7 Comments
Oct 8, 2021Liked by Sylvain Saurel

That's how we contribute to Bitcoin. It's funny how people compare. US dollars and bitcoin. More to be done, there is a way.

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"From the moment you run your full node on the Bitcoin network, you will be able to verify everything yourself without having to take anyone's word for it. This is a fundamental difference from the current monetary and financial system where you have to blindly believe the powerful people who run it."

I often wonder whether crypto people really have a grasp of the real world. This piece is yet another simple example of why the space just seems full of grifters.

Bitcoin (strange that I have to write such sentence) is not a "monetary and financial system". Nor will it ever be. But the ideology and the promoters and scammers that swarm and largely control the narratives in the crypto world really rely on the ignorance or gullibility of others to just accept such absurd statements.

There are so many ways to make it clear without actually going into detail how damaging such assertions are. The simplest is to ask: when the economy (yes, a vast complex of huge numbers of participants interconnected in many ways, most of all through governance) tanks, will Bitcoin step in and pay you when you've lost your job? Will it suspend rent and eviction laws? Will it come together and incent the creation and distribution of vaccines during a pandemic? Will it build your roads and support a healthcare system?

No. It does none of these things. It's just a gambler's token and a set of beliefs that are patently absurd to anyone who what a monetary and financial system are.

Put your belief and efforts into clean and accountable governance. Not this silliness.

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Running your own node gives you a bit more freedom and ownership for sure, but there are so many hurdles to overcome to make it completely free. Hopefully, this road can continue.

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"From the moment you run your full node on the Bitcoin network, you will be able to verify everything yourself without having to take anyone's word for it. This is a fundamental difference from the current monetary and financial system where you have to blindly believe the powerful people who run it."

I often wonder whether crypto people really have a grasp of the real world. This piece is yet another simple example of why the space just seems full of grifters.

Bitcoin (strange that I have to write such sentence) is not a "monetary and financial system". Nor will it ever be. But the ideology and the promoters and scammers that swarm and largely control the narratives in the crypto world really rely on the ignorance or gullibility of others to just accept such absurd statements.

There are so many ways to make it clear without actually going into detail how damaging such assertions are. The simplest is to ask: when the economy (yes, a vast complex of huge numbers of participants interconnected in many ways, most of all through governance) tanks, will Bitcoin step in and pay you when you've lost your job? Will it suspend rent and eviction laws? Will it come together and incent the creation and distribution of vaccines during a pandemic? Will it build your roads and support a healthcare system?

No. It does none of these things. It's just a gambler's token and a set of beliefs that are patently absurd to anyone who what a monetary and financial system are.

Put your belief and efforts into clean and accountable governance. Not this silliness.

Expand full comment

"From the moment you run your full node on the Bitcoin network, you will be able to verify everything yourself without having to take anyone's word for it. This is a fundamental difference from the current monetary and financial system where you have to blindly believe the powerful people who run it."

I often wonder whether crypto people really have a grasp of the real world. This piece is yet another simple example of why the space just seems full of grifters.

Bitcoin (strange that I have to write such sentence) is not a "monetary and financial system". Nor will it ever be. But the ideology and the promoters and scammers that swarm and largely control the narratives in the crypto world really rely on the ignorance or gullibility of others to just accept such absurd statements.

There are so many ways to make it clear without actually going into detail how damaging such assertions are. The simplest is to ask: when the economy (yes, a vast complex of huge numbers of participants interconnected in many ways, most of all through governance) tanks, will Bitcoin step in and pay you when you've lost your job? Will it suspend rent and eviction laws? Will it come together and incent the creation and distribution of vaccines during a pandemic? Will it build your roads and support a healthcare system?

No. It does none of these things. It's just a gambler's token and a set of beliefs that are patently absurd to anyone who what a monetary and financial system are.

Put your belief and efforts into clean and accountable governance. Not this silliness.

Expand full comment

As much as I wish I could own a load of BTC and make a good flip out of it, my interest goes for the blockchain technology and technologies on a global scale. That whole "BTC vs the System" talk... I don't really buy it. I don't see much rebels or revolutionary people in that space right now but most likely the same greedy people using that whole anti-system talk to complete their own agenda. Scams and greed but with a geek look. These articles you are coming with are starting to sound like remixes of remixes. I feel like I'm reading the same article over and over consisting of plain assertions and not enough questioning.

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Everybody should contribute to the bitcoin network. There's solutions like Umbrel that make running a node easy.

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