eth has many *potential* use cases but the big one right now is powering the usd wrapper stablecoins already used by a lot of companies and individuals
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however, there is real VIRTUE in supporting a central state because it creates a domain of SAFETY from a rational and logical point of view, a society without guns is far better than one with guns
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however this idealism ignores both the corruptibility of centralization as well as the *existing* but hidden/whitewashed externalities the interiority of a mob feels like a Family
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just like a gun or sword on hip serves a purpose through its display, decentralization serves its purpose when it doesn’t have to be used
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being able to transfer funds through stablecoins serves as an incentive for governments to reduce the byzantine process that mostly serves to maximize the surface area of grift oportunities
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bitcoin similarly serves as a threat against retarded monetary policies by making long term capital storage and capital flight far easier
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the threat is simple. centralization should only exist to the extent that it provides infrastructure to empower decentralized non-micromanaged decision making where decisions are made by those who have the most context. otherwise the users Exit
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this is literally the same philosophy that the berlin wall represented. “capitalism may be imperfect but we never have had to wall in our people”
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End of conversation
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