:: Re: [unSYSTEM] Amir on the BBC
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Skribent: Andrew Miller
Dato:  
Til: System undo crew
Emne: Re: [unSYSTEM] Amir on the BBC
I've expressed this opinion before, but it's apparently an unpopular
view. I'm repeating it today (and will continue to do so once every so
often!)

Bitcoin is a systematically (though unintentionally) defective design,
that is guaranteed to induce the same sort of greedy/profiteering
rent-seeking behavior you'd like to defeat. This is because Bitcoin is
designed to emulate gold, a scarce commodity currency, and that's the
wrong model to base a healthy economy on. Saying it is "crucial to
preserve bitcoin intact" presumes that Bitcoin is the right solution,
which is unjustified (and which I disagree with).

Ripple or Ethereum could fix this, if they are able to overcome
technical obstacles.

On Sat, Feb 8, 2014 at 3:01 PM, Amir Taaki <genjix@???> wrote:
> well you know if you make a corporation, and said corporation is given
> access as one of a selective few to a wider market than you have hit the
> jackpot.
>
> there's another few who see bitcoin also as a tool, but seek to apply it
> in a different way. through a combination of future vision, and
> recognition of life being more than personal bank balances.
> it might be a dawning social awareness, that there is more to life:
> things like love, culture, experiences, personal growth ...
>
> viewed through this lens, it becomes more crucial to preserve bitcoin
> intact. because for every real loss to bitcoin as a technology even if
> the market gains, translates to long term loss in potential of the
> technology.
>
> but if your goal is immediate profit, or winning support from profit
> seekers (who don't have *your* interest aligned with theirs) at the
> expense of effecting real change in the situation... it might be
> tempting to throw up our hands, say "fuck it", and buy into the whole
> paradigm that needs to be undermined. but then we are effecting our own
> demise and sacrificing liberty for easy comfort. no one said this would
> be easy, but the real long term reward is massive if we succeed - our
> survival, our sovereignty, our freedom.
>
> Bitcoin corporations want to become 'legit' so they seek regulation of
> BTC. They are willing to sacrifice on the principles of Bitcoin to win
> short term favour. They believe in placating to power in order to curry
> special favour.
> Part of this involves a phony clean image of Bitcoin with progress led
> by professional men in suits. They are anti black-markets or any
> association of them with Bitcoin. black-market is not a dirty world -
> it's the oldest and purest form of trade. we shouldn't be ashamed. we
> should not shy away from these connotations, as that's a big tactic used
> to dominate and subjugate people into compliance. it's basically peer
> pressure to conform when you think different.
>
> On 08/02/14 20:17, jindq1 wrote:
>> Haha. You said it buddy. Bitcoin is about personal profit and bitcoiners
>> becoming the 1%, not about getting rid of the 1%. I really wish people
>> would stop staring at the price and just learn to use bitcoin. The fact
>> bitcoin is fueled primarily by greed and deception that I have begun to
>> think projects like Ripple or even DogeCoin are more worth people's time.
>>
>>
>>
>>
>> On Sat, Feb 8, 2014 at 7:18 PM, Amir Taaki <genjix@???
>> <mailto:genjix@riseup.net>> wrote:
>>
>>     but he doesn't look respectable!

>>
>>     oh the good old days when we had decent individuals like trace mayer
>>     representing us.

>>
>>     > high net-worth individuals pumping bitcoin
>>     > bitcoin becomes legit
>>     > big money invests
>>     > my holdings go up
>>     > bitcoin becomes legit, regulation ensues, corporations thrive
>>     > fuck the small guy

>>
>>     On 08/02/14 14:52, Jason King wrote:
>>     > Great piece with Amir talking about taking back the world with
>>     bitcoin.
>>     > Nice hoodie... :)
>>     >

>>     >
>>     https://www.youtube.com/watch?v=AU2a4AfleTE&feature=youtube_gdata_player

>>     >

>>     >

>>     >
>>     > _______________________________________________
>>     > unSYSTEM mailing list: http://unsystem.net
>>     > https://mailinglists.dyne.org/cgi-bin/mailman/listinfo/unsystem

>>     >

>>
>>
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>>
>>
>>
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>
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--
Andrew Miller