@abucci@anthony.buc.ci @prologic@twtxt.net I want to emphasize that I asked that question in good faith. I genuinely want to know what ya’ll believe to be true. I don’t know everything and maybe you know something that I don’t. (In fact, I’d love to know why @prologic@twtxt.net thinks there’s been “harm to the economy”, but we can save that for later.) I wanted to hear you first before I started spouting off about why I think Bitcoin (excluding other crypto currencies) is a net good for society. But since ya’ll asked, I’ll list them in a fork of this twt. (Not gonna try to prove them off the bat. I’m just gonna list things I believe and we can discuss in forks for each one. In addition, I’m leaving room for the fact that writing these things out might lead me to realize that I’m wrong. I’m happy to admit that I’m wrong. I hope you can go in with the same attitude.)
- The inflation we see with fiat currencies (USD, AUD, etc.) is straight up theft. This theft hurts the least advantaged people most.
Debt is slavery. Fiat encourages debt. Therefore, fiat encourages slavery.
Long term, Bitcoin is an appreciating asset. This discourages debt and therefore discourages slavery.
Bitcoin represents the strongest property rights that have ever existed.
I don’t buy the “environmental disaster” arguments. In fact, I think the opposite may prove to be true.
If Bitcoin is a ponzi scheme, then ALL money is a ponzi scheme.
Fiat needs coercion/violence to survive.
Bitcoin arose without any need for coercion/violence.
@abucci@anthony.buc.ci To be fair, I think it’s sadly easy to fall into these “traps” (is this what we call bubbles? 🤔) – So in good faith in return let’s go easy on poor @brasshopper@twtxt.net 🤗 – In the world we live in today, it is so easy to fall into these bubbles it’s not even funny anymore 🤦♂️ – Truths are so hard to find today with all the media that combarded at us and all the propaganda on all sides 🙄 – The only thing I know to be sure of is in today’s day and age (Information age?) – Data and Information are now considered “modern weapons”.