I definitely understand your view on crypto, and I hate to be an apologist, but here’s a view you may not have considered:
I think mainstream society has gotten far too comfortable with the lack of privacy in our everyday lives, and this extends to finance. A company has no business tracking the data about my purchases, let alone selling it. The government doesn’t need to know everything I spend money on either.
As with most topics relating to privacy, it’s not that I worry about what I have to hide. I worry about your intention with that information. As one example, if I were needing to buy Plan B for an emergency contraceptive, there is a not insignificant portion of our government and the general population that frowns on that, and could paint me as a target in the future if it was known.
The problem is that crypto is not untraceable like it’s fans want to push. There have been multiple instances of it being tracked back and traced, by private individuals and law enforcement. It’s just debit card processing with extra steps and massive drain on resources.
I am in full agreement with your view on privacy, but I don’t think that cryptocurrency is a solution. People far more eloquent than I have already fully described why elsewhere, so I’d just like to thank you for your civil response.
I fully agree, I just think the solution is cash. Use cash for normal payments. Buy a house with 20s even. Ok maybe not that, but for groceries or when you would use Venmo yeah do it
I agree cash is the right idea, for now, but can you say for sure cash payment will be possible forever, or even the next 50 years? Wouldn’t it be better to blunder around with new ideas while cash is still a good fallback? Not saying I like crypto, and the cost on resources and the environment sucks bad, but I can at least appreciate them trying something. Now we just need to come up with sustainable options…
I get that cash seems a pretty durable idea, and it’s lasted for hundreds of years, but it did so before the massive societal turn towards technology we’ve made in the last 30 years.
I definitely understand your view on crypto, and I hate to be an apologist, but here’s a view you may not have considered:
I think mainstream society has gotten far too comfortable with the lack of privacy in our everyday lives, and this extends to finance. A company has no business tracking the data about my purchases, let alone selling it. The government doesn’t need to know everything I spend money on either.
As with most topics relating to privacy, it’s not that I worry about what I have to hide. I worry about your intention with that information. As one example, if I were needing to buy Plan B for an emergency contraceptive, there is a not insignificant portion of our government and the general population that frowns on that, and could paint me as a target in the future if it was known.
The problem is that crypto is not untraceable like it’s fans want to push. There have been multiple instances of it being tracked back and traced, by private individuals and law enforcement. It’s just debit card processing with extra steps and massive drain on resources.
I am in full agreement with your view on privacy, but I don’t think that cryptocurrency is a solution. People far more eloquent than I have already fully described why elsewhere, so I’d just like to thank you for your civil response.
Not mine. Classic Murica problem, I suppose?
I fully agree, I just think the solution is cash. Use cash for normal payments. Buy a house with 20s even. Ok maybe not that, but for groceries or when you would use Venmo yeah do it
I agree cash is the right idea, for now, but can you say for sure cash payment will be possible forever, or even the next 50 years? Wouldn’t it be better to blunder around with new ideas while cash is still a good fallback? Not saying I like crypto, and the cost on resources and the environment sucks bad, but I can at least appreciate them trying something. Now we just need to come up with sustainable options…
I get that cash seems a pretty durable idea, and it’s lasted for hundreds of years, but it did so before the massive societal turn towards technology we’ve made in the last 30 years.
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