News for hackers. Stuff that matters.

A comment on Berkshire: Bitcoin is ‘contrary to the interest of civilization.’. Parent comment

Re:Berkshire: Bitcoin is ‘contrary to the interest of civili... by DSingularity on Monday May 10, 2021 @08:07AM (#27105043)
Designed around mistrust? Surely you mean motivated by distrust in the financial system? You know, the same financial system that launders cartel money, rigs interest markets against the poor, and crashes housing markets to make pensioners go broke?
[ Parent | on HN ]
Re:Berkshire: Bitcoin is ‘contrary to the interest of civili... by apples_oranges on Monday May 10, 2021 @08:11AM (#27105085)
That's why there are control systems in place. Institutions. Their effectiveness may be debatable, but by embracing Bitcoin (imho) we are throwing the baby out with the bathwater for not a good enough reason.

But what do I know. For me this whole Coin-Thing looks like Online Poker did 20 years ago. People like to gamble and they like Robin Hood type of stories..

[ Parent | on HN ]
Re:Berkshire: Bitcoin is ‘contrary to the interest of civili... by maxqin1 on Monday May 10, 2021 @08:09AM (#27105066)
The moral problems exist for a minority of USD, but a majority of BTC.
[ Parent | on HN ]