In-reply-to » Long term, Bitcoin is an appreciating asset. This discourages debt and therefore discourages slavery.

@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.

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