According to what I understand of what’s being proposed here, no taxpayer money would go to purchase any Bitcoin whatsoever. It would all be people paying their taxes in Bitcoin and such. Not actually the purchase of Bitcoin by the state. I do think that we have totally different views on crypto, though, because the right I see it protecting is our right to capital that cannot be seized and controlled by the government. Yes, that enables some bad things. But on a whole, I believe it helps society. If you need to leave an oppressive situation, you can. If your government causes inflation to ruin the value of your money, you can protect your wealth with crypto because they have no control over it. I totally agree that most crypto is indeed a scam. There’s no argument for me on that. My argument is that there are legitimate projects doing legitimate things and those should not be thrown out with the bathwater like the baby.
I like your measured view of crypto. I still am not convinced by your argument, mainly because I do not believe in capital as something to be protected, but I do think that regular people having the means to act apart from government oversight is good.
My issue is still that it doesn’t level the playing field. The benefits of privacy and decentralization for the wealthy outclass what benefits the rest of us get from the same thing. It’s just another way for the rich to get richer, while the poor stay poor.
While good things are done with it, my opinion is that it’s still a net negative.
Either way, have a lovely day. Hopefully I didn’t come off too harsh.
According to what I understand of what’s being proposed here, no taxpayer money would go to purchase any Bitcoin whatsoever. It would all be people paying their taxes in Bitcoin and such. Not actually the purchase of Bitcoin by the state. I do think that we have totally different views on crypto, though, because the right I see it protecting is our right to capital that cannot be seized and controlled by the government. Yes, that enables some bad things. But on a whole, I believe it helps society. If you need to leave an oppressive situation, you can. If your government causes inflation to ruin the value of your money, you can protect your wealth with crypto because they have no control over it. I totally agree that most crypto is indeed a scam. There’s no argument for me on that. My argument is that there are legitimate projects doing legitimate things and those should not be thrown out with the bathwater like the baby.
I like your measured view of crypto. I still am not convinced by your argument, mainly because I do not believe in capital as something to be protected, but I do think that regular people having the means to act apart from government oversight is good.
My issue is still that it doesn’t level the playing field. The benefits of privacy and decentralization for the wealthy outclass what benefits the rest of us get from the same thing. It’s just another way for the rich to get richer, while the poor stay poor.
While good things are done with it, my opinion is that it’s still a net negative.
Either way, have a lovely day. Hopefully I didn’t come off too harsh.
Compared to some people I’ve talked to, you are quite levelheaded.
The Fediverse is only as good as we make it. Keep being excellent to people.