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. 🤔
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
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?
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.
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”.
Technology is neither good nor bad, but it is also not neutral.
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.
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.
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.
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. 🤔
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
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?
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
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.
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:
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.
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.
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.