The blockchain is a tool that allows rogue traders to set up Ponzi schemes without going to prison. Crypto currency is simply an AI augmented attack on the global financial system, a playbook that is the first snowflake in what may become a nuclear winter of finance.
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most brains cannot differentiate between counterfeit dopamine & real thing. isn't the point to rewire dopamine seeking ? blockchain based incentive systems enable innovation in this regard
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if your alluding to the btc fixed supply approach that is not the whole space , see
@MakerDAO ,@CirclesUBI for innovative algorithmic & web of trust models -
I suspect that the progressive takes on crypto are effectively a smokescreen that uses idealist libertarian kids as useful idiots to camouflage the intentions of ruthless raiders. Crypto assets are basically a speculative debt equivalent to the GDP of a nation state now.
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Interesting, this sounds very similar to
@swardley conclusion back in 2013: https://blog.gardeviance.org/2013/11/a-spoiler-for-future-bitcoin.html … & https://blog.gardeviance.org/2013/05/the-pure-brilliance-and-horror-of.html …. Since reading his thoughts my perception of cryptocurrency changed quite a lot. -
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You need a regulator to CREATE cash??? Dear sir, you do understand that creating cash out of thin air is precisely why the world is fucked at this very moment...right?
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Banks can create debt, which translates into money, yes. But that used to be a privilege that was not open to random folks with the playbook for an ICO.
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