But also for all other things. Like, a hammer and a gun can both be used to kill a person, but one is a multipurpose tool that can be misused with various success, and the other is a purposefully created one, and if you try to hammer a nail with it, it will be a miserable experience that yields no results.
I can’t get into the heads of it’s creators, I don’t know what they were thinking. However they created a thing that is absolutely abysmal at being “state independent currency”, addresses the wrong problems incorrectly, to the detriment of what needs to be addressed. It’s sluggish, expensive, volatile, inconvenient, and offer zero error-protection or any protection really. For criminal usage those cons are outweigh by the fact that it’s anonymous and is outside of the laws. For running scams you couldn’t create better environment. You can also gamble on it’s volatility. For anything else it’s less then useless.
Whether or not it was created with crimes in mind or not is not even that relevant.
That wouldn’t be necessary anyway. A lot of that history is still on the internet today. You can even go all the way back to when the original creator first introduced it in some old newsgroup/mailing list.
addresses the wrong problems incorrectly, to the detriment of what needs to be addressed
Maybe it wasn’t intended to address the problems that you have in mind? (Care to share?)
zero error-protection
I’m curious what you mean by this. I mean, taken literally, it’s just simply false; there is a non-zero amount of error protection. Are you thinking of like a specific type of error or protection?
For criminal usage those cons are outweigh by the fact that it’s anonymous and is outside of the laws. For running scams you couldn’t create better environment.
It’s very traceable… because of the way that it is (it’s a public ledger). You could absolutely create better environments for nefarious activity. Don’t use Bitcoin if you want privacy.
You can also gamble on it’s volatility.
Yeahhh… Not like it used to be though. It was WILDLY volatile, years ago. I don’t think we’ll see any more people going from middle class to having hundreds of millions of dollars worth of old bitcoin they mined years ago. (Though I’m sure people will still continue to lose plenty when the value spikes then crashes again.)
Whether or not it was created with crimes in mind or not is not even that relevant.
Oh. Maybe I misunderstood your analogy then.
Just to clarify: I don’t even want to defend Bitcoin. I’m not a fan of it, it’s environmentally nasty, and I really don’t know why the Nostr people love it so much (though I’m sure they’ll happily explain if asked). I just prefer information to be accurate. It kinda bums me out how much info on the internet is inaccurate due to people who aren’t an authority on a topic, speaking with authority on the topic. It’s perfectly fine not to know stuff. We were born not knowing stuff.
But also for all other things. Like, a hammer and a gun can both be used to kill a person, but one is a multipurpose tool that can be misused with various success, and the other is a purposefully created one, and if you try to hammer a nail with it, it will be a miserable experience that yields no results.
You think Bitcoin was created specifically for crime?
I can’t get into the heads of it’s creators, I don’t know what they were thinking. However they created a thing that is absolutely abysmal at being “state independent currency”, addresses the wrong problems incorrectly, to the detriment of what needs to be addressed. It’s sluggish, expensive, volatile, inconvenient, and offer zero error-protection or any protection really. For criminal usage those cons are outweigh by the fact that it’s anonymous and is outside of the laws. For running scams you couldn’t create better environment. You can also gamble on it’s volatility. For anything else it’s less then useless.
Whether or not it was created with crimes in mind or not is not even that relevant.
That wouldn’t be necessary anyway. A lot of that history is still on the internet today. You can even go all the way back to when the original creator first introduced it in some old newsgroup/mailing list.
Maybe it wasn’t intended to address the problems that you have in mind? (Care to share?)
I’m curious what you mean by this. I mean, taken literally, it’s just simply false; there is a non-zero amount of error protection. Are you thinking of like a specific type of error or protection?
It’s very traceable… because of the way that it is (it’s a public ledger). You could absolutely create better environments for nefarious activity. Don’t use Bitcoin if you want privacy.
Yeahhh… Not like it used to be though. It was WILDLY volatile, years ago. I don’t think we’ll see any more people going from middle class to having hundreds of millions of dollars worth of old bitcoin they mined years ago. (Though I’m sure people will still continue to lose plenty when the value spikes then crashes again.)
Oh. Maybe I misunderstood your analogy then.
Just to clarify: I don’t even want to defend Bitcoin. I’m not a fan of it, it’s environmentally nasty, and I really don’t know why the Nostr people love it so much (though I’m sure they’ll happily explain if asked). I just prefer information to be accurate. It kinda bums me out how much info on the internet is inaccurate due to people who aren’t an authority on a topic, speaking with authority on the topic. It’s perfectly fine not to know stuff. We were born not knowing stuff.