Centralised payment systems are much more efficient. Yes, corporate capture can make them suck (visa/MasterCard duopoly). To ensure security, financial infrastructure tends to be super capital intensive. This leads to an oligopoly in a best case scenario and a monopoly in the worst case scenario.

Being a natural monopoly, I would highly highly be in support of state owned financial “stuff”. Cooperativize operations as much as possible, but let the state raise capital for this. Good for national security too.

Certain types of crypto can be very good if you want transactions to be anonymous (Monero being the best example). Wanna purchase drugs from an illegal ecommerce platform? Monero is untraceable. Wanna buy weapons, launder money, etc? Monero works. Otherwise, it’s pretty much useless in the face of existing non crypto services.

BTC sucks for transactions. But its value proposition is kinda different. It’s kinda like gold (kinda).

Humans throughout history have based currencies based on items that can be easily verified to be real, and are scarce. Gold is an example. Gold can be mined, yes. But it’s pretty scarce. It’s easy to tell gold from “not gold”.

Hence, in a world where financial systems weren’t exactly integrated and digitized, assets and market info was hard to track, trust in other countries and their institutions was super low, gold worked.

But we abandoned the gold standard for a reason. Hence, do we really want a digital gold equivalent (in terms of verifiability and scarcity)? What even is the point? That’s why BTC doesn’t make sense (for me)

I don’t necessarily boycott businesses just to achieve some higher purpose like beating fascism away or whatever- most of the time it’s cuz I know the owner(s) are assholes to their workers. Fuck those guys. Plus, most food served outside is inferior to the one I make at home, so not much of value is lost.

If I ever have kids in the future, and if my kids do this seat kicking bullshit, I give total permission to this distinguished individual to eat my kid.

Hey, funny picture, though could you please not link to Musk’s platform? He’s kind of a dick, n we don’t really like supporting his businesses here. Sorry <3

Why’s that? What part from that era would you like to see again today if you could?

PEAK. This is the highest point of this community.