July
@july
Why do some non-crypto folks hate crypto so much? An idea I've been thinking about: Martin Luther circa 1500s come to mind w.r.t. Christianity, specifically Catholicism. We've all been lead to believe that money can only be created and ordained by the Nation State, but in fact, there is perhaps another possibility.
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July
@july
Before Martin Luther, the Catholic Church was the entity that could sanctify / literally owned your relationship with God - they had a monopoly over your relationship; the language Scripture was written in, the tools that were used for worship etc. Then Martin Luther comes along says it doesn't have to be that way
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July
@july
He really starts to show that your personal relationship with God doesn't have to come from the Catholic Church, it is a relationship that can be created independent of the Church, and that it is between you and God. This was remarkable, and honestly a crazy idea at the time. How does this tie into crypto today?
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July
@july
Part of it is that our believe of money, where value comes from, where credit / debit come from, is that it can come only from the Nation State. And this is not wrong, it often has been the case. Money has been minted, backed by armies and violence - the issuance of credit / debit is tied to the State
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July
@july
When Bitcoin was first introduced, it really introduced an idea that Value could, through math and technology be accounted as a MoE, SoV etc as much as fiat could be. The personal relationship you could have with Value that could have those properties were - you could have a personal relationship without the State
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July
@july
kind of a crazy idea, and perhaps,what people don't often like about crypto is that it is a direct attack on their ideology about "what is valuable" on its own. Esp folks that have invested a ton of resources and reap benefits from the system that is built on the ideology that money can only be issued by the state
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John Hoang
@jhoang
Prob just hate new things, but they don’t hate better things, so we should focus on making things better.
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