Administered by:
(
) Today I stumbled upon a very intersting (but also lengthy) blog post discussing currencies (crypto and fiat).
Thought provoking.
I definitely recommend reading it.
If anyone has any opinions on what is being said I'd be interested to hear them.
I'm not entirely sure what to make of the article, but points out a lot of interesting things which might be very relevant now that trump was elected.
@serapath "If you want to compare Bitcoin to something else, compare it to fire, the number zero, the wheel, the printing press, or electricity." Sorry this is just hilarious
I agree that this is a rather funny comparison.
The main idea for it - i assume - is that there is no central issuer, it is decentralized and limited in supply. That has never been achieved in history, even if you wanted, nobody could create such a mechanism.
I think it could end capitalism
@serapath none of these statements follow on each other and are not arguments in themselves. You just seem rambling
hm.
you said number zero, fire, etc... meaning some sort of "fundamental thingy".
All rulwrs and opressors throughout history has money printers and called it capitalism or whatever.
i love p2p and permissionless world, open source and no access restrictions.
i dont think it doesnt just end with permissionless sharing data, but pwrmissionlessly live in all its aspect.
no gatekeepers. no intermediaries.
anarchism and community.
no billionaires ruling over us
bitcoins main proposition is to make currency open source with fixed supply of at most 21 million.
making everyone equal. no more money print8ng for VCs and the billionaires
@serapath how tf is it equal if people who got bitcoin first have more than those who get it late. That's just a new class society with maybe a different name
@powersource yes it is not perfect.
but in the long run.. no printing. ppl will eventually need to spend those coins.
it is more pragmatic, because it is a "shelling point" that ends money printers and it is more decentralized and more equally distributed than any other crypto or fiat. fiat because the money printer folks have infinite supply anyway... and thats not governments, thats also banks and VCs and their billionaires
but with it, they also buy governments.
only the rich can run for president realistically and whoever governs uses the money printer to sponsor their favourite billionaire amigos.
lets see who trump will sponsor
@powersource @serapath
Capitalism can be happy with bitcoin. All of capital's exploitation of labor and the environment can work fine with bitcoin.
Capitalism could change if bitcoin was the only currency and all other wealth was gone.
@bhaugen @powersource yes, but this is how it looks. that seems to happen.
things go to zero against bitcoin, so we are heading towards that potentially?
also - at the moment.
exploitation is easy. just print money and pay everyone... if you need more, print more.
But once you dont have printers, you might pay everyone to "exploit them" and ...in the process run out of funds 
You might still have folks running an exploitative scheme, but at least way less and you can then actually try to "attack" them and offer alternatives... but you cant as long as they have printers to defend all your attacks forever ...
@bhaugen @powersource ...like in the worst case it means inflation for everyone, but still they win
@serapath @bhaugen @powersource
very deep blind spot for bitcoin maximalists , namely that bitcoin is going to make everyone's lives better.
bitcoin is just a currency technology it is not an equality technology , the only equality technology i know of is a society ..
my experience in crypto world and also bitcoin maxi world , full of people who ultimately just want to be rich and dont care how. the one interesting thing is the hodl cult like mindset does manage to maintain bitcoin's floor?
bitcoin is not an equality tech for equalizing everyones account balance. if you have any idea how to get there great... bring it on.
But, bitcoin the way it is defined, if adoption continues to grow like over the past 15 years, IS an equality tech in terms of money printing privilege.
a world woth billions of people.
the vast majority ...basically the 99% have no money printer access, but the capitalist colonialist/imperialist history class absolutely has.
its not the hodl mindset.
it is the promise of cutting out the privilege of the billionaire class moneyprinters that allow them TO PAY everyone everywhere salaries to work for them and enrich them more regardless of whether they do smart stuff or bullshit? because the money printer never runs out of money to print to pay ppl to do stuff for the capitalist class