Comment on From millions of dollars to under a grand: The dramatic fall of the NFT

• shortwavesurfer@lemmy.zip ⁨1⁩ ⁨day⁩ ago

  In case anybody sees this and doesn’t know the context, this is the note that was published in the Genesis block of the Bitcoin blockchain, Satoshi wanted to engrave forever the fact that at this time the chancellor was on the brink of second bailout for banks. It was a call-out against the fiat system, and it’s one of the best call-outs in history. and will be there forever more.

  If you happen to have an original copy of this newspaper, it is a genuine artifact, and you can make absolute tons of money on it. No bullshit.

  Based on this headline and the fact that Satoshi mentioned digital cash in the white paper as much as he did, you can clearly tell that he was frustrated with the fiat system and all the excesses that came with it and wanted to create a whole different system that was out of the hands of governments and corporations. He came close to succeeding but didn’t quite finish the job because he couldn’t figure out a way to add privacy into his ledger, which makes the entire thing completely transparent to law enforcement and government crooks.

  However, on April 13th, 2014, the final puzzle piece was added with the launch of Monero, which has a fully private blockchain that does not have sender, receiver, or amounts being shown.

  If you ever happen to read this comment, Satoshi, thank you for your great work. We will be forever in debt to you.

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  • phutatorius@lemmy.zip ⁨16⁩ ⁨hours⁩ ago

    The fact that there is corruption in the financial system doesn’t automatically mean that every other system is honest.

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    • shortwavesurfer@lemmy.zip ⁨12⁩ ⁨hours⁩ ago

      Oh, for sure. I saw another video somewhere yesterday that said you needed like seven pillars for a decentralized society. Decentralized communication, food, contracts, law, physical manufacturing, energy, and money. While I agree with that list, I think that an eighth one should be added, and that would be education. You might be able to fit education under communication, but I feel as though it doesn’t properly fit there.

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    • explodicle@sh.itjust.works ⁨11⁩ ⁨hours⁩ ago

      What do you mean by honest in this context? Both Bitcoin and Monero prevent bailouts, they’re FOSS, and they’ve been working smoothly for years.

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