[Arm-netbook] Urgent statement on Cryptocurrency ethics

[Hrvoje Lasic]

I completely disagree. You are mixing block chain and cryptocurrencies.

Also, I disagree on second point. We still have ` power at the hands of
central banks, corrupt governments, expensive and flawed judicial systems,
overcharging and underpayment by unethical insurance companies` *This is my
main point, there is no actual business processes implemented.* Now this is
all on speculation basis because it is `great technology`. Now is more
about greed then something that can be good for all of us.

Not too mention very inefficient process for exchange that spend way too
much energy, just the opposite what main idea was. Paying with cryptos
looks expensive right now. Then fraud practices, literally taking your
money etc, criminal practices etc. These are all valid problems.

I think we all agree that blockchain is really good technology but it
should not be about speculation. Also, I am a bit skeptical about how we
are to avoid third parties completely. Wherever there are humans there
could be disputes, frauds etc. Then again you need some kind of regulation.

On 22 March 2018 at 05:10, Luke Kenneth Casson Leighton <lkcl at lkcl.net>
wrote:

> On Wed, Mar 21, 2018 at 9:16 PM, Hrvoje Lasic <lasich at gmail.com> wrote:
>
> > ask yourself simple question: If all cryptocurencies are gone tomorrow,
> > what would you miss?
>
> crypto-currencies are literally the first time in human history where
> contracts can be made and honoured between one or more parties in an
> atomic fashion *WITHOUT* third party intervention or arbitration.
>
> what would be missed?  we would return to centralisation and abuse of
> power at the hands of central banks, corrupt governments, expensive
> and flawed judicial systems, overcharging and underpayment by
> unethical insurance companies - the list goes on and on.
>
> crypto-currencies are right now in their infancy.
>
> l.
>
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