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sennight | 2 years ago

Well you definitely have a very abnormal way of coming to it. I've encountered people who came to it for the pure love of technology - but they usually gravitate towards one of the shitcoins because they actually harbor a bit of greed and feel they "missed the boat".

> What's dumb as shit is the idea of basing the future of finance on it.

As I said, I burned through my convert zeal a long time ago... but your situation does have me curious. Do you have any formal experience with the backends making up the global financial system? Because I do, and it blows my mind that anyone trusts it at all. The US has, in recent years, proven itself to be such an awful steward of the global reserve currency that it is at the point now where multiple militarily weak states are openly discussing replacing the petrodollar with something else. A few years ago that would have resulted in a coincidental horrific end for them, but after the naked weaponization of the international financial system against Iran and then Russia... well the end is very near. All that is to say that it is now clear that everyone now knows a fiat currency controlled by a single interest makes a poor global reserve. Combine that with the likely future in which software agents need to directly handle money in order to pay their own bills... and meatspace money won't work, because humans are thieves with access to fraudulent chargebacks. What alternative could there be besides a crypto currency? I'm not saying it will be bitcoin, because there have already been several fedcoin lead balloons floated, but bitcoin has thrived in an incredibly non-permissive environment (economic, technological and political) for a long time now.

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