Bitcoin philosophical musings and pressures 7 years in [drifted from: txrate, forking, etc]

Juan juan.g71 at
Tue Jul 7 14:57:16 PDT 2015

On Tue, 7 Jul 2015 15:21:50 -0400
grarpamp <grarpamp at> wrote:

> Creating a system in which a Botswanan can give a few bits
> of their impoverished wages to their friend in Mumbai 

	What? Bitcoin exists so that rich people in western countries
	especially the US can become even richer. So far it worked
	pretty well.

	Bitcoin hasn't led to any meaningful political/economic
	change yet, apart from possibly triggering the demise of
	government cash, which would be a complete disaster. Talk about
	'unintended consequences' (unintended?)

	A likely scenario exists in which there wouldn't be any
	independent crypto-currency. There would be fully 'traceable'
	electronic currencies controlled as always by the state and the
	banking mafia. 

> without
> it being gated, permitted, hierarchied, middlemanned, taxed,
> tracked, stolen and feed-upon until pointless... this simply
> doesn't compute for these people. Their school of thought is
> centralization, profit, control and oppression. So of course they
> see txrate ramming up against an artificial wall as perfectly fine,
> it enables and perpetuates their legacy ways.
> Regardless of whichever technical way the various walls are torn down,
> what's important is that they are. And that those who are thinking
> outside the box do, and continue to, take time to school these
> legacy people such that they might someday become enlightened
> and join the ethos.
> Otherwise might as well work for ICBC, JPMC, HSBC, BNP, MUFG
> and your favorite government. Probably not as much fun though.

More information about the cypherpunks mailing list