But laws are generally decided by money and voting, and if that money's bitcoin and the voting is by the people (whom are using bitcoin) then the laws will be in favour of bitcoin presumably?
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Replying to @grumpygiant @rob_robby and
Is that a joke? The current money is credit cards. Do you consider the current raft of laws around credit cards to be particularly friendly to "the people" who vote?
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Replying to @cmuratori @rob_robby and
No, but that's why Bitcoin's cool. It forces their hand. They don't get a choice. Once it reaches a singularity threshold it becomes self-sustaining by its own economic pressure.
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Replying to @grumpygiant @rob_robby and
You keep saying that, but I have no idea what you mean! WHY DOES IT FORCE THEIR HAND. Why can't they just use it like a replacement for credit cards? Stop saying "it does X" without saying how!
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Replying to @cmuratori @rob_robby and
Because the moment someone else handles the money and you don't see it happen, they steal. Any third party in the middle can leak info. Lets say you buy with CC and pay the card people a 3% fee. Is that 3% *only* 3% in reality? [1/2]
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Replying to @grumpygiant @cmuratori and
The moment *some* of the money disappears, it can be reloaned using e.g. fractional reserve banking and be made to appear elsewhere as a greater amount. Your 3% appears as someone elses 90%. If they handle the money first, it's all lies.
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Replying to @grumpygiant @rob_robby and
But you still don't see it with BitCoin! You see money go into YouTube, you see it go out of YouTube, you have no idea what happened inside. Please, for the love of god, explain to me at least one time why you think BitCoin changes that _at all_.
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Replying to @cmuratori @rob_robby and
You know exactly what happened inside. It’s on the blockchain.
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Replying to @grumpygiant @rob_robby and
Why? Why would YouTube put any of that on the blockchain?
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Replying to @cmuratori @rob_robby and
Because if they don’t their competitors will. Like I said, it’s a self-sustaining system that spreads one debate at a time (like this one)
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Richard, this is patently absurd. We had this entire argument just to get to the point where you're flat out saying BitCoin has nothing to do with this. THEY COULD DO THAT TODAY.
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Replying to @cmuratori @grumpygiant and
If people had the political will to force open accounting, THEY CAN DO IT WITH TODAY'S CURRENCY. This was literally what I said at the beginning.
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Replying to @cmuratori @grumpygiant and
Crypto thinking is delusional. This is absurd.
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End of conversation
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