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Topic: Losing the High Moral Ground - page 4. (Read 2822 times)

donator
Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
sr. member
Activity: 406
Merit: 250
May 28, 2014, 01:46:56 PM
#3
It is a market. There will be good and bad actors in any market. The bad actors get all the attention.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
May 28, 2014, 11:37:56 AM
#2
I hear you bro. Crime and get-rich-quick speculation have certainly changed the mentality here. You used to get some cred for starting a new project. Now you get trolled; and success is only measured in how many BTCs you can convert to fiat. The extreme greed shown here is proof that bitcoin has become money.   
donator
Activity: 1736
Merit: 1010
Let's talk governance, lipstick, and pigs.
May 28, 2014, 11:29:47 AM
#1
Many of us jumped into Bitcoin for ideological reasons that aligned with the Genesis Block message regarding central banks and quantitative easing. Some of us also blame this unrestricted printing as part of a shadow government that plans wars using central banks to fund them. They go to war, blackout the media, then tell us to forget about it and go shopping. Some of us abhor unnecessary violence and want to stop using the product created by these banking cartels. If only we could go back to the days when money was backed by precious metals.  For many, Bitcoin could help create a beautiful society.

But there was a snake in the garden. Silk Road created a black market that allowed criminals to become parasites to the Bitcoin development community. The bad press and negative impact of this crime wave hindered Bitcoin adoption. It wan't until Silk Road was closed down that Bitcoin adoption began to take hold and investment grew.

It is a mark of human nature that new technologies are always weaponized before they are developed for beneficial tools. Metal was forged into swords before plows. Volatile substances were used to make bombs for centuries before generating steam power. Technology scares people. Now we have stealth address technology that will make creating black markets easy. They think that using normal distribution channels is unfair because there are restrictions and costs they feel should not apply to them. They think they are solving a social problem by treating a symptom instead of the organism. They could accomplish the same thing by re-inventing the distribution system rather than weaponizing it. But they are driven by fear. It will take grown-ups to create real tools that provide transparency instead of making it easier for nefarious groups to flourish. They say that if you live long enough you become your own enemy. We are seeing this happening. Let's hope the black hat secret squirrel group doesn't destroy the infant Bitcoin project before it leaves the cradle.

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