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The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

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    1. matt blaze‏Verified account @mattblaze 28 Oct 2018

      Totally happy to see racist platforms like Gab shrivel up and die, but uneasy about payment processors being the arbiters and instruments of their death.

      39 replies 142 retweets 753 likes
      Show this thread
    2. matt blaze‏Verified account @mattblaze 28 Oct 2018

      The payment processors have enormous, largely invisible and unchecked, power (ask sex wokers or anyone involved in an even mildly controversial business). The fact that they are using it for good here doesn’t change my discomfort with where this power is being concentrated.

      18 replies 179 retweets 592 likes
      Show this thread
    3. matt blaze‏Verified account @mattblaze 28 Oct 2018

      Anyway, nothing about any of this is simple or obvious to me.

      5 replies 4 retweets 99 likes
      Show this thread
    4. matt blaze‏Verified account @mattblaze 28 Oct 2018

      Before you say “bitcoin”, I thought so too, a long time ago. (I even chaired the financial crypto conference). But it got hijacked by scammers and consumed by volatility that has rendered it useless for its intended purpose. This is hard.

      13 replies 15 retweets 172 likes
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    5. Matthew Green‏Verified account @matthew_d_green 28 Oct 2018
      Replying to @mattblaze

      I think both you and Nick Weaver overestimate the scammer factor at this early stage of the game.

      4 replies 0 retweets 15 likes
    6. Pinboard‏ @Pinboard 28 Oct 2018
      Replying to @matthew_d_green @mattblaze

      Here's something I never understood about cryptocurrency. Either the idea doesn't work, and is consumed by scammers and grift. Or it does work, and bitcoin (or something like it) becomes a shadow financial system for criminals, which gets it shut down. What's the third way here?

      3 replies 1 retweet 3 likes
    7. Billy Ray Valentine‏ @spongeclipper 28 Oct 2018
      Replying to @Pinboard @matthew_d_green @mattblaze

      I think the assumption by supporters is that the black market is a small fraction of total usage, and Bitcoin survives while reducing the ability of financial institutions to restrict economic activity in this way.

      2 replies 0 retweets 0 likes
      Pinboard‏ @Pinboard 28 Oct 2018
      Replying to @spongeclipper @matthew_d_green @mattblaze

      This is an exact analogue of how Gab said at the outset that it would be a free-speech platform, and truly objectionable content would just be a tolerable niche use. But "bad money drives out good" is a powerful principle beyond economics

      1:17 PM - 28 Oct 2018
      • 3 Likes
      • null Billy Ray Valentine Phong Nguyen
      1 reply 0 retweets 3 likes
        1. Billy Ray Valentine‏ @spongeclipper 28 Oct 2018
          Replying to @Pinboard @matthew_d_green @mattblaze

          Agreed. See my reply to myself. I think your analogy is good--no reason to use gab/BTC *except* for the black market uses.

          0 replies 0 retweets 0 likes
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