Why I'm boycotting bitcoins.

[corebob]

It's inherently classist.

#Socialist

Why is it that the commies/socialists try to ruin everything good?

You don't have to be a socialist to worry about macroeconomics.

It seems more relevant to ask if it is possible to be a libertarian on behalf of others, not just yourself

[1714670880]

1714670880

[lm2f]

Sounds like you are the perfect candidate for the ObamaCoin 


All you have to do is sit on you rear all day and collect CoinStamps so you can redeem them for ObamaCoins.

If you are a minority you get additional ObamaCoins!

Good luck! 

Insulting Obama, how predictable. Having a black president must make you right wing libertarian types so fearful. First you create bitcoins when Obama first got inaugurated in 2009, and then another rally happens this spring when he gets inaugurated again, and now yet another rally when obamacare gets passed.

[DeathAndTaxes]

Bitcoin is the Great Equalizer.

The very opposite of what you have presented.   The 6.5 billion other people with no access to bank accounts will, for the first time, be able to hold and transfer money.

This.

Another example is that remittance is generally done by the "unbanked" and poor.  More than $400B is remitted annually and companies like WU on average collect 10% off the top.  That is $40B in wealth transfer from primary poor third world families to rich first world shareholders. Think about that OP, $40B a year spent by the working poor to simply move money and you are boycotting Bitcoin?  

http://remittanceprices.worldbank.org/

Now Bitcoin will never be "fee free" (especially converting local currency to fiat) but imagine years from now a worker in the US uses a Bitcoin ATM to buy BTC for a 2% fee.  He then send then BTC to his family on the other side of the globe for a negligible cost (~$0.05 right per KB right now).  The family uses a local exchanger who converts the BTC to local currency for say another 2% fee.  USD cash to local cash around the world for a 4% in fees vs 10% round trip.  6% saved on $400B is $24B additional wealth kept by working families.  That is just one year.  In a lifetime we are talking about something on the order of $1T and that is just with a 6% savings Bitcoin in time will probably drive costs even lower.  What do you think the poor could do with another $1T collectively?

[vpitcher07]

It's inherently classist.

#Socialist

Why is it that the commies/socialists try to ruin everything good?

You don't have to be a socialist to worry about macroeconomics.

It seems more relevant to ask if it is possible to be a libertarian on behalf of others, not just yourself

Looking at society as a struggle between classes is the definition of socialism/communism. I don't care what your political ideology is, just don't taking my money and make me pay for those who are less fortunate than I am. People should not be forced to pay charity, it should be done voluntarily.

edit : typo

[Melbustus]

White people are 8% of the world population. White males are about half of that. So either prove less than 4% of bitcoin users are white males or admit you're full of BS.

Are you going to boycott everything that's disproportionately used by white males? Or are your knickers specifically in a twist about bitcoin for some reason?

[drrussellshane]

It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.

Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.

I thought your post was funny.

Especially how you called out straight people. Yep. Most bitcoiners are straight people because most people are straight people because Nature somehow doesn't think that it should be too easy for gay people to reproduce.

Now everyone knows you're gay, as well as a communist.


Good luck with your boycott!

{admit it - you just wanted to start a boycott because it has the word "boy" in it.  }

[drrussellshane]

Sounds like you are the perfect candidate for the ObamaCoin 


All you have to do is sit on you rear all day and collect CoinStamps so you can redeem them for ObamaCoins.

If you are a minority you get additional ObamaCoins!

Good luck! 

Insulting Obama, how predictable. Having a black president must make you right wing libertarian types so fearful. First you create bitcoins when Obama first got inaugurated in 2009, and then another rally happens this spring when he gets inaugurated again, and now yet another rally when obamacare gets passed.

You mean half-black? Or biracial? Or mixed? Or mulatto?

Only a racist would refer to him as "black", amirite?

[Akka]

Sounds like you are the perfect candidate for the ObamaCoin  


All you have to do is sit on you rear all day and collect CoinStamps so you can redeem them for ObamaCoins.

If you are a minority you get additional ObamaCoins!

Good luck!  

Insulting Obama, how predictable. Having a black president must make you right wing libertarian types so fearful. First you create bitcoins when Obama first got inaugurated in 2009, and then another rally happens this spring when he gets inaugurated again, and now yet another rally when obamacare gets passed.

Wow, you nailed it! Don't worry we will stop Bitcoin as soon a the US and A have a white president again  

Seriously. Do you even read the stuff you post?

[Barek]

Bitcoin is the Great Equalizer.

The very opposite of what you have presented.   The 6.5 billion other people with no access to bank accounts will, for the first time, be able to hold and transfer money.

For emphasis.

[RoadToHell]

It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

And it's a terrible idea. You spend more on your parents' electricity bill and replacing burnt out GPUs that your parents buy for christmas and birthdays than you actually theoretically make.

Bitcoins are basically just this weird attempt by lolbertarian children to make their own currency and play stock market and dodge taxes.

What's your point?

[AndrewWilliams]

Insulting Obama, how predictable. Having a black president must make you right wing libertarian types so fearful. First you create bitcoins when Obama first got inaugurated in 2009, and then another rally happens this spring when he gets inaugurated again, and now yet another rally when obamacare gets passed.

You ever notice libtards are the most racist of them all? 

Go back to watching CNN, everything is OK.

[Le Happy Merchant]

Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users.

Opinion invalidated.

[AndrewWilliams]

Once you reach the top, there's nowhere left to run. Did you know that Uncle Scrooge had to guard his stash all day, every day? They had to put him on anti-psychotics for his paranoia before his untimely demise. True story

Still guarding it, LOL! 

[safeminer]

somebody is butthurt because they didn't get any bitcoin and now they are over 600$

[rogue13]

It's inherently classist. Only those with access to moderately high levels of technology can spend or receive it. Only those with access to exceedingly high levels of technology can "mine" it. Heterosexual, middle class or higher white males are disproportionally represented in the demographics of bitcoin users. Bitcoin only serves to uphold the current kyriarchal socioeconomic structures by making sure the privileged become more privileged.

So did you boycott cellphones when they first came out? Same reasoning could have been applied to them at the time.  A mobile phone required some serious tech when they first came out and were very expensive. I've sure I could find similar demographics with them too. Did they help the privileged be more efficient with their time and extend their privilege as a result? You bet.

Did cellphones not eventually become accessible to almost anyone?

I'm willing to bet you have a cellphone.

[Pente]

Be sure to get rid of your computer. I am sure that us white rascist people helped develop that too!

Save some money and buy some bitcoins. It isn't to late yet.

I know a young homeless guy that collects cans and bottles. He bought 10 bitcoins about a year ago. Told me that he ate top ramen every night for months just so that he could buy them.

In 5 years, he will have a nice house and you will still be whining about white advantage.

[Mike Christ]

Why are you boycotting Bitcoin then?  Why don't you boycott the people who impede and control trade who prevent these technologies from getting to people who don't have them?  Why do you insist we all go backwards instead?

You're silly and your argument is misdirected.  I'd tell you to go back to grade school, but that's likely the reason you think the way you do now.

[501]

I am boycotting toilet paper. Toilet paper is inherently classist, as you must already have money in order to purchase toilet paper, and people without money cannot obtain toilet paper. I will not be using toilet paper anymore. Next year I also hope to boycott toilets themselves (because you need to already have money to pay to have toilets installed in your house) and just start using holes in my backyard instead.

[AndrewWilliams]

Somewhere, a village is missing their idiot. 

[Akka]

Well, let him boycott it.

Bitcoin is completely voluntary. In contrast to FIAT Currencies nobody forces you to use Bitcoin and hopefully no one ever will.