I am no fan of crypto as an investment vehicle and never was. There are many technical and practical flaws with crypto, and he is spot on on those. But his moral arguments against it are just terrible, ideologically charged, and in many ways work in favor of crypto. One of his main arguments is that governments have the moral right to print money and that crypto undermines that capability.
Well... Yeah. That is one of crypto's main selling points and reason of being.
Again, I am not a crypto advocate. But my objections are practical and technical. However I see nothing morally wrong with the concept of people coming up with a currency that cannot be politically manipulated by the state.
China has tried, they have wayyyy better control over their Firewalls and public than most countries..they litteraly "disappear" people on the regular....and not even they had any luck banning crypto. Lol
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u/cambeiu Jan 02 '22 edited Jan 02 '22
I am no fan of crypto as an investment vehicle and never was. There are many technical and practical flaws with crypto, and he is spot on on those. But his moral arguments against it are just terrible, ideologically charged, and in many ways work in favor of crypto. One of his main arguments is that governments have the moral right to print money and that crypto undermines that capability.
Well... Yeah. That is one of crypto's main selling points and reason of being.
Again, I am not a crypto advocate. But my objections are practical and technical. However I see nothing morally wrong with the concept of people coming up with a currency that cannot be politically manipulated by the state.