Ben McKenzie
π€ SpeakerAppearances Over Time
Podcast Appearances
It's never been that important to it.
Like, I really don't think that's honest, if you look at the history.
And let me give you maybe even a more sort of morally compelling argument.
I was listening to.
So what crypto can do is it can send something of value instantaneously anywhere in the world and avoid the regulated system, including the banks.
And so I was hearing the story of a woman in Afghanistan who cannot get banking under the Taliban because she's a woman.
And so she's running a business and she's paying her employees in crypto.
I don't personally know this person, so this was secondhand, but I have heard similar stories.
So we can all agree that's a good thing.
We like that.
Later we can critique, are those arguments true?
And if Bitcoin's so volatile that it's not stable, so does it actually work that way?
But in premise.
And so when I say crypto can only be used for speculation, which really is gambling, because you're not really speculating on an asset of any value, in my opinion.
It's just lines of code.
Speculation, gambling, and crime.
When I say crime, I mean that literally in the sense that technically, although we morally agree with this woman in Afghanistan, she is violating her country's laws.
We just don't like those laws because we're in another country.
Right.
But to accept that that is good, we also have to accept the bad.