I feel like the CEO of Blackrock pumping #Bitcoin is a concrete sign that it's failed to exist as a useful currency to advance liberty. Some would argue it was never intended for this, but even now there are people who will sloganeer Bitcoin fixes this in the face of censorship and financial repression.
#MoneroOrBust? More and more I start to side with those that argue that currency is the wrong battle in the first place when it comes to attempting to hold the powerful to account. (pun intended)
@gabriel Huh? All currencies and securities are susceptible to manipulation.
If you want to avoid that, use the ones that have the least amount of attention.
@realcaseyrollins@social.teci.world
To be fair, there are many who erroneously believe that bitcoin can't be manipulated. While it is possible to maintain sole custody of your own digital assets, you naturally can't prevent others from playing shell-games and other schemes.
My overall point is largely in response to much of the web3 & nostr world that acts like in 2023 Bitcoin is still in early-days and ready to revolutionize liberty online any day now. Examples like this to me are concrete proof that this couldn't be further from the truth.
Much of the "blockchain tech" companies seem identical to big tech in culture and approaches. They just use the simplest impression of being different to sucker people in. This is why all else being equal, I think the fediverse is objectively superior to nostr and other web3 attempts at the same thing.
Doubling down, I agree with you but arguably everything is on the radar these days.
@gabriel True. I frankly don’t think that crypto isn’t much different than fiat currencies, except that they are by default inflation-resistant. You can buy existing coins but you can’t make new ones on the fly.
But since they’re not used commonly as a primary source of currency, I prefer to treat them like digital stocks rather than actual money.
@realcaseyrollins @gabriel
>But since they’re not used commonly as a primary source of currency, I prefer to treat them like digital stocks rather than actual money.
There's Bitejo which is like a Monero eBay/Craigslist.
@AnarkioCrypto could probably tell you places where you can buy and sell using Monero.
Also, Bitcoin give you the tech for verify if the ETF's Bitcoin are real.