[CerealFounder]

This was always the major existential risk of all of these currencies. It always felt like the cryptoheads viewed currency economics through an academic perspective instead of a practical one. While fiat currency is about money, at the macro level its much more about cultural and political control. Yes, it would be ideal if we decentralized and things were more transparent, but to get there you are literally going to war with every major military in the world by asking them "hey guys, hand over that control/influence." It seems like an uphill battle and one that doesn't truly start until they begin to be seen as a threat.

Good luck fighters...

[jackcosgrove]

Not only that, but crypto users would eventually end up resolving disputes through the legal system, both because they must and because there is no practical alternative. So you come to depend on the system you are trying to undermine.

If you want to set up your own currency, you also need to set up a legal system to resolve disputes, a law enforcement system to enforce judgements, and a military to ultimately defend all these other systems.

Crypto seemed like it had to reinvent the wheel of the financial system, with all its pitfalls. Turns out the rabbit hole is much deeper than that.

[sekmet]

Yes, we will need to fight to keep our crypto money alive.... these communist suckers will try fuck everything to control us... be prepared!

[deeeeplearning]

>these communist suckers will try fuck everything to control us

Yeah Janet Yellen the famous Marxist... wtf??

[prichino]

I mean the smarter ones usually hide it...

[deeeeplearning]

Thats the dumbest thing I've ever heard. So you are admitting you have no idea at all that she's actually a "Marxist" and that it's just a catch all term used by American morons for people they don't like?