Folks raving about #cryptocurrency are not interested in the technology. They are interested in an unregulated financial system allowing them to pull off things that are downright illegal. That's why they are trying to get as many people on board as possible. It's predatory.
I don't think that your take is constructive at all. It's almost Stephen Deil level!
Also, the fact that majority use of a tech is illegal doesn't mean that the tech itself is "something that is already bad". See Tor for a reference.
Furthermore, your take is extremely authoritative! There are a lot of "something that is already bad" that was both regulated and institutionalised.
By no means am I a blockchain fan-boy, but I'm interested in automated payment processing within a domain for one of my projects and I consider a PoS cryptocurrency that supports oracles an adequate facilitator for that.
@jonn Oh Stephen and I know each other, I'm pretty much on his side. *shrug*
@raichoo right, but he is very much so fighting windmills, doesn't he? I can attest in a court of law to the fact that IOHK is acting in good faith on all the fronts, despite me not being affiliated with them at all and them giving the company I founded a bad rep due to the way we have parted ways.
@jonn A lot of us are doing this, I still think that the cryptocurrency industry is inherently harmful. And it can be stopped. You can have all the best intentions and still do the wrong thing. I personally really hate the tendency that tech companies are eager to create unregulated spaces and call that "disruption". You can dislike me for that, but to me that's grifting or at the very least it's a lack of self-reflection and moral compass.
@raichoo I respect this!
BTW, my moderate take on that is here (spoiler: I almost entirely agree with you, bar relevance of law)
gemini://soviet.circumlunar.space/sweater/hindsight/2021-05-05-we-dont-need-programmable-money.gmi
@jonn I mean obviously I don't think that people working in crypto are all fundamentally evil people, that should be a given. I do however think they are doing a wrong thing, like people working for facebook. That's the big issue when people argue on a "value level". It's a friggin complex matter. Even when talking about the same thing it can feel like we totally disagree. I don't really use gemini (yet?), so I'm taking you by your word here.
@raichoo
But #fiatCurrency is actually used for more crime so…
Also #JeffreyEpstein had a literal tap running from his #banker mates on #wallStreet, trading inside information (lets just call it what it was, blackmail) for #childAbuse, protected by a MICIMATT Complex and funded by fiat. They only went after him proper when he started doing funny things like, funding development of CCs.
Facebook is centralised, bitcoin isn't, there's no comparison.
@jonn You are going down a slippery slope here and I'm not going there.