this post was submitted on 22 Feb 2025
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I suspect you should listen to your own counterpoint:
Don’t walk down the street because someone might rob you.
Don’t use your computer because someone could hack you.
Don’t go swimming because it is possible to drown.
Throwing out the baby with the bathwater.
An uncensorable ledger not controlled by any one party is (at the very least) a valuable technology with unique abilities despite scammers using it for gambling.
The digital equivalent of uniqueness is (at the very least) a valuable technology with unique abilities despite assholes using it for Bored Apes.
Just because you can’t see the use case, doesn’t mean we need to stop innovating.
That completely misses the point I was trying to make you understand. But I guess you are a bit too deep in the bezzle to understand it (yet).
Are there obvious, inherent pitfalls to deregulation of anything at all? Yes.
Is it absolutely necessary for it to exist? Also yes. Self sovereignty is both dangerous and absolutely necessary…unless you WANT Uncle Sam to be able to put a short time-limit on spending your tax return once they adopt a Central Bank Digital Currency (and they will). With a CBDC controlled by the Fed, we will be subject to money that expires and other features that feel like bugs that go hand in hand with a central power controlling a currency.
Agree to disagree then. You don’t seem to grasp my points and I don’t grasp yours. Peace.
As my rant above detailed, I’d be happy to give up my belongings if I lived in a truly communist society. But I don’t. So, I hold onto my possessions tightly since it is literally the way I survive.