Dude is all over the place sometimes. The energy consumption and insane transaction fees and public nature of Bitcoin transactions all make it a pretty crap currency. He’s right about that. But then why’d he make Tesla buy so much of it just a few months ago? It’s crazy.
Anyway, no he shouldn’t. Less government and bureaucrat class in cryptocurrency, the better.
>Anyway, no he shouldn’t. Less government and bureaucrat class in cryptocurrency, the better
I don't agree, this is definitely a case where a government by the people, of the people, for the people should step in to stop the wealthy from using their means to abuse people (which Musk is most certainly doing.)
The government is not by the people, of the people, or for the people. Not since the end of the experiment with the Civil War. Any attention they give to something comes with crushing meddling in other parts of the thing you don't want them touching. Cryptocurrency is free game, and people can do and say whatever they want. It's not like Musk has some secret passcode to the backend of Bitcoin, he's a private citizen.
That's the same argument as "social media can censor whomever they want, they're 'private companies'" (they don't make sarcastic quotes big enough for just how not-private Big Tech is.) What you're arguing for an aristocracy where supposedly "private citizens" can do whatever they want using whatever means at their disposal no matter the damage caused because they're "private citizens" AND it's a total abandonment of any concept of a fair and balanced justice system just because parts of the government are corrupt.
In short: black-pilled cuck gtfo
5 comments
3 u/sigilstone17 14 May 2021 17:45
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1 u/sigilstone17 18 May 2021 08:57
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1 u/sigilstone17 18 May 2021 17:38