217 karma · joined March 13, 2018
If you want to learn more about this concept, you should research about Slavoj Zizek's work on ideology. Bitcoin is not just technology, but a multi-faceted ideology founded around cypherpunks ideas, liberty, sovereignty, austrian economic system, free markets.
Even the way Bitcoin is developed (slow, methodical) and Bitcoin apps are built is different to SV way which is move fast, break things, iterate.
Comparing steve jobs to Leonardo is a discredit to both steve jobs and leonardo.
You work and convert your time into currency which can be traded for other goods or services.
When currency is manipulated, it allows the manipulator to make your currency worth more or less. effectively theft.
people get upset
blame it on the tech
In my opinion the economics of bitcoin is the core, which is kept in balance and managed with game theory and decentralised governance and it is created with computer science and cryptography.
In order to truly understand what Bitcoin is then you need to fully grasp all these 3 facets. Most people don't, they read the headlines or look at bitcoin from one of the facets and write it off.
"All animals are equal, but some animals are more equal than others."
If FUD scares you then crypto trading is not for you
At least with a government backed currency we get a choice on who runs the government. Even though that power is constantly being eroded.
The companies that run Libra however have 0 obligation to users of Libra but only to maximise profits for their shareholders. This is their plan:
* Dedicate a lot of resources to spread the adoption of Libra
* Change the language of what Libra is.
* Extract as much value as they possibly can from Libra users.
The proof is simple, If FB and all of those companies dedicated resources to development and adoption of Bitcoin itself then it would be able to reach the goals of Libra and be more decentralised than Libra.
David Marcus and the entire Facebook Libra team make me sick to my stomach.
2008.... those "heavy regulations" and "audits" meant nothing.