Reporter at Drop Site News, co-host at Breaking Points/Counter Points

Can you share your philosophical objections? The energy/speculation one is more of a technical objection.

The philosophical objection is also sorted of rooted in history. In the 18th and 19th century US banks created a different kind of cryptocurrency and we had countless versions circulating. Lots of opportunity for speculation and arbitrage and it avoided regulation by the Crown and then by the federal government and the result was some people got rich but most people got ruined in scams, bubble pops, etc. it was a disaster and I don’t see how this won’t also be one

The philosophical objection is also sorted of rooted in history. In the 18th and 19th century US banks created a different kind of cryptocurrency and we had countless versions circulating. Lots of opportunity for speculation and arbitrage and it avoided regulation by the Crown and then by the federal government and the result was some people got rich but most people got ruined in scams, bubble pops, etc. it was a disaster and I don’t see how this won’t also be one https://daily.jstor.org/banks-own-private-currencies-in-19th-century-america/

Don’t you think that everyone should have access to a permissionless financial rail and have the freedom to transact?

That’s a big part of what crypto enables and I think philosophically this is a part that has resonated with me 

You mentioned you’ve sent money to people in Afghanistan with crypto. I imagine it would’ve been very difficult to do without crypto.

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