Cynicus Rex @ CynicusRex @slrpnk.net

🌐 [https://www.cynicusrex.com](https://www.cynicusrex.com)

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Joined

11 mo. ago

“Responsible” and “Bitcoin” is an oxymoron due to the inherent multi-level marketing pyramid/Ponzi scheme aspect of crypto“currencies”.

First, you’re removing the next two words “financial diversification” from the statement. Your own personal opinions and emotions aside, financial diversification is not a bad idea. It’s all about percentages and risk calculations. I would agree with you if they went “all in” on crypto, but they didn’t say that.

Gambling or buying into a pyramid scheme doesn't belong to the category of financial diversification, let alone responsible financial diversification. Responsible financial diversification is investing in skills, property, purchasing cooperatives, official/institutional crowdfunding projects with sustainability in mind—not purely profit, ethical index funds, et cetera.

Second, you’re lumping in bad people with good tech that has solved a very specific problem - the ability to transfer funds without relying on a central bank or authority. Is email bad because the majority is spam? No. Is the internet bad because the dark web exists and thousands if not millions of crimes are being carried out on it? No. Are encrypted messengers bad because they allow criminals to send message? No. Same concept here. There can exist a good technology that gets abused by bad people.

All whataboutism fallacies. Crypto“currencies” incentivize greed. Not so for email, the Internet, messengers, et cetera. The only legitimate usecase for these alternative currencies is financing whistleblowers, journalists, individuals who have to break unethical laws and are therefore disconnected from the banking system.

“Money corrupts; bitcoin corrupts absolutely.

You can stop at “money corrupts”. bitcoin is money and money corrupts.

Bitcoin more so because of its multi-level marketing / pyramid scheme aspect. When one buys USD or EUR one doesn't try convincing their peers to buy it too so their own wealth goes up.

Disregarding all of bitcoin’s shortcomings, a financial instrument that brings out the worst in people—greed—won’t change the world for the better.”

Disregarding all of the U.S. Dollar’s shortcomings[1], a financial instrument that brings out the worst in people—greed—won’t change the world for the better.”

Fixed it for you.

[1] The US spent 877 BILLION dollars on its defense budget (as much as the next 10 countries combined!) to ensure the USD keeps its power.

Whataboutism fallacy again.

”Do you disagree with their reason?

Responsible financial diversification requires holding some assets outside of the traditional government controlled banking system.

They didn’t say they were going all in. They aren’t continuously promoting - at least not that I’m aware. They were just being open and honest about how they’re handling their finances.”

I absolutely disagree.

1. “Responsible” and “Bitcoin” is an oxymoron due to the inherent multi-level marketing pyramid/Ponzi scheme aspect of crypto“currencies”.
2. “Money corrupts; bitcoin corrupts absolutely.
   Disregarding all of bitcoin's shortcomings, a financial instrument that brings out the worst in people—greed—won't change the world for the better.” —https://www.cynicusrex.com/file/cryptocultscience.html

Update: I replaced all my comments using https://github.com/j0be/PowerDeleteSuite.

I just mass-edited my Reddit account with https://github.com/j0be/PowerDeleteSuite. Powerful features and free.

I dropped all their services as soon as Proton promoted crypto"currencies", i.e., multi-level marketing pyramid schemes.
Haven't tried Keybase yet.

What would happen if people deserted Google products in droves?

Mail:

• Vivaldi mail
• Android client: K-9 Mail
• Desktop client: Betterbird

Cloud:

• Mega [referral URL]

Maps:

• Organic Maps

Meet:

• Matrix

Calendar:

• Vivaldi calendar, syncable with a myriad of clients.

Here's an exhaustive list of Mostly excellent “free” software that I use.

Please also consider supporting the myriad of developers who offer their superior products for free, open source, without ads.

“What if I paid for all my free software?
I've always felt guilty by taking for granted the rare breed of virtuous humans that provide free excellent software without relying on advertising. Let's change that and pay, how much would I “lose” anyway?” —https://www.cynicusrex.com/file/takemymoney.html

“«Sorry Luke. I'm just doing my job. You gotta appreciate that.»
«Nah. Calling it your job don't make it right, boss.»” —Cool Hand Luke (1967)

If someone evades billions in taxes but one day donates 50 dollars it doesn't absolve their wrongdoings whatsoever. This is just an attempt at trying to improve their image.