Long term, Bitcoin is an appreciating asset. This discourages debt and therefore discourages slavery.

There will only ever be 21 million Bitcoin (eventually). The yearly inflation rate (new bitcoin created) will drop below gold’s inflation rate in the next few years. Eventually, it will go to zero.

@prologic@twtxt.net, I’ll only add that Bitcoin as the ‘first’ massive cryptocurrency is a vast social experiment, appealing to me as a hacker.

But as with many ‘successful’ experiments it’s going out of control. Currently, there are 9k+ different cryptocurrencies, each one trying to improve over the previous, or at least promising new things, and that’s where the promises are not going to be fulfilled. It’s easiest to promise a nicer future than to actually achieve it.

I can’t say every crypto + currency system is evil or good. That’s ideology, oversimplification appealing to our emotions. ‘Money is the root of all evil’ is BS, the real quote is ‘the love of money is the root of all evil’. I’ll say it’s the same for Cryptocurrencies. Fanaticism and cult behaviour is the bad part IMO.

As with the example of the gun, designed to kill people, vs the knife to cook, that could be used to kill someone. Money is not moral, but the monetary systems are. That’s the tricky part.

As a scientist, I always have to remind: “Scientists were so preoccupied with whether or not they could, they didn’t stop to think if they should.”
That’s where ‘good’ intentions like Google with the “don’t be evil” motto, suddenly, get evil. A search engine is cool. A whole company designed to sell users’ data, not so much. The same thing with anything to store value, it’s tightly connected with power, and that may show the worst part of humans.

@prologic@twtxt.net This is a great resource. I like this one as well.