Franck LeroyLuke Dash, one core developers of Bitcoin just got all his Bitcoins stolen.
But let's pretend anyone can safely store their life savings in crypto.
It was stored on a cold wallet.
He lost everything: $3.5 million.
Let 2023 be the final death of this giant scam.
He lost everything: $3.5 million.
Let 2023 be the final death of this giant scam.
bumi@FranckLeroy it was not a cold storage (as keys have been saved somewhere digitally - and thus could be stolen)
and second: how do you know that's true? or maybe just a "boating accident"?
@bumi We don't know.
he would risk the FUD on the project he works on ?
Anyway, if it's true. This proves than even the core devs can't keep it safe. It can't be adopted by the masses.
putting your life saving such an insecure asset in completely nuts.
@FranckLeroy I guess the project does not care. it might feed some people with hashtag CryptoSkeptic in their profiles ;) but actually not more.
using examples of individual errors do not proof anything.
isn't it like saying we can not do digital things because [some super big secure company/institution] was hacked?
and his setup might be insecure but not the asset.
levampyreThe main reason we cannot widely embrace and adopt crypto currency is this: It repeats capitalism as it is based on a philosophy of exploitation. It repeats the tall story of endless growth on limited resources, depleting the planet, destroying its life.
This can't be humanity's way forward.
@levampyre @FranckLeroy bitcoin is the best degrowth strategy that we have in my opinion. the endless growth problem comes from an endless expansive monetary policy. the unit we save and transact in can not endlessly grow while having limited resources on the planet.
50years ago we wrongly chose a different path there which accelerated, and hard to reverse because we all rely on it now and have some interest there.
50years ago we wrongly chose a different path there which accelerated, and hard to reverse because we all rely on it now and have some interest there.
@bumi @levampyre
No.
Crypto currency is a libertarian dream : killing the state in favor of a world ruled by pure market, without taxes / limitations / regulations.
Bitcoin is based on the same rotten values than capitalism : greed, competition, waste.
Most crypto brois are here to get rich, not degrowth.
Any system compatible with capitalism is not revolutionary : it worsens it.
@FranckLeroy @levampyre has nothing to do with killing the state or the state in general. far from it.
taxation is useless when we allow private corporations to cheaply print money. so that must be fixed otherwise the underlaying incentives are wrong.
how we do that is the interesting question.
but like everywhere there are extrem people on that side and on the other side - focussing on those is misleading and misses the point.
@bumi @levampyre Taxation was fine during the 20th century, USA had tax levels up to > 90% for the richests by then.
Since then, we've let billionaires get more and more rich and rule the world. States could split those large companies with anti-trust laws and get them for pay fair taxes.
No technology will solve this. That's a political question.
@FranckLeroy @levampyre yes, because money was not unlimited printed back then. this changed in the ‘71.
They get more and more rich (and thus powerful) by printed money. (Cantillion effect) - if you already got lots of assets(e.g. houses) you get cheap credits (of freshly printed money by the bank)
assets (owned by the wealthy ones) always appreciate in value first by increased money supply.
yes, technology is never a sole solution.
@FranckLeroy @levampyre but with your choice of words and insults here we can not talk. unproductive, emotional insults.
@bumi @levampyre Indeed, soory about that, I'll try to behave.
@FranckLeroy @bumi I'm totally with you there, Frank. I just have to take a look at the crypto bros to know, this is not the society I want to live in. These are not my values.