this post was submitted on 13 Dec 2024
195 points (95.3% liked)
Technology
60112 readers
2593 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
But regular people from countries which are sanctioned by countries do benefit from it, yet their benefit is still not worth it? I understand being critical and wary and vigilant, but to outright deny its usefulness for people with little options outside of official government sanctioned forms of economic power? You've deemed their plight and cause as outweighed and tainted by the wealthy who they have zero control over.
Maybe I'm misunderstanding what you wrote, but that's not how sanctions work. It's the people within their own country who are hurt by their country's sanctions, not sanctions from other countries. This leads to domestic companies buying less exports, which is supposed to lead to more domestic production (or hurt the other country's economy), but regular people aren't typically buying exports direct from the producers. That's not a problem Bitcoin can solve, unless import companies start using it or regular people start importing themselves.
However, it's still the wealthy who most benefit from crypto. It's the wealthy who make the barrier to entry higher, and it's the wealthy who can very easily manipulate the value of this value-less currency (just look what they can do with the stock market, and that's regulated).
It's not that I'm against the plight of the downtrodden, I just don't see how crypto actually helps them; like I said, it's another "American Dream," a promise of wealth that will never materialize for most, because the wealthy have rigged the system.