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by nuerow
1693 days ago
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> Nevermind that for most of history human societies have been built on gift economies or that humans always cooperate in times of extreme crisis unless there are external influences explicitly preventing it. The key point here is that in BTC, or any crypto or unregulated market, there is no external influence preventing it. In fact, there are only external influences ensuring that they will screw up the little guy and fleece them out of their hard-earned money. With real money, we have central banks actively working to both stabilize it's value and increase economic growth. That's as close there is to "cooperating in times of extreme crisis" there is at a national or even regional scale. With crypto in general and BTC in particular, the name of the game is pumping it and let everyone else end up holding the bag. |
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I'm not sure you're replying to the right point since it seems you largely also share the opinion that crypto is mostly a scam even if not every participant is in on it.
I was talking about hierarchies of power. Capitalism, caste systems, patriarchies (think of Middle Eastern "honor" systems), literally having a gun pointed at your head, etc. Those are external influences that can prevent and disrupt cooperation that would otherwise arise naturally.
If I see an overturned car on the road side, I stop to see if I can help. But if I'm on the way to my job which I need to continue having a roof over my head and feed my family and being late could get me fired and it's hard to find something else, I'm more likely to just move on.