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by DaniloDias 1919 days ago
This is a weird, angry screed.

Op should read The Ascent of Money and maybe worry less about the moral failings of other humans.

Peace and trust cannot exist without currency. Money lubricates peaceful resolution of conflict.

If you need food and I have it, trade or violence are your only options if currency doesn’t exist.

Screaming at Bitcoin is like screaming at evolution. As long as humans evolve, money will keep pace.

6 comments

Or Bitcoin could just be an energy wasting failure that distracts people from building important things.

Will money evolve? Certainly.

Does Bitcoin have a future beyond a bubble? We don’t know.

> If you need food and I have it, trade or violence are your only options if currency doesn’t exist.

Another option is debt. You give me the food and I owe you something equivalent later.

>Peace and trust cannot exist without currency.

This is completely false. Currency is orthogonal to trust.

>Money lubricates peaceful resolution of conflict.

Just as easily as it is the driver behind conflict.

>If you need food and I have it, trade or violence are your only options if currency doesn’t exist.

Trade, gift or violence are your only options regardless of the existence of currency.

What currency does is help to expand the number of people that can do business beyond the number of people one can have a personal relationship with.

That is immensely powerful, but it also enables a whole world of fraud and bad things that we need a functioning trusted regulator to deal with.

But bitcoin isn't an advanced form of money.
What makes Bitcoin marginally better money when its valuations are primarily driven by its ability to be a hedge against a system which intends to and is capable of capturing and controlling it?