the_dunk_tank

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It's the dunk tank.

This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.

Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.

Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.

Rule 3: No sectarianism.

Rule 4: TERF/SWERFs Not Welcome

Rule 5: No ableism of any kind (that includes stuff like libt*rd)

Rule 6: Do not post fellow hexbears.

Rule 7: Do not individually target other instances' admins or moderators.

Rule 8: The subject of a post cannot be low hanging fruit, that is comments/posts made by a private person that have low amount of upvotes/likes/views. Comments/Posts made on other instances that are accessible from hexbear are an exception to this. Posts that do not meet this requirement can be posted to [email protected]

Rule 9: if you post ironic rage bait im going to make a personal visit to your house to make sure you never make this mistake again

founded 5 years ago

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"15 years ago today, the global banking system collapsed. And the savings of everyday people were raided to save it. Satoshi created Bitcoin so it would never happen again." (hexbear.net)

submitted 2 years ago by [email protected] to c/[email protected]

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It wouldn't be a cult without proselytizing, would it? jesus-cleanse cryptocurrency dumpster-fire

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[–] [email protected] 13 points 2 years ago* (last edited 2 years ago)

I thought way too long about this reply so I'll post it here too

If I point a gun to your head and tell you to send me all your bitcoin, you will probably do so, and then you will call the police to tell them that I robbed you at gunpoint. The police will then arrest me and make me return the bitcoin to you that I stole. When you call the police after I stole your Bitcoin, are you trusting a centralized authority to decide whether or not the transaction was legitimate? After all, if I check the blockchain, the transaction seems perfectly fine.

Blur and OpenSea, the leading NFT marketplaces, both have measures in place to attempt to stop the sale of stolen NFTs. Should we trust these centralized platforms to decide whether or not a token should be tradable? Should we demand they abolish these theft protections in the name of decentralization?

As long as there exists a state with an authority on violence, Bitcoin being decentralized is a mere technicality. All political power comes from the barrel of a gun. If the state wants to take your Bitcoin to pay for another war, they can do so regardless of what the code says by simply having the police knock on your door.

Do you want to abolish the state altogether? If you think all centralized authority is bad, what are your thoughts on the crypto space getting increasingly centralized? What do you think about Yuga Labs buying up other top NFT collections? Should they be allowed to do this and if no, who should stop them? How does Bitcoin solve any of the problems you outlined and do you really think that if the government hadn't been able to print money, they wouldn't have found another way to bail the banks out?