What is unpredictable or unreliable about the monetary policy of bitcoin?
In 2028, how many new US dollars will enter circulation? How many bitcoin?
710 karma · joined July 28, 2012
In 2028, how many new US dollars will enter circulation? How many bitcoin?
You have a lot to learn then because your analogy is weak. PoW vs PoS debate is one of decentralization, power, democratization and control.
As for bitcoin being dated: it’s ossification is intentional. It is, by design, a predictable and reliable monetary system.
You do realize crypto can be wrapped up in a settlement layer, right?
Cash has the same problems until you introduce a settlement system.
I don’t even know how to respond to this sort of caveman “it evil” thinking but..
> funding of rogue nation states
Rogue according to you?
> straight-out tax evasion
Avoiding the violent theft of your hard earned money is now evil?
> We also have dictators and despots who plunder their countries and enrich themselves. Should their activities be private?
Their money should be. Store of value should be.
> Should we just allow them to siphon money off to other countries and live the high life while their population suffer?
This is a question that has very little to do with whether money is private. Inequality is not impossible to detect even if money is private.
> And what about our own democracy? Absolute financial privacy can allow wealthy interests to brazenly buy politicians, with guarantees of untraceability.
They don’t even need privacy. They do it in broad daylight.
Tornado Cash is not a company and nobody operates it. It is a privacy protocol.
Better to say “If I am a HTTPS”…
Tornado Cash is not a money laundering operation. It is a privacy tool.
With your logic we’d lose 100% of our privacy.
Privacy of your own home? You could setup a drug lab.
Privacy of your own phone/computer? Can run an illegal operation.
Privacy of your own USD cash? Could be used for illegal transactions.
The better question: what privacy is there that couldn’t theoretically be used to evade the law?
Tornado cash is used by people who buy crypto on centralized exchanges, want to take private self custody of their crypto without the CEX or other entity spying on them.
Cell phones are used in laundering. Let’s ban cell phones.
> privacy - noun - the state or condition of being free from being observed or disturbed by other people.
We have the right to privacy and this is what privacy means.
I might put it this way. The story is cast in terms of a good side, and a bad side, beauty against ruthless ugliness, tyranny against kingship, moderated freedom with consent against compulsion that has long lost any object save mere power, and so on; but both sides in some degree, conservative or destructive, want a measure of control. but if you have, as it were taken 'a vow of poverty', renounced control, and take your delight in things for themselves without reference to yourself, watching, observing, and to some extent knowing, then the question of the rights and wrongs of power and control might become utterly meaningless to you, and the means of power quite valueless. It is a natural pacifist view, which always arises in the mind when there is a war.
The Letters of J.R.R. Tolkien 144: To Naomi Mitchison. April 1954
Probably the people who most need to understand why he is in there.
Tom is entirely beyond caring about "good" or "evil". His peace is such a vital contrast to every other character and has stuck with me over time.
How would you build a decentralized, cross-chain asset exchange without a blockchain?
I agree there are far too many superfluous tokens. But there are plenty of real projects that are based on blockchain.
Do you have proof or some source to support this idea?
So you’ve made a definitive conclusion and will now approach information with this bias.
> At this point, you can turn on the news and the evidence is right there.
> If you see the abuses and think "well, they deserved it" or "ah it's a few bad apples" I'm not trying to speak to you. I don't think we'd really ever find common ground.
The media has a narrative. They push all anti-cop stories as part of their storyline.
Every single day there are cops putting their lives on the line to do good. And you will never hear a single story of their heroics. The coverage is nearly 100% negative on the national level.
I’ve personally dealt with horrible cops that should absolutely be fired and heroes that deserve community recognition for their bravery.
I agree with you on one thing: we’d likely never find common ground. I cannot respect people that fall for the news storylines hook, line and sinker.
What they deem outright information may in fact be true. And even allowing clear misinformation (1+1=3) is important. We need people to learn to process information not protect them from it. Using 1+1=3 analogy, wouldn’t you want people to rally around tooling people to learn math?
Or they’re more capitalist in their thinking and expect people to take care of themselves as opposed to leaving it up to the government.
Who is right and who is wrong comes down to opinion. But I don’t believe it’s as simple as “the other side doesn’t care as much as we do”
Censorship is bad even when legally permissible. And we should still fight corporations acting unethically even when the law is on their side.
It was Trump’s fault!! /s
So what you’re saying is we should be more concerned with defense and accept that viruses will be engineered. I don’t disagree with this line of thinking but I also believe we must be on the offensive too. We can’t just accept that labs will build viruses.
This is extremely naive. Do you really believe it won’t happen all over again?
The real crisis is not Covid. It’s how easy something even worse than Covid could be started today.
When you say “we”, who do you mean exactly? How did they cook them?
Can you explain why you believe the pandemic is not over?
Even if it wasn’t a lab leak, it could have been. So whether it was or was not should not change your opinion about the danger of this type of research.