I have to be honest, barely a day goes by when I'm not frustrated by the completely false narrative being broadcast by basically every public speaker on the topic of Bitcoin:

* Bitcoin is fully traceable and not fungible

* Chainalysis works on bitcoin

Triggering me today 😂 .. was the "What Bitcoin did" podcast on the interesting topic of human rights in authoritarian countries. This narrative in full force there, too.

Is it completely hopeless to get people to understand better? 1/n

Follow

@waxwing I always enjoy your insight into these issues.

You mentioned seeing Mario G. speak recently in another toot, I'm reminded of something he said when I saw him present not too long ago, (to paraphrase): "many people fear and want to restrict 'anonymization', so we often say 'fungibility' instead".

Of course the two are not the same, but they are heavily related. As @FreePietje mentioned, the "I have nothing to hide" crowd do more damage than they may ever realize in this regard.

@htimsxela @FreePietje

Agreed.
Also the people who sneer at "bitcoin is used for money laundering", retorting "that's what USD/banks are for" make my blood boil ... and these are often otherwise intelligent people.

@waxwing @htimsxela

Why does that annoy you?
Tbf, it is something that I could say.
It's not that I think bitcoin isn't/can't be used for illegal activities, but more an annoyance at the moral high ground 'the other side' is taking/claiming.

@FreePietje @htimsxela

If Bitcoin can't be used for what is commonly described as "money laundering" (set aside the philosophical debate about that term; just think of it as 'not state sanctioned value transfer' for these purposes), then it is worthless.

Now, maybe it's only *contingently* incapable of performing this function, because it's too new/small or whatever; but obviously censorship-resistant value transfer is the point.

Failure to perform that function is not a badge of honor.

@FreePietje @htimsxela

A knife being insufficiently sharp to slit someone's throat is not a feature of a knife one should crow about.

@waxwing @htimsxela

I completely agree and I suspect other people who could say that think so too.
So it's not meant as an admission of failure of an essential function of bitcoin/money, but making fun of someone's claimed moral high ground.

(I wanted to rephrase this toot, but as you already responded, I'll leave this one as is)

@FreePietje @waxwing @htimsxela my stance exactly. I am very entertained by the news stories of anti-bitcoin banks (who say bitcoin is evil because money laundering) being busted for money laundering.

Sign in to participate in the conversation
Bitcoin Mastodon

The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!