Why would people do something stupid and against their best interests?
Hm, I wonder.
Comment on Please Stop
BobGnarley@lemm.ee 7 months ago
@itsmect mentioned this too but it is wild how this community just hates cryptpo. There’s a good chance the instance you’re on accepts it for donations. Why would they do that if it is so unusable and bad? Open source everything except the money. Makes no sense.
petrol_sniff_king@lemmy.blahaj.zone 7 months ago
reassure6869@lemm.ee 7 months ago
Open source everything except the money.
this is a truly perplexing statement. what about a currency that is controlled predominantly by early adopters is open source?
emilStigsson@lemmy.world 7 months ago
Bitcoin Core is MIT licensed.
There is value in having core functions of society like social medla and money decentralized and running on open source software even though it will not fix wealth inequality.
Like the rest of society, some people get ridiculous wealth by luck of being at the right place at the right time. That is no reason to hate on open source money.
There are many issues with bitcoin but that one I do not buy.
reassure6869@lemm.ee 7 months ago
Bitcoin Core is MIT licensed.
the software is, but what relevance does that have to people using it as currency?
emilStigsson@lemmy.world 7 months ago
It is similar to open source social media. No single entity is in control. No single company or government that can use that power to control the users. For the end user the result is that bitcoin is more like paper cash than other digital money. You and only you are in control. It is extremely hard to stop you from sending or receiving money.
Just like with the fediverse, there is no Elon Musk or Mark Zuckerberg to kick you out. With bitcoin there will be no Putin or Trump to freeze your bank account.
reassure6869@lemm.ee 7 months ago
Like the rest of society, some people get ridiculous wealth by luck of being at the right place at the right time. That is no reason to not have open source money.
thats not the point, there have been studies that show bitcoin is fairly vulnerable to 50% control due to early adopters and other wHaLeS controlling the currency. and the studies can show this because bitcoin isnt private.
emilStigsson@lemmy.world 7 months ago
Alright, do you mean concentration in hash rate (mining)?
HaywardT@lemmy.sdf.org 7 months ago
There is a lot of propaganda pushing the price down. It’s funny that they think the cryptobros have half a trillion dollars and still keep pushing the price up.