this post was submitted on 30 Apr 2024
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AI has uses that aren't about covering your tracks or evading law enforcement. Edit: bring on the downvotes, cryptobros.
I definitely understand your view on crypto, and I hate to be an apologist, but here's a view you may not have considered:
I think mainstream society has gotten far too comfortable with the lack of privacy in our everyday lives, and this extends to finance. A company has no business tracking the data about my purchases, let alone selling it. The government doesn't need to know everything I spend money on either.
As with most topics relating to privacy, it's not that I worry about what I have to hide. I worry about your intention with that information. As one example, if I were needing to buy Plan B for an emergency contraceptive, there is a not insignificant portion of our government and the general population that frowns on that, and could paint me as a target in the future if it was known.
I fully agree, I just think the solution is cash. Use cash for normal payments. Buy a house with 20s even. Ok maybe not that, but for groceries or when you would use Venmo yeah do it
I agree cash is the right idea, for now, but can you say for sure cash payment will be possible forever, or even the next 50 years? Wouldn’t it be better to blunder around with new ideas while cash is still a good fallback? Not saying I like crypto, and the cost on resources and the environment sucks bad, but I can at least appreciate them trying something. Now we just need to come up with sustainable options…
I get that cash seems a pretty durable idea, and it’s lasted for hundreds of years, but it did so before the massive societal turn towards technology we’ve made in the last 30 years.