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Joined 1 year ago
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Cake day: June 18th, 2023

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  • In-spite of its potential for liberation and independence.

    When it shows that potential, maybe more people will get on board. Until then there are a host of problems that make a ton of people not want to touch it including but not limited to:

    • a) Capitalists and scammy chucklefucks are already exploiting it the way they do with traditional currencies, except in sometimes new creative ways because of either the lack of regulations or because the technology inherently makes it impossible to trace. I don’t see that changing in a fully crypto world either, because people are always going to need financial services like loans and insurance on their savings and the banks will always have the imbalance of power.

    • b) The currencies mostly benefit people with a ton of capital to handle consensus, which further entrenches the power imbalance found in (a).

    • c) Insane amounts of resources are needed to reach consensus in a way that is not good at all for the environment. Sure we already use a lot of power to make our society run. But crypto is asking for more ON TOP of that, compounding the issues.

    • d) Relying solely on crypto leaves people destitute if their wallets got hacked.

    • e) Chucklefucks are using the technology to commodify and break the best part of the digital world which is the ability to have bit for bit reproducible copies of information.

    Fix all of that and you surely would get people on board but I have yet to hear compelling solutions by cryptobros.