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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Replying to @grumpygiant @cmuratori and
(sorry if this is winding you up btw lol, I just figure if I can get my thoughts past the Casey test then it probably checks out)
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Replying to @grumpygiant @rob_robby and
You have gotten exactly zero thoughts past the Casey test.
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Replying to @cmuratori @grumpygiant and
Look, if the argument is "crypto doesn't do anything, but if we lie about it, we can create the momentum necessary to fool the public into demanding laws that require open accounting, which is what we really want" - OK, that's a plan. It's a long shot, but I understand.
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I also understand the same plan but with "demanding laws" but replaced by "demanding competition". Even less likely, but I understand.
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Replying to @cmuratori @grumpygiant and
But NONE OF THESE THINGS involves the technology. The BitCoin part is completely optional. And anyone who thinks it isn't, well, they have to explain to me why :)
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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