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”.
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
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
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
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
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? 🤔
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.
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.
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
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”.
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.
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
Six mining pools control over 80% of all Bitcoin mining. Who controls these pools? Pretty sure it’s not the majority of Bitcoin users.
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.
And then you can use the borrowed funds to gain voting majority and empty a Proof of Stake coin. 🤣
…but your vote will not mean much, since the whales will have their way anyway.
And the vote will be safely ignored.
Come on, try harder. This is amateur hour!
Those six mining pools cannot mint more btc and there are other cryptos other than btc
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
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.
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? 🤔
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.
Hi yeah were gonna cut off your internet and/or power.
How are you gonna pay for potato’s now?
https://usa.inquirer.net/75522/the-blockstream-network-and-other-ways-to-send-bitcoin-offline https://todayshomeowner.com/living-off-the-grid-generating-your-own-electricity/
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.
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
Is that what you’re going to say when the fruit stand tells you they dont accept crypto?