaking trump coin exists, then it looks like, yes, we actually can throw out all the rules. > crypto won?? It won the regulation war, yes. Its not going away. If the president launched his own meme coin, then everyone else is safe. | | |
| ▲ | kiitos 2 days ago | parent [-] | | when you said "crypto won" you weren't talking about a regulation war, you were talking about a war between crypto and banking in general, in that war crypto has obviously not won, or even really entered the fight trump coin is obviously illegal, it has no bearing on any discussion of policy but you're obviously fully bought-in to the hype, so, you do you my dude | | |
| ▲ | stale2002 a day ago | parent [-] | | > when you said "crypto won" you weren't talking about a regulation war Yes that is what I was talking about. Its why I said: 'Crypto won. Beyond everyone's most extreme expectations. The "regulators" lost. ' You see that 'The "regulators" lost' part? That is where I was referencing the regulation war. Its why I used the word regulators. Crypto won, extremely, in the regulation war. It was in direct response to this statement: "but what you can't do is suggest throwing them out altogether" > trump coin is obviously illegal Ok. So then yes crypto was able to throw out the rules altogether. The rules are gone. They have been thrown out. Your original statement of "you can't do is suggest throwing them out altogether" isn't true. | | |
| ▲ | kiitos 18 hours ago | parent [-] | | ok well we are not talking about the same thing, keep on carrying that torch, i wish you the best |
|
|
|
|
|
|
|
|
|
