I think the first mistake critics make is seeing Bitcoin as something benign, instead of a giant money laundering, drug buying, technology.
@whateversusan @jennygadget And what can be used to circumvent bad policy can be used to circumvent good policy.
-
-
@whateversusan@jennygadget So, y'know, maybe like with Prohibition, policy should be less shit so as to remove that evolutionary pressure. -
@chaosprime@jennygadget In some cases true, though we are way off topic. People will always do illegal things. Bitcoin enabled them.
End of conversation
New conversation -
-
-
@chaosprime@whateversusan bc people with privilege are more likely have plenty of legal ways to get what they need and want. -
@jennygadget@chaosprime That's my read on it. Bitcoiners have LOTS of cash. BTC just made it easier for them to do bad shit. -
@whateversusan@chaosprime right? and I'm not seeing that their drug money is going to the equivalent of the local moonshiners vs. the mob -
@jennygadget@chaosprime Right. The people behind Silk Road were unbelievably rich, protected by secrecy and power. -
@whateversusan@chaosprime which means if - WHEN - it goes bust, it's the little people that are screwed the most. -
@jennygadget@chaosprime Exactly. THe people who got screwed in the latest meltdown were the small-time holders. Not the big guys.
End of conversation
New conversation -
-
-
@chaosprime@whateversusan which may not be legal for the average white American male, but are certainly less likely to result in jail time.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@chaosprime@whateversusan and yes, that includes drugs.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@chaosprime@whateversusan then the ways it's circumventing the law are more likely to fall on the side of "bad" than "good."Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@chaosprime@whateversusan The issue is though, when it's use is being spearheaded by people with privilege?Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
@chaosprime@whateversusan yes. bitcoin's "good" characteristics are also it's "bad" characteristics.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.