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681 points Anon84 | 2 comments | | HN request time: 0s | source
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phplovesong ◴[] No.46190528[source]
The original promise of crypto was lost a LONG time ago.

Instead of being a true rival to FIAT, it became a thing with a toxic-as-hell commumity, fraud, and basically its nothing more than a high risk stock. The risk is NOT only "will this go up or down" but you have a high risk of being robbed, as have happened to millions of people.

Maybe there will be a better alternative in the future, but right now bitcoin is not it.

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amelius ◴[] No.46190719[source]
To add to that, crypto is also a gift from heaven for criminals who need to receive ransoms.
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Dilettante_ ◴[] No.46190809[source]
"Freedom enables crime" is an entirely true argument, and a gift from heaven for The Powers That Be who need to justify the taking-away of Freedom.
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amelius ◴[] No.46190929[source]
Freedom is never absolute. What gives one person freedom may limit another person's freedoms. Therefore you will have to weigh the pros and the cons of a technology that promises freedom.
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Dilettante_ ◴[] No.46191115[source]
There is a difference between "Freedom to do something" and "Freedom to not have something happen to you".

If we keep curtailing the former to serve the latter, we will end up perfectly safe from interruptions, doing nothing at all(aside from what the government dictates as 'serving the common good')

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geysersam ◴[] No.46191217{3}[source]
There's no difference. You can't formulate that distinction coherently.

What's the difference between having the freedom to walk the street and having the freedom to not be hindered from walking the street?

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somenameforme ◴[] No.46191343{4}[source]
There's tremendous difference. Imagine I put a 5' high fence every 3 feet on a sidewalk. You still have the freedom to walk down the street, but no longer have the ability to do so. This is why the Bill of Rights is framed in terms of limitations on governments as opposed to guarantees of rights.

For instance, the Bill of Rights doesn't grant you the right to free speech. You already naturally have that. It instead makes it unconstitutional for the government to try to hinder that right. By contrast the USSR and China both had/have guarantees of freedom of speech in their constitution, but they mean nothing because obviously you have freedom of speech by virtue of being able to speak.

You having the freedom of speech says nothing about the ability of the government (or private companies in contemporary times) engaging in actions making it difficult to exercise that speech without fear of repercussion. Or as the old tyrannical quote goes, "There is freedom of speech, but I cannot guarantee freedom after speech."

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freejazz ◴[] No.46193658{5}[source]
> There's tremendous difference.

No there isn't. They are the different sides of the same coin. Any freedom from something is a constraint against someone else doing that thing.

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1. somenameforme ◴[] No.46201042{6}[source]
This may be how you personally interpret these things, but it is not how it has been interpreted universally for many centuries now. The freedom to do something has nothing to do with how easy it is to do, or even the absolute viability. For a basic example of the latter, every US citizen by birth has the freedom to become President some day, yet of course it is literally impossible for more than 0.000006% of people to achieve that within their expected lifetimes.

This is why constitutional guarantees of rights, the world round, are generally completely meaningless.

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2. freejazz ◴[] No.46205796[source]
>The freedom to do something has nothing to do with how easy it is to do, or even the absolute viability.

Are you confusing me with someone else?

> For a basic example of the latter, every US citizen by birth has the freedom to become President some day, yet of course it is literally impossible for more than 0.000006% of people to achieve that within their expected lifetimes

I have no idea what this has to do with my point and you have not adequately explained the relevancy either.