https://www.bloomberg.com/news/articles/2018-05-02/a-verbal-cryptobrawl-breaks-out-at-milken-over-bitcoin-s-future …pic.twitter.com/NlkWoknayr
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It feels impossible for someone to be so blissfully ignorant that they think Visa wasn't processing transactions at scale pre-internet
it's just... no one is saying the current system is *good*, it's just like if someone proposed to replace the MTA with elephants
"well we haven't really given the elephants a fair shot yet"
and then the "blockchain tech" people are, "okay, well, the elephants might be a bust but have you seen how efficient the horses are in comparison?? we're improving all the time"
But how do we bust the processor monopoly? I'm just, like I've been following all of this but as part of the sex worker community we're trying to get practical advice out of all this, cause we're really suffering under banking discrimination (like, all sex workers, inc educators)
Both ways seem so bleak, with these tech dudes, but like, for a while backpage was taking payments again, you know? it was working for us, better than nothing.
yeah, it's absolutely a big problem that needs solving. i think the problem is you can't count on capitalists to help you, and you especially can't count on cryptocurrency capitalists because they're too busy reaching into your pocket while you aren't looking
the ambition (at least stated) to help the unbanked with bitcoin seems to have evaporated really quickly once the powerful crypto types realized the best way to get rich was to stop ordinary people from using it
Artisanal transactions are the future, like it or not. It's about the transaction experience and terroir, not some arbitrary race for speed!
Alchemy is going to disrupt the entire economy as soon as we solve the moving-one-proton problem at scale.
There was a time when the internet was useless to the majority of humans. *If* bitcoin succeds, we're in that time right now where it's on the whole useless to many people. Bitcoin needs to scale or be replaced by something better. I'm leaning that it will scale in time.
I argued with the author of this piece months ago. He doesn't know what he's talking about unfortunately. I did give him a fair shot. The internet was useless to the common person for a long time until AOL and Compuserve brought it into our homes.
Yes that's the one.
guys but like, I feel like I watch this all the time, people kind of dismissing that bitcoin is actually in use by some communities, like in the sex work community it's sometimes been a lifesaver to us. we all had to learn about crypto when tom dart got v+m to dump backpage
when we pay for ads on credit cards, they get shut down, we get shut out of paypal, square, a million different places. i guess I'm just asking, what is ACTUALLY worth us trying to invest time in learning, because for us it's really a practical day to day matter right now
I work in the payment industries, and every time I hear some one boast about the benefits of cryptocurrencies being unregulated I just laugh. Our banking system has its problems, but at least you are guaranteed to be able to pull your money out.
We have Dr Doom on one side and Crypto Paradyme (with a Y!) on the other. Coming soon to Phase 4 of the MCU
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