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by kalleboo
937 days ago
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> How did you anonymously fund your account at Mt Gox? Because I only remember them taking bank wires. Here in Japan you can make domestic wires anonymously using cash at an ATM (since it's such a cash-based society), and since Mt Gox was based in Japan you could fund your account with a domestic wire transfer > How did you come to learn about bitcoin, this "dumb as shit" concept Probably on IRC? I can't recall. It was still early enough that I got like 0.001 btc from one of those "btc faucets". It was fun when it was just this distributed tech demo, before people took it so seriously. The technology is cool. What's dumb as shit is the idea of basing the future of finance on it. |
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> What's dumb as shit is the idea of basing the future of finance on it.
As I said, I burned through my convert zeal a long time ago... but your situation does have me curious. Do you have any formal experience with the backends making up the global financial system? Because I do, and it blows my mind that anyone trusts it at all. The US has, in recent years, proven itself to be such an awful steward of the global reserve currency that it is at the point now where multiple militarily weak states are openly discussing replacing the petrodollar with something else. A few years ago that would have resulted in a coincidental horrific end for them, but after the naked weaponization of the international financial system against Iran and then Russia... well the end is very near. All that is to say that it is now clear that everyone now knows a fiat currency controlled by a single interest makes a poor global reserve. Combine that with the likely future in which software agents need to directly handle money in order to pay their own bills... and meatspace money won't work, because humans are thieves with access to fraudulent chargebacks. What alternative could there be besides a crypto currency? I'm not saying it will be bitcoin, because there have already been several fedcoin lead balloons floated, but bitcoin has thrived in an incredibly non-permissive environment (economic, technological and political) for a long time now.