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Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment (futurism.com)
submitted 8 months ago by to c/worldnews@lemmy.ml
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[–] 4 points 8 months ago (5 children)

You honestly believe power will move away from the banks to you, holding a miniscule fraction of crypto (probably) if you're lucky enough not to have it stolen in a pump and dump? Do you seriously believe that power won't just concentrate somewhere else? That removing economic control won't cause unintended effects?

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  • [–] 2 points 8 months ago (4 children)

    Not at all I've no faith in any of the scams out there right now. But concentrating all of that power into banks under the control of our governments will lead to even worse outcomes. Hopefully some worthy alternatives will arise at some point.

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  • [–] 3 points 8 months ago (3 children)

    Power is distributed by implementing and enforcing effective regulation, not by removing it.

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  • [–] 2 points 8 months ago (2 children)

    We will see how it plays out, obviously the US isn't going to be regulating anything for the better. Anything they have their hands in will be worse, so there's that.

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  • [–] 2 points 8 months ago (1 child)

    I don't have much hope for the US. They seem to believe that anything other than unregulated crony capitalism is communism.

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  • [–] 2 points 8 months ago

    It's all self serving. We are run by greed. The truly great see money as a means to an end, our leaders see money as the end in itself, and it's why they will lose, eventually, as a true leader will unite the people and lay waste to their oligarchy.

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