A timeline of some of the greatest hits in cryptocurrencies, NFTs, and other web3 projects since the beginning of 2021

walks in

sees comment to upvote ratio

grabs popcorn and sits down

CommieWally
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819d

I wish crypto was real so I could piss on it.

👏 web 👏 3 👏 ≠ 👏 cryptocurrency 👏

krolden
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419d

What about weeb 3?

Weeb 3 is people buying NFTs of their favourite Overwatch character rule34 artist who alao happens to be a girl they simp about.

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20d

now do all the banks that have ever been hacked, all countries that have ever experienced hyperinflation, all small businesses that have had their accounts frozen become some algorithm flagged their account as suspicious, all instances of persons/countries being shut off from the banking system by governments whether or not you agree with the reasoning behind the ban and all the human rights violations that occur for us to get precious metals and other commodities

The issue is you see the issues in the current monetary system and you want to “innovate” the issues away. This is not possible. It’s not the technology backing the economic system that’s an issue, it’s the economic system as a whole, and this doesn’t represent any real innovation that couldn’t be accomplished any other way in any practical sense. It’s just a techbro veil thrown over the same speculative assets that have been nothing but get rich quick schemes and contribute no real value or “freedom” for anybody.

It may find adoption in the third world by bourgeois states and those looking to bypass Amerikkkan restrictions (like Cuba and Venezuelan citizens under isolation forced by the U.S.), but that’s because there’s loopholes in legislation that won’t exist forever. The earth burning currency has no application for the first world, and it only has limited application for the third world because of the economic system that crypto will entrech even further. This isn’t a real solution to anything except making yourself rich off of systems that regular people don’t understand

lol

What do you mean by ?

earth burning currency

I am an environmentalist but if you are implying bitcoin is bad because it consumes too much energy I suggest you read some of the articles about comparing it to current banking system.

Banks and capitalist businesses accelerate environmental damage despite overwhelming world public opinion being that scaling back and tackling climate change is really important, so no this isn’t a defense of banking and capital etc, I’m saying this is an especially terrible outgrowth of that. If you really think comparing banking and bitcoin’s energy use is possible, useful, or worth doing though, it’s not, because bitcoin money transaction stuff and all the money being pumped into it pushing up the total required computing exponentially is by the same freaks who take out trillions in naked shorts at the expense of actual material production or print most of the world’s fiat currency in the past two years so keep their shit afloat. Bitcoin is bad because it’s an extension of that terribleness and not an escape from it, even if it somehow wasn’t being used by speculative rich people it would just run into the same issues as real life capitalistic currencies and create a new different class based system.

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20d

“bourgeois states” what Congress cannot pass any law that can stop the bitcoin protocol from allowing any transactions. It has the same use both in the first world and the third world the preservation of purchasing power also all cryptocurrencies do not use proof of work. Crypto has no bearing on any economic system. How is it making me rich if I don’t speculate with crypto and actually use it to purchase goods and services

It has the same use both in the first world and the third world

Correct. The use is speculation and scamming people out of their money. There is some secondary use to go around some sanctions, I’m sure the Russian oligarchs also appreciate that.

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20d

are you illiterate does it like look any of the persons in the articles I linked are speculating to you/scamming others

are you illiterate

What is it with you and ad hominems?

does it like look any of the persons in the articles I linked are speculating to you/scamming others

No, you successfully cherry-picked a few that don’t. That’s why I said “there is some secondary use to go around some sanctions.”

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-720d

op says crypto can only be used by scammers and rich techbros so obviously providd evidence to the contrary to show that people do use it for empowerment people use the usd and all the major world currencies for horrible things too but no one with a brain would say they’re useless based on that

op says crypto can only be used by scammers and rich techbros

Where exactly does op say that?

obviously providd evidence to the contrary to show that people do use it for empowerment

Here, have a link how banking system can be used for empowerment. Does this alleviate your issues with the banking system? 🤣

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-320d

Where exactly does op say that?

It’s just a techbro veil thrown over the same speculative assets that have been nothing but get rich quick schemes and contribute no real value or “freedom” for anybody.

It’s just a techbro veil thrown over the same speculative assets that have been nothing but get rich quick schemes and contribute no real value or “freedom” for anybody

That’s what @GayLegend@lemmy.ml said, not the op (@sexy_peach@feddit.de). Is the rest of your evidence just as accurate?

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-420d

obviously I meant the op of the reply

Edge cases exist in everything, but when you google “crypto” do you get shitcoins and eventual pump and dumps or do you get information and a tool to liberate yourself somehow? You get the former. You can bring out any number of single cases where it’s benefited somebody in a way that lets them perform some task or create some value, but you know you’re being dishonest if you say that’s where the majority of money pumped into crypto goes or even where the majority of it’s usecases comes from.

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19d

who cares what other people use it for what matters is that it’s valuable to me so that I can send money to whomever I want to and preserve my purchasing power

How’s that “purchasing power” being preserved on the roller-coaster that cryptocurrencies are.

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look at the value of all the world’s poorest countries currencies’ compared to btc

Bourgeois states are those controlled by a bourgeois class, this is an umbrella term for all non-socialist countries. Also yes, the government of the United States could outlaw cryptocurrency and make adoption impossible for 99%, but they never will because it’s in their (rich people) interests. For you, a regular person, being able to send money using math and a year’s worth of car emissions has no real or tangible benefit for anything except maybe buying drugs. For a rich person, cryptocurrency is speculative assets that can be assigned arbitrary values and used to dodge taxes and cook books, make contracts last forever and when the terms become unfair say “oh well”.

What I’m saying is that the issues crypto enthusiasts say will be fixed won’t be fixed because the class politics in economy are not addressed by cryptocurrency. Crypto is just intangible assets that can be assigned arbitrary values and traded, which is called a speculative asset, and those have existed for a very long time and have revolutionized nothing. If crypto actually benefited regular people like you and me more than it benefited rich people it would have been killed in the cradle like anything genuinely liberatory in the 1st world.

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There is no such thing as a socialist country even Cuba recognizes private property see their latest constitution.Who cares what the US government does it matters zero they cannot stop people from sending btc to each other even if they tried to slaugther everyone in zimbabwe and other repressive states they try to do exactly that just replace btc with usd and the people still refuse to use their national currencies and have you considered that I and other people don’t live in the US shocking I know but it’s true. Yeah it has tangible benefit I’m able to freely send currency to whomever I feel like for whatever purpose.You do realize rich people have dodged taxes for centuries and write unfair contracts , right? They don’t need crypto to do that and there’s nothing in this life that benefits only poor people nor is it relevant if it benefits rich people what does the guy in Nigeria who’s been blocked from the banking system because he protested against government repression care if some people speculate on the asset I sent him

They don’t need crypto to do that

No, but it helps immensely, as regulation has not (yet) caught up. Old scams, new space.

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20d

it doesn’t help immensely since they’ve been doing it for centuries easily without it

That’s just, like, your opinion man.

There is no such thing as a socialist country even Cuba recognizes private property see their latest constitution

Oh damn I’ll let their communist party know, I guess when material conditions dictate that the socialist party at the helm of government should go one way in order to help development and help the people it’s bad, they should actually stick to idealism and keep doing the same thing over and over again until it all falls apart or something.

Also I think you’re maybe starting to get the gist of what I’m saying about crypto, when you’re older you might understand that it’s overall effect on society is bad and cringe.

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-219d

Communism’s main differentiating factor is literally no private property so if a country is claiming to be communist but violates this basic property it’s clearly not communist and that’s revisionism. Don’t be condescending to anyone to anyone based on their age just because they don’t agree with you I will not change my opinion on something because people do bad things with it, it is completely irrelevant how other people misuse something.

Communism is unattainable in current society, there are no communist societies yet, and communist revolutions only put a communist party in charge of a country or region that still has to exist in the current world order. There are no communist nations, because nations arose primarily out of class struggle and a communist society would be one without class struggle, so no country, so there never will be a “communist nation”. We can only right now put a party in charge that understands and is guided by socialist theory and socialist principles, which is called AES (Actually existing socialism).

Revisionism is misunderstanding basic socialist theory like what you just typed

None of this is related to crypto anyway, you just don’t understand that new technologies will incentivize people to use them in specific ways, and these incentives in this case create an overall terrible effect on society that has already ruined lives and wastes precious labor and engineering talent. That’s why I’m saying you’re young, because it’s something you understand when you get old, and it’s not something I understood when I was young.

The incentives created by crypto lend itself to being used for bad things no matter the original intentions of anybody who makes any system or writes any code, the longer it’s allowed to exist as meme currency the more harm it will do to society at large. Any number of small stories of somebody actually being able to pay for a burger with only $100 of gas fees are massively outweighed by families losing their money because mom tried to get rich on a shitcoin because they’re poor and looking for any way to get out of their economic strife.

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I’m not naive which is why I don’t believe in communism read this https://lemmy.ml/post/255553?scrollToComments=true and tell me if anything in that would make you want to live in China or any other country guided by a socialist party. THE WHOLE FUCKING POINT OF COMMUNISM IS TO CREATE A MARKETLESS, WAGELESS, CLASSLESS AND MONEYLESS SOCIETY WHERE THE MEANS OF PRODUCTION IS COLLECTIVELY OWNED. ALL COMMUNIST COUNTRIES LITERALLY STAGED VIOLENT REVOLUTIONS AND COMMIT MASSIVE HUMANS RIGHTS VIOLATIONS FOR THE PURPOSE OF CREATING THIS SOCIETY NO COUNTRY THAT HAS/HAD A COMMUNIST PARTY IN POWER HAS EVER EVEN COME SLIGHTLY CLOSE TO THIS IDEAL BUT INSTEAD HAVE BEEN/ARE STATES WHERE ALL THE MEANS OF PRODUCTIONS ARE OWNED BY THE STATE AND ANY BUSINESSES THAT ARE ALLOWED BASED ON THE GRACES OF THE PART, WITH LAND BEING EXPROPRIATED BY THE STATE FOR BASICALLY FREE TO SELL TO MULTINATIONAL CORPORATIONS, RULE BY DECREE INSTEAD OF RULE LAW, HUGE AMOUNTS OF BUREAUCRACY, NO RIGHT TO UNIONIZE AND NO PRIVACY ETC “ACTUAL EXISTING SOCIALISM” DOESN’T RESEMBLE ANY WRITINGS OF ANY MARXISTS ECONOMISTS AND IS INFINITELY WORSE THAN ANY CAPITALIST STATE IT PURPORTS TO BE MORE FAIR THAN EVEN STATES WITH THEIR CITIZENS LEAVING IN DROVES FOR LITERALLY ANY OTHER STATE. I GIVE ZERO FUCKS HOW SOMEONE USES A PARTICULAR TECHNOLOGY IT IS YOUR RESPONSIBILITY TO SEEK OUT THE NECESSARY INFORMATION TO UTILIZE ANY PARTICULAR TECHNOLOGY AND ANY FAILURE TO DO IS A REFLECTION OF YOUR PERSONAL INEPTITUDE AND NOT A FAILING OF THAT PARTICULAR TECHNOLOGY

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18d

Yes im coping that communism is such a shit idea that every country that tries it falls apart and ends up reintroducing an even worse version of capitalism but just rebrands it with idiots defending this and saying it’s better

You continuing to comment is self harm at this point

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-318d

“Private property is ok, deregulation is good, markets are efficient and free trade is swell” - Marx and other communist economists

Relevant

Here is an article by a chinese marxist scholar that goes over really well how the PRC has replicated the singapore economic model to great success. If you reply without reading this I’m just going viciously mock you again.

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-118d

Are you ok in the head? You do realise that Singapore is literally the poster boy for capitalism with the lowest levels of government interference in the economy, extremely low taxes and little to no barriers to trade

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017d

If a country cab just declare itself socialist and not commit itself to any firm principles underlying it’s economic system but just adopt whatever it’s non ideological neighbors are doing then clearly it’s a fraud

Dude come on you didn’t even look at my infographic, don’t you care about the sanctity of truth online?

krolden
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119d

Caps lock should be a bannable offense.

@sexy_peach@feddit.de
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620d

Okay then divide it by successful transactions?

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20d

okay then add in all blockchains that have never had downtime, all defi applications that have helped persons in developing/developed countries alike that have never had bugs and all persons who have benefitted from having a currency that can never be devalued by any central bank and can be sent to anywhere in the world with mandatory/optional privacy for just a few cents

@rysiek@szmer.info
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20d

No no, @sexy_peach@feddit.de did the web3 stuff, if you want to prove your point, provide a link similar like the one in the post about it. Why should anyone do your homework for you?

Should be easy-peasy. Can’t wait.

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My point was that just like how bad stuff happens in the traditional finance world and no one with a working brain would say that it’s all bad the same standard should apply to crypto

My point is that you’re comparing an unregulated scam-infested free-for-all with a regulated industry that has audit requirements from here to Pluto.

You’re trying to make it seem as if the banking system is as bad as cryptocurrency/NFT/web3 scene. It’s not, not by a long shot. It’s far from perfect, obviously, but that’s like saying “hey let’s all drink gasoline; it gives you a hell of a kick, and you can die of drinking regular water anyway too”.

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-120d

yes because bankers using their customer’s funds to speculate then losing it all having to be bailed out by the government using taxpayer’s funds isn’t horrible, having your purchasing power be devalued by central banks isn’t horrible, having your account frozen because of some faulty algorithm isn’t horrible and being blocked from the financial system because the government said so isn’t horrible

No, all of these things are horrible. But also none of these things is solved by cryptocurrencies/NFTs/web3.

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20d

crypto with strong monetary policy can never be minted by a tiny minority

no one can stop you from receiving funds

no one can stop you from borrowing/lending using a defi protocol even if the developers add checks to the front end you can always just use your own front end

you can vote on the direction of monetary policy in crypto

you can vote on the direction of defi protocols

you can send funds to anyone in the world for a few cents

if you don’t like the direction a crypto is going in you can fork it and go your own way

crypto with strong monetary policy can never be minted by a tiny minority

Six mining pools control over 80% of all Bitcoin mining. Who controls these pools? Pretty sure it’s not the majority of Bitcoin users.

no one can stop you from receiving funds

Tell that to the person that used the DAO contract to receive funds from it, and then Ethereum hard-forked to stop them from receiving these funds. Or anyone who has a blacklisted wallet. :-)

I mean, how does these two things — the Ethereum hard-fork because of DAO bug, and wallet blacklists — not show that clearly the whole crypto sphere is just bull? That’s literally the most basic promise cryptobros make; and yet it simply does not hodl.

no one can stop you from borrowing/lending using a defi protocol

And then you can use the borrowed funds to gain voting majority and empty a Proof of Stake coin. 🤣

you can vote on the direction of monetary policy in crypto

…but your vote will not mean much, since the whales will have their way anyway.

you can vote on the direction of defi protocols

And the vote will be safely ignored.

Come on, try harder. This is amateur hour!

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Those six mining pools cannot mint more btc and there are other cryptos other than btc

I mean, how does these two things — the Ethereum hard-fork because of DAO bug, and wallet blacklists — not show that clearly the whole crypto sphere is just bull? That’s literally the most basic promise cryptobros make; and yet it simply does not hodl.

That’s ethereum you moron there are literally several other blockchains in existence that have not hardforked to reverse a transaction. How is someone using their borrowed funds to do something unethical disproving my point that no one can stop you can from borrowing funds . When have whales ever stopped ethereum classic users and other hard forks from moving away from the monetary policy of the original chains. Most defi protocols don’t ignore the outcome of votes no one forces you to use a particular one

@rysiek@szmer.info
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Those six mining pools cannot mint more btc and there are other cryptos other than btc

Of course they can. That’s literally what they do, it’s just called “mining”. But also, if they pooled together and got over the magic 50% of global mining capacity, they could just rewrite history, moving any BTC any way they wanted.

That’s ethereum you moron

Please either stop calling me names, or get more creative. This uncanny valley of dank aggro is unamusing.

Also, Ethereum happens to be one of the most popular blockchains. If that’s not indicative of the rest of community, what is?

Also also, are you saying Ethereum is a failed project because of the DAO hard-fork?

Also also also, that’s like me claiming that this little local bank I know here around the corner doesn’t do unethical stuff and so that disproves your whole point about banks being evil. So are banks not evil, or is cherry-picking not a winning strategy? 🤔

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It is not only the blockchain in existence so it’s completely stupid to treat it as the representative of all projects in the space when they’re built by different team teams with different philosophies, governance and monetary policy it’s like saying because c is the lingua franca of the programming world that all other programming languages must share the same inherent flaws they’re different projects they so it only makes sense that they should be judged differently. It’s an unfinished project since it’s hard to say objectively whether it’s failed or not it has a quite a lot of applications running on it some good ones and a lot of bad ones too subjectively I would say that it’s not even if I don’t agree with it’s philosophy it clearly has a userbase that doesn’t mind it. Some banks are evil I wasn’t saying all banks are evil the point I’ve been repeatably been trying to make that it’s completely unfair to smear a group based on the actions of some individuals

Dunno man (I assume you’re a guy, please correct me if I’m wrong), the link in the original post mentions a lot of other blockchains that seem to have all sorts of problems.

Also, waiting impatiently for your insightful take on blacklisted wallets.

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20d

Dunno man (I assume you’re a guy, please correct me if I’m wrong), the link in the original post mentions a lot of other blockchains that seem to have all sorts of problems.

A quick glance at the link only shows ethereum and solana related news as you know already ethereum has had a history of censorship since it’s inception and solana isn’t even a decentralised blockchain it utilizes a handful of beefy nodes to achieve consensus neither projects’ developers have ever really been known for being true believers in decentralisation in the fullest so none of them can be seen as guides of the best in the space.

Also, waiting impatiently for your insightful take on blacklisted wallets.

blacklisted wallets are terrible you can connect your own front end to the smart contract if you’re technical/use another front end to the smart contract done by someone else if you’re not technical/use another defi protocol

How unfortunate that even freedom-loving cryptobros allow their projects to do such horrible things. Who woulda thunk it! It’s almost as if it’s more about financial stakes than “freedom” or whatever. 🤔

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20d

I literally just said that they’re aren’t that and it’s a mistake to think of them as that the space like everywhere else is full of people with different values and to some it’s completely ok if projects do hardforks for bailouts because they don’t care about decentralisation

@rysiek@szmer.info
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20d

No true cryptobro, gotcha.

But also, it’s a mistake to think of the banking sector as a single thing, as that space like everywhere is full of people with different values. Right?

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-120d

some people like crypto to make big bucks

some people like crypto because cool cryptography and decentralised solutions are interesting to figure out because they’re naturally inefficient

some people like crypto because it’s really cheap to send money back home to Nigeria

some people like crypto because government blocked them from the formal banking system

some people think we will all use crypto

some people think we won’t use all crypto but view it as another option to have if hyperinflation happens

@rysiek@szmer.info
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20d

And yet somehow they all refuse to deal with the scammers in their midst, and many seem to react to any suggestion that this might be a problem with denialism, name-calling, and whataboutism.

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20d

how can I and other ethical people possibly deal with all the scammers in the space? can you stop all criminals from using your national currency to do illegal acts?

I can recognize this is a serious problem. I can push politicians to help regulate it. I can (and I have) work with NGOs and journalists to reveal corrupt banksters. I can then demand them being punished.

Or, I could call people names and try to change the subject to problems in some other kind of system.

One of these is ethical. The other is called “being an enabler”.

Also, let’s make two more things clear:

  1. Technology is neither good nor bad, but it is also not neutral.
  2. The purpose of a system is what it does.

How a piece of technology is designed influences what it’s good for. A butter knife and a butcher’s knife are different for a reason, and one of them is really hard to use to kill someone.

And if a system keeps doing a thing, even if we close our eyes and insist it’s not supposed to, if for long enough this is not getting fixed, clearly it’s part of the system’s purpose.

The whole crypto sphere has been designed very clearly with libertarian-right ideas at the base. So it perpetuates libertarian-right power structures (“rich get richer”, etc). This is not going to lead to any more “freedom” in the world, because it never meant to. It meant to allow some select lucky few get stupid rich and powerful without going through the current structures of power.

At best, it’s a shake-up on top, not a revolution of the people. It’s sad so many idealistic people got caught in it.

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19d

how can something can be neither good or bad but not neutral.All knives can be used to harm someone. Majority of the rich people in the world have gotten rich because of their closeness to the government whether the US or Cuba, it’s how close you are the government that has made majority of the world’s rich where they are today and not any true entrepreneurial skill/their own private property.

You really gotta read some Graeber.

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19d

maybe one day I will, you should read about all anarchist societies that have ever existed/that still exist and all works published by authors who predicted the end of capitalism

Yeah, like Graeber. “Debt: First 5000 Years” is very much on-topic here. He goes deep into how pre-market societies worked and how capitalism came to be (and tears apart the founding myths of economy in the process). Fascinating read.

Problem is, cryptocurrencies are intrinsically capitalist. They support and perpetuate capitalist power structures. Consider this:

Our analysis reports that, despite the heavy emphasis on decentralization in cryptocurrencies, the wealth distribution remains in-line with the real-world economies, with the exception of Dash. We also report that 3 of the observed cryptocurrencies (Dogecoin, ZCash, and Ethereum Classic) violate the honest majority assumption with less than 100 participants controlling over 51% wealth in the ecosystem, potentially indicating a security threat. This suggests that the free-market fundamentalism doctrine may be inadequate in countering wealth inequality within a crypto-economic context: Algorithmically driven free-market implementation of these cryptocurrencies may eventually lead to wealth inequality similar to those observed in real-world economies.

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Yeah, like Graeber. “Debt: First 5000 Years” is very much on-topic here. He goes deep into how pre-market societies worked and how capitalism came to be (and tears apart the founding myths of economy in the process). Fascinating read.

Yay another book written by some guy that complains about modern society makes broad generalizations about human nature and money, idealizes pre-industrial societies and complains about capitalism without offering any real alternative but basically just saying we can do better just what the world needed.

Problem is, cryptocurrencies are intrinsically capitalist. They support and perpetuate capitalist power structures. Consider this:

there are not intrinisically capitalist because they use subsidies and other things non existent in a perfectly free market nor is it surprising the wealth distribution of crypto is uneven since most people don’t use them as a replacement to fiat/even know of them at all never mind the fact that you can freely purchase them from a exchange and nothing stops one from doing so

Yay another book written by some guy…

I vaguely remember how in some other thread someone insisted I read a whitepaper before I comment on a thing. You know them perhaps? 🤣

there are not intrinisically capitalist because they use subsidies and other things non existent in a perfectly free market

You might want to read up a bit about the difference between the terms “capitalism” and “free market”.

Anyway, that was fun. Let’s do it again some time.

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-118d

I vaguely remember how in some other thread someone insisted I read a whitepaper before I comment on a thing. You know them perhaps? 🤣

Yes and you never did that so why should I act in good faith and do the same for you

You might want to read up a bit about the difference between the terms “capitalism” and “free market”.

My mistake I should’ve said a capitalist market economy

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-120d

The banking system is fully regulated as you’ve pointed out but it’s full to the brim with criminals many of them with the formal blessing of the state so regulation wouldn’t solve anything. No one can force people to do the right thing over and over we tell newcomers to run your node, do due diligence on development teams, read the terms and conditions of the dapps you use, don’t store your keys on exchanges/in the cloud etc and people don’t listen just like how governments have warned people for centuries about drugs and people have ruined themselves and their families.

You asked what can one do, I answered. I’ve been doing my part about the financial sector. Perhaps it’s time you do yours about the cryptoscams, instead of insisting nothing can be done.

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-119d

I can’t force developers to stop working on bad projects I can only withhold funding from them and encourage others to do the same it’s not my responsibility to ensure that no scams exist because that would be impossible I can only guide people to the information and the decision to use/not to use is up to them

And yet you focus on whataboutism after somebody posts one of the best sources of information about recent cryptoscams.

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-119d

fuck off it with your claims about whataboutism i just said I don’t use/nor provide support to any of the applications/blockchains mentioned just like the traditional finance world there are risks are involved and it is your responsibility to avoid scams and the best sources of information on scams what a joke there are so many well written blogs, academic papers and podcasts etc that go into detail all about what’s wrong in the space from people who are actually knowledgeable about distributed systems and economics some of what is even there aren’t scams but just news about people not/accepting crypto, bug releases and user stupidity

fuck off it with your claims about whataboutism

Bad form, really.

i just said I don’t use/nor provide support to any of the applications/blockchains mentioned just like the traditional finance world there are risks are involved and it is your responsibility to avoid scams and the best sources of information on scams

Sorry, whataboutism and No True Scotsman. Right, you do use both.

I have not seen you say which chains/solutions you do support. Every time I provided sources on how screwed up a particular popular one (Bitcoin, Ethereum, etc) is, you just move the goalposts (“I don’t support that particular one”), while hand-waving about “traditional finance”.

Fact of the matter is: one has way less chance of getting screwed out of their money in traditional finance than in crypto. And, if that does happens, one has way more chance of getting their money back, and of getting the scammers brought to justice. It’s far from perfect, and far too many people still get scammed. But it’s orders of magnitude safer than crypto.

Now, if you’d like to perhaps be explicit for once (other than dropping f-bombs) and commit to saying what exactly do you support, instead of constantly moving the goalposts, that would be great.

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19d

You pointed out that btc mining is dominated by a few groups that is irrelevant as they cannot mint more than 21 million btc into existence unless all miners voted to undo this which they aren’t very likely to do because their votes have to take into consideration all constituents of the chain since they derive their income from them even if they decided to do that I could still just choose to use a version of the chain that does enforce the rule/use another existing chain/even create another currency myself in the traditional finance world if my country’s central bank decides to raise their inflation rate to 50% I cannot remain on a version of the currency that maintains the 7% inflation rate in a lot of developing countries around the world central banks do exactly this and citizens have zero means of recourse yes they could the usd, euro etc but the government could expropriate this as well and this has happened in argentina and other states. I support btc, cardano, ergo, oxen monero and nym none of which are listed in the op. Decentralised finance because of the decentralised nature obviously doesn’t have the same legal protections and other advantages of traditional finance and this is known from the getgo just like with traditional finance you’re told the benefits and drawbacks and it’s up you the user to make your choice no one in either sphere is holding a gun to your head saying you must use my particular bank/blockchain/defi application for defi you can have the option of being able to view/modify the source code of the blockchain/smart contracts ( the only notable exception to this being legal tender where states compel you to use a particular currency/ies whether fiat/crypto to pay debts, fees and taxes in)

krolden
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019d

Hi yeah were gonna cut off your internet and/or power.

How are you gonna pay for potato’s now?

Bro this is literally a meme you can not say that these two disconnected articles imply there’s a systemic solution to governments stopping crypto. Literally try and convince one person in real life around you to do this in the case that crypto is made illegal.

overflow
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-219d

I GIVE ZERO FUCKS WHETHER OR NOT SOMEONE DOES SOMETHING THE FACT THAT IT IS POSSIBLE IS ENOUGH OF AN ANSWER TO OP’S QUESTION AND IF PEOPLE ARE THREATENED THEY WILL FIND THE ENERGY TO DO SOMETHING THAT CAN HELP THEM

krolden
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019d

Is that what you’re going to say when the fruit stand tells you they dont accept crypto?

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18d

What is this scenario? Why am I buying fruits using crypto from a vendor that has no advertisement saying they accept crypto?Why am i buying fruits overall? Why wouldn’t I just tell them that’s fine and just buy from another vendor that does accept crypto?

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