Oct 30, 2026, 8:05 AMhave you noticed whenever there is a billion dollar hack of crypto, everything just keeps working?
nothing is disrupted, because it’s not useful for anything.
- Oct 30, 2026, 8:05 AM
Replies
rico beckerricobeck@mastodon.socialOct 30, 2026, 8:13 AM@hbons I find it always funny that the “we don’t need any authority” guys are calling for the authorities to help them.
Oct 30, 2026, 8:27 AM@hbons i originally thought that cryptocurrency might get its use in reducing the power of authoritarian governments or moralistic payment processors
sadly, as it often turns out, if you set up a libertarian movement primarily around economic concerns, it becomes ridiculously easy for the authoritarians or the oligarchs to buy you off
like, as a left-liberal i can respect libertarians who actually stand by the "liberty" part of their principles (it is worth noting that "libertarian" was originally a label that included anarchists, and in languages like #esperanto, the equivalent term is still "liberecano" ("one aligned with liberty")), but in most cases i find that they sell out the moment they get any morsel of power
Oct 30, 2026, 1:09 PM
Matthew Mametmsmamet@mastodon.socialOct 30, 2026, 9:23 AM@hbons When a card processor goes down, shops stop taking payments and people notice within the hour. A billion dollars leaves an exchange and the only people who notice are the ones who kept coins there.
Patryspatrys@mastodon.onlineOct 30, 2026, 9:33 AM@hbons “BREAKING: Widespread outage following a crypto hack prevents politicians from accepting bribes for 20 hours and ticking”
Earthshineearthshine@masto.hackers.townOct 30, 2026, 12:48 PM@hbons a bunch of really terrible people might jump out of windows though. Could be a net positive.
Daniëldanieldk@mastodon.socialOct 30, 2026, 1:29 PM@hbons It's very useful for transferring money to your corrupt politician/wannabe dictator.
Oct 31, 2026, 3:25 AM@hbons and it should stay that way.