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A comment on Cryptocurrency will always be political.

Re:Cryptocurrency will always be political by remarkEon on Friday December 15, 2017 @02:54AM (#15930311)
My friend sent me a meme today that illustrated a view (not his) of what hardcore Crypto evangelists believe. In full disclosure I am not one, but believe there is probably some utility in it, I own a decent amount of BTC (not enough to make me quit working...enough to make me think about buying a house in the near future, depending on taxes), and I understand what the community is trying to do.

It was a meme of a scene from the Matrix.

>Neo: What are you trying to tell me? That I can trade my Bitcoin for millions some day?

>Morpheus: No Neo. What I’m trying to tell you is that when you’re ready...you won’t have to.

This view I think starkly disturbed me because it seems to signal that hardcore Hodlers really do think that on a long enough timeline the whole economic system collapses.

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Re:Cryptocurrency will always be political by jstanley on Friday December 15, 2017 @03:10AM (#15930352)
That you won't have to sell your bitcoins doesn't imply the "whole economic system collapses". It just means you can buy all the goods and services you need directly in bitcoin.
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Re:Cryptocurrency will always be political by remarkEon on Friday December 15, 2017 @04:59AM (#15930754)
That makes no sense whatsoever. If I can buy everything in BTC that demonstrates that something happened very wrong that makes USD untenable for basic, or any kind of, transaction.
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Re:Cryptocurrency will always be political by StavrosK on Friday December 15, 2017 @05:36AM (#15930902)
That's a very American-centric view. The fact that Amazon UK accepts orders in euros doesn't mean that the pound is untenable for any transaction. Similarly, Amazon accepting Bitcoin (thus meaning you can buy almost everything with BTC) doesn't make the dollar obsolete.
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Re:Cryptocurrency will always be political by remarkEon on Friday December 15, 2017 @10:35AM (#15932484)
Please. Normal Forex is not the same as a deflationary crypto currency being trusted enough for normal transactions. If in the future I indeed can buy everything with cryptocurrency then I stand by my feeling that something must’ve gone quite wrong.
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Re:Cryptocurrency will always be political by jstanley on Saturday December 16, 2017 @06:14AM (#15938992)
Why is it not the same? It'll be fine.
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Re:Cryptocurrency will always be political by divanvisagie on Friday December 15, 2017 @03:15AM (#15930370)
Yeah , I do think there are those who believe in a collapse of normal economic systems but the reality is that things would probably just transition to it.
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Re:Cryptocurrency will always be political by LV-426 on Friday December 15, 2017 @03:17AM (#15930377)
Anyone who seriously and unironically bases any kind of world view on either:

a) Memes, or b) Lines from The Matrix

is probably not someone to take seriously.

In a catastrophe like our whole economic system collapsing (presumably somehow leaving Bitcoin's internet/mining ecosystem untouched) the last thing on anyone's mind is going to be computer money.

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