ST Alpha - "Nothing's gonna change until Eastern Europeans have real money again, which means not until Ukraine is settled. " (Reading a Post)

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In response to "hmm, I was super wrong about my BTC prediction for june. " by Beryllium

Nothing's gonna change until Eastern Europeans have real money again, which means not until Ukraine is settled.

Posted by David (aka David) Jul 4 '22, 17:15

The crypto market depends on Eastern European/African/Asian economies, almost all of which are flagging.

Responses:

with a bit of luck maybe it'll die forever. -- nm - mafic Jul 4, 17:35 12
- 🤞🏼🤞🏼 -- nm - Krusty Jul 4, 17:40
- It's the future of banking. -- nm - David Jul 4, 17:38 10
  - What banking evils does it solve? What problems with currency, in general, does it solve? -- nm - TWuG Jul 4, 18:31 1
    - 1) All of them 2) All of them - David Jul 4, 19:08 1
  - it's an active force for evil in the world. -- nm - mafic Jul 4, 17:56 7
    - That's banking for you. -- nm - David Jul 4, 17:58 6
      - except it's orders of magnitude worse than any current bank. -- nm - mafic Jul 4, 17:59 5
        
        It's absolutely not. We're just indoctrinated into the modern banking system's evils. - David Jul 4, 18:01 4
        
        And you think an unaccountable, unregulated technological construct with a direct correlation to energy consumption solves for this…how? -- nm* - znufrii Jul 4, 18:47 3
        
        And you think it wasn't the wild west when the current banking system started? -- nm - David Jul 4, 19:04 2
        
        So we only need to wait another, what, hundred years for a workable regulatory framework to emerge to fix all of crypto’s inherent flaws? -- nm - znufrii Jul 4, 19:25 1
        
        I know you're being intentionally glib and reductive, but in the greater scheme, 100 years is nothing. - David Jul 4, 20:56

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