Does the Satoshi revolution need more time?
Most governments are introducing taxes on wallets and NFTs, and all content creators in the industry care to teach you to pay your taxes properly.
The biggest threat to global finance embedded in the system, in general indifference.
Wasn’t this supposed to be in every person’s hands? Off-grid, decentralized as it is in its nature?
(edit)
Yes, I haven’t read “Mutual Aid: A Factor of Evolution” by Kropotkin wich I discovered only recently.
Crypto is stupid and useless and a waste of energy, it’s only use is scamming techbros through incredibly transparent mlm schemes.
Also lmao it literally by definition cannot be “off-grid”
Crypto hasn’t been decentralized for a very long time. For most coins large miners/pools have control over the transactions. Proof of stake is far worse. Most coins are traded via centralized exchanges as doing anything on chain is slow and often has high fees.
Blockchain in its current form is not the answer for decentralized value exchange. I’m not sure if a proper decentralized currency can even work in practice. Currencies must be backed by something to have a stable value. In nearly all cases you need a central entity that will guarantee a currency’s value.
Do you think large miners/pools can actually manipulate the blockchain? (Genuine question btw)
As long as the entry and exit to crypto is controlled by banks, crypto will have this problem. When cryptocurrency starts being used instead of the state system, only then will it have achieved its goal. Ps. I wholeheartedly oppose CBDC’s.
That’s my point. Nobody talks about using blockchain and a cryptocurrency to circumvent governments anymore, pop information on the topic is compromised, hidden by finances, investments and bullshit like that.
I think that’s because those governments are watching and would stop at nothing to close said loopholes…
I think a decentralized anarchistic society would be wonderful, but holy shit if we don’t ditch capitalism along the way I’ll probably kill myself. I couldn’t stand an ancap society
I couldn’t stand an ancap society
You won’t have to - it would exist for ten minutes before it destorys itself and reverts back to bog-standard captalism.
Technology can be used in different ways, I understand capitalism-cryptos correlation is the actual paradigma but blockchain didn’t have a political value in itself.
Its a ancap dream come true
In my point of view, Money itself is of political value.
The thing with the “store of value” is that it stands on the shoulders of libertarian thinkers or political economy. Even Marxist couldn’t escape that paradigm.
The mere concept of money as a store of value have no theoretical validity. Money doesn’t produce things, but things are commodified and available for money. Medicine, real estate, weapons, soldiers, whatever. Economy as a field exists into this paradigm which is flawed. Economy as we know it today, is subordinated to politics.
There is a case to be made in Economy in terms of industry development, but most of the time that’s not what economist are talking about when we cover the topic (Check out Thorstein Veblen, or the Capital as Power works). It’s all about the finance. Crypto is fake money and money is fake. There is no “store of value” in the sense that you are talking about my friend.
I want to invite you to check out those works.
