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Re:Woman holds up Lebanese bank for $13k of her own money by peyton on Wednesday September 14, 2022 @09:00AM (#32836542)
What’s a crypto skeptic? There’s a pretty clear use case here for some sort of money not controlled by violence, but by math, no?
Re:Woman holds up Lebanese bank for $13k of her own money by JustFinishedBSG on Wednesday September 14, 2022 @09:05AM (#32836592)
> but by math

Crypto is not any more "controlled by math" than french fries are "controlled by chemistry". I hate everything about crypto but this is by far the cringiest talking point; probably because I'm a mathematician.

Re:Woman holds up Lebanese bank for $13k of her own money by NikolaNovak on Wednesday September 14, 2022 @09:20AM (#32836777)
>>money not controlled by violence, but by math

Can you please elaborate? :)

My initial reaction is a massive groan at the seamlessly meaningless platitude, but that's unfair. Maybe you were in a rush, on the phone, and there's a cogent argument that I'd be eager to hear out.

Edit: To elaborate: both "Controlled by violence" and "Controlled by math" I view as summarized and abstracted way beyond point of sheer uselessness; and only used to propagate a particular point of view. That point of view may be accurate or not, I may agree with it or not, but it does not include useful data or conduct a honest discussion. There's a lot of math involved in fiat money from central banks. There's nothing in crypto that may prevent or shield from violence. Individuals certainly earn money/wealth/value in certain way and their storage medium of choice cannot be summarized in such simple ways. And "Controlled by math" is massively misleading - at best, at best, we can say it has some origins in math. But it certainly is not controlled by math - it is ultimately controlled by people and institutions.

Re:Woman holds up Lebanese bank for $13k of her own money by Retric on Wednesday September 14, 2022 @09:04AM (#32836583)
Why would math alone have any actual value?

I personally place the long term value of all current crypto coins at 0$. Risk makes them a poor medium of exchange for the average person, and new investors eventually want to have positive returns on their investments.

Re:Woman holds up Lebanese bank for $13k of her own money by SketchySeaBeast on Wednesday September 14, 2022 @09:51AM (#32837190)
Didn't elementary school teach us those who are good at math are still susceptible to violence?
Re:Woman holds up Lebanese bank for $13k of her own money by SlickNixon on Wednesday September 14, 2022 @11:41AM (#32838749)
> not controlled by violence

You've obviously never fired an automatic weapon in a data center.