• NautiNolana@lemmy.world
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    5 months ago

    Everyone gets Bitcoin at the price they deserve. You’ll wake up one day. Our own politicians admitted our monetary system would cause a revolution if the citizens knew how the federal reserve actually worked. They said this in Congress when passing the law, look up the documents.

    But yeah, Bitcoin is the scam. Not the one that lawmakers literally said was a scam🤷‍♂️.

    • ShittyBeatlesFCPres@lemmy.world
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      5 months ago

      No one needs to be educated on Bitcoin. It’s like 15 years-old, raises electricity bills, enables organized crime, and is too volatile to be a currency. Developers know blockchain is too slow to ever be valuable beyond a few very niche use cases. What else is there to learn?

      If anything, Bitcoin fans need to be educated on economic history — maybe start with the free banking era — so they’d know why central banks were created in the first place. But to do that, they’d have to read real textbooks instead of screeds containing dozens of long discredited economic theories. It’s just a modern version of right wing goldbuggism.

      • NautiNolana@lemmy.world
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        5 months ago

        15 years is pretty new in terms of assets. Of course it’s going to raise electricity bills, it uses electricity. All currency enables organized crime.

        Are you a developer? We can take this to the technical level if so, because I am, and I’ve studied the code and cryptography. I have answers for all of your inquires if you approach this topic with an open mind.

        The economic history is the most important part - I agree. Do some research on the history of currency, how it developed, where paper money came from, and how that turned out. Then we can talk some more if you want.

        • nilloc@discuss.tchncs.de
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          5 months ago

          Just out of curiosity, are you old enough to have or remember multiple forms of dead media (digital or analog)?

          This, along with nefarious actors (state or otherwise, like Musk with dogecoin even), have kept me skeptical of crypto currencies.

    • MagicShel@programming.dev
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      5 months ago

      Look at our current set of lawmakers. Many of them are unserious people and you can’t take what they say seriously. Which is why we should endeavor to stop electing them.