Just because a technological solution is interesting doesn’t mean it’s good for literally anything you nitwits
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sarah jeong Retweeted 🅼 🅰🆁🅺 🅲 🅾 🅾🅺 = Mark Williams-Cook
You have arbitrary tokens of value that function as speculative vehicles tied to sovereign currency, those are not meaningful “digital assets” with any informational value, there is nothing meaningful to “copy”https://twitter.com/thetafferboy/status/969735500343988227 …
sarah jeong added,
🅼 🅰🆁🅺 🅲 🅾 🅾🅺 = Mark Williams-Cook @thetafferboyReplying to @sarahjeongFundamentally, blockchain allows ownership and no-copy of digital assets. The proof is Bitcoin and other cryptos. Do you not see why that is massive? You said it's not possible, yet it is the reality right now. Your tweet makes no sense to me.8 replies 17 retweets 154 likesShow this thread -
The moment you encode anything useful into a blockchain form ALL THAT DOES IS PUT IT ON A BLOCKCHAIN!!!! BUT WHY???!? IT DOES NO ONE ANY GOOD!!!!!!!!
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And before anyone tells me about zerocash or http://keybase.io yes those things are great, they work great for all 10 people who need them
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sarah jeong Retweeted Alan Siefert
BITCOIN IS THE WORST OF BOTH WORLDS BECAUSE IT INTENDS TO BE CENSORSHIP RESISTANT AND IT ISNT EVENhttps://twitter.com/alan8325/status/969737293215891456 …
sarah jeong added,
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> rejects the idea of moral responsibility in payments systems as a fundamentally untenable idea, embraces censorship resistant tech > fails
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It’s a wildly volatile speculative vehicle tied to sovereign currency that is chokepointed by a small handful of intermediaries who comply with KYC!!!!!!!!!!!!!!!
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I could probably pull up every blog post from 2012 about what bitcoin can do and put a strike through every bulletpoint for the state of 2018
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By embracing bitcoin as a vehicle for speculation over a currency qua currency you undermined any possibility of bitcoin as censorship resistant money tech you dumb shits
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You’re just buying and selling Damien Hirsts to each other, it’s great that you’re making so much money but please stop trying to convince me that Damien Hirst is good
33 replies 46 retweets 312 likesShow this thread
Bitcoin and Damien Hirsts are a better store of value than any fiat currency that can and will be diluted by an unscrupulous central bank
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