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Re:10 years of whatever this has been by ignoramous on Thursday November 18, 2021 @03:41AM (#29263409)
> My impression is that Bitcoin (and crypto) is now a religion.

Whilst this looks valid on the face of it, the best explanation I've seen is that crypto-currencies, DAOs, NFTs, what-have-you are counter-intuitive to most people, even the ones hodling it, because most of these decentralized products are just not the same thing and shouldn't be all lumped up in one giant straw-man. For one, I am really bullish about payment networks like Facebook's Diem, Celo.org, Coinbase/Circle's USDC, and Stellar. These absolutely should disrupt international payments.

There's a lack of coherent understanding but just as apenwarr pointed out, eventually something good will come of it, and then everyone that is/was on the blockchain train would claim, "I told you so".

At this point, there are so many smart people working on it, that I don't see it failing in my lifetime. The key, I guess, is to pay attention to whoever is out there toiling away to make the ecosystem better and listen to their whats, whys, and hows.

Re:10 years of whatever this has been by dmingod666 on Thursday November 18, 2021 @03:53AM (#29263482)
Isn't 'solving' international payments messing with the US govt? If you bypass the swift system then they can no longer track international transactions and more importantly enforce sanctions.
Re:10 years of whatever this has been by 4ggr0 on Thursday November 18, 2021 @04:14AM (#29263590)
As someone who's not from the US, good.
Re:10 years of whatever this has been by oblio on Thursday November 18, 2021 @04:47AM (#29263777)
You're probably working under the assumption that whatever replaces the US system is better.

You have no way of knowing that and most US geopolitical alternatives are awful. Except for maybe the EU if you include it.

Re:10 years of whatever this has been by 4ggr0 on Friday November 19, 2021 @03:29AM (#29275018)
> that whatever replaces the US system

I'm just generally opposed to a system being pushed by a single country. Don't care if that's the US, China, Russia or Nepal.

It's not because I don't like the US, I just wish that we all would get to say how that system is supposed to work, instead of the US thinking it knows what's best for "us". Similar to how it's for whatever reason okay that the US has it's military bases littered all over the world.

I've got nothing against y'all as people, but your government and military for sure grind my gears.

Re:10 years of whatever this has been by simonh on Thursday November 18, 2021 @05:45AM (#29264057)
I'm a Brit so an outsider on that issue. I would imagine the only legal issue with international bitcoin transactions are related to tax. Unless of course the transfer is part of some other illegal activity, such as money laundering or drug trafficking.
Re:10 years of whatever this has been by doom2 on Thursday November 18, 2021 @11:03AM (#29266952)
> There's a lack of coherent understanding

This, plus the lack of simple explanations of the various parts of the ecosystem(s), is one of my main gripes (the environmental costs being the other). Hopefully it will change in the near future, but if it takes 1000 words (and potentially as many moon/rocket emoji) to explain the what/why/how of NFTs/cryptocurrencies, that doesn't seem like a sign of success to me.