Follow

You think bitcoin is cool because you can exchange it for fiat? Take a step back and look at the bigger picture.

Bitcoin is cool because it will eventually pressure the world’s governments to adapt decentralized, distributed-consensus governance models.

@shainekennedy
In 2013, I sent .2 bitcoin to a stranger I'd read about on Motherboard and she lifted her village out of poverty in Botswana. In 2016, I sent .008 btc to a bitcoiner delayed at an airport with her baby and with a maxed-out card and no cash.
In 2018, I was able to rent a home despite The State seizing my bank & trading accounts.

Bitcoin is enabling me to do EXACTLY what I always wanted to be able to do with money.

@BitcoinBelle @shainekennedy I was handing out $1 ChangeTips on Reddit during 400-500ish mark 😂

@BitcoinBelle @shainekennedy Not what you always wanted to be able to do with money.

It's what you should always be able to do with money.

@duudl3 @shainekennedy Hahahaha I am a Kantian Deontologist. I want what ought to be. ;)

@BitcoinBelle Stoked to hear of the good things you were able to do with bitcoin. This segues nicely into a topic that I’ve wanted to discuss for a while now.

I want to start a discussion on how bitcoin will affect society as a whole once it’s more widely adopted. In what ways do you believe bitcoin will change society (either for good or bad)? Specific examples would be helpful.

@shainekennedy Quite honestly, I think that looking at some of Nick Szabo's writings about money and the evolution of fiat would be a good place to start. I will say, and tomatoes may be thrown at me for this, that unlike Andreas's claim that bitcoin is trustless, I am more inclined to say that it is permissionless. The trajectory from those two points if extrapolated are pretty interesting.

@BitcoinBelle Care to elaborate more on why you believe it is more permissionless than trustless? I’m genuinely curious.

@shainekennedy Quick & dirty.
Permissionless because the holding of btc does not require 2 forms of govt ID, a SSN, an explanation of how it was acquired, and the exchange of it does not require an authority outside of the 2 parties. Trust is required. Every fucking time I hit "send" I am trusting there has been no MITM attack, person is who they say & infrastructure is being maintained to name a few. I realize those aren't "technical" issues but Andreas's audience isn't tech-savvy, but normies.

@BitcoinBelle Ah, I see. Thanks for elaborating, that makes sense to me. I am definitely more paranoid about bitcoin transactions than I am about exchanging fiat with a random merchant; there is a gigantic “trust” component there.

@shainekennedy @BitcoinBelle There will be a massive return of medieval guilds where gifted children will be sent to master their crafts. Only the most exceptional craftsmen will convince Bitcoiners to part with their hard money.

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!