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veritse33

-3 karma · joined October 17, 2019

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veritse33··on The Fallacy That Is Cryptocurrency
Unfortunately the author doesn't really even make any arguments to debunk. He just drones on about what money is, then Concludes Bitcoin is doomed.

The title should be: "10 years and going strong, venture capital backed 'entrepreneur' declares Bitcoin is dead"

veritse33··on The Fallacy That Is Cryptocurrency
The exisiting settlement system serves the banking, regulatory and foreign policy interests of the US better than a distributed ledger would, so those institutions have no incentive to switch.

The only people who have reason to use Bitcoin (or have ever used it) are individuals wanting uncensorable transactions. Bitcoin isn't intended to be used for carrying your life savings around on your smartphone. It's a fast, cheap and secure way to send money over long distances.

veritse33··on Gitlab Makes a U-Turn
No, if the government orders you to do something you do it. Disobeying a legal order would be a political statement. ('civil' disobedience)

The GitLab policy was meant to stop ideologically motivated employees from sacrificing the reputation and interests of the company for their own personal political objectives. Of course, enough other compainies have already been taken over by allied ideologues that they pressured GitLab into allowing politically motivated behavior.