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Bitcoin Ruby

Ruby On Rails Creator Backpedals About Bitcoin: 'We Need Crypto' (cointelegraph.com) 263

New submitter LZ_Mordan writes: David Heinemeier Hansson, the Ruby on Rails web development framework creator, took to Twitter on Monday to tell his followers that he was no longer a Bitcoin skeptic. "I still can't believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto's fundamental necessity in Western democracies," Hansson wrote. In a blog post titled "I was wrong, we need crypto," the Danish programmer mentioned that he's been skeptical about Bitcoin and the crypto industry in general since the early 2010s.

He noted that some of his biggest arguments against Bitcoin were the cryptocurrency's energy consumption, transaction fees, the lack of real decentralization, supposed fraud involving Tether (USDT) stablecoin and many others. But all these arguments do not provide enough reasons to disregard cryptocurrencies as a tool to support freedom and democracy in situations where countries like Canada impose martial law in response to peaceful protest movements, Hansson argued, stating: "It's clear to me now that I was too hasty to completely dismiss crypto on the basis of all the things wrong with it at the moment. Instead of appreciating the fundamental freedom to transact that it's currently our best shot at protecting."

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Ruby On Rails Creator Backpedals About Bitcoin: 'We Need Crypto'

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  • by kunwon1 ( 795332 ) <dave.j.moore@gmail.com> on Tuesday February 22, 2022 @01:45PM (#62292429) Homepage
    This is some random fool spouting uninformed drivel, are we reading it simply because he created a shitty web framework? Jesus.
    • by Jesus Q. Christ ( 6408050 ) on Tuesday February 22, 2022 @02:05PM (#62292493)

      This is some random fool spouting uninformed drivel, are we reading it simply because he created a shitty web framework?

      Yes.

      Jesus.

      I can't save you this time.

    • by al0ha ( 1262684 ) on Tuesday February 22, 2022 @02:26PM (#62292593) Journal
      How anyone can not see that any country can easily separate you from your crypto holdings by taking down the network is beyond me; talk about separating you from your money in a HUGE way. I'll stick with Swiss Francs, USD, gold etc as alternate currencies. Crypto lol... say hasta la vista to your holdings at any time a government decides to do it.
      • by hey! ( 33014 )

        Not even necessary. Until you can eat crypto, live in it, and drive around town in it, you're going to need physical assets the government can obtain a court order to seize. They don't have to go after your make-believe assets. As soon as you try to convert them into title to some tangible thing they've got you.

      • How would a government "take down the network?" For bitcoin, specifically? There are many nodes operating in many jurisdictions and more nodes can be added easily and at any time. I think a very serious, concerted, multi-national effort would be required.
    • by Tablizer ( 95088 )

      > he created a shitty web framework

      Indeed! RoR violates DRY, YAGNI, and KISS. Perhaps in a big org with heavy divisions of labor, it makes sense. But otherwise is bloat. MS copied it in MS MVC.net, and made it worse. (Granted, I haven't seen the latest versions.)

  • by presidenteloco ( 659168 ) on Tuesday February 22, 2022 @01:50PM (#62292435)
    You had a bunch of low-brow white-supremacist-leaning (you know, red beards and assault-rifles, screaming FreeDUMB!) types trying to hold a pluralist democracy hostage, because they were afraid of a little needle that some of them were convinced had guvmint microchips in it.

    These idiots are the ones prolonging the pandemic with their selfishness, sociopathic tendencies, and stupidity.

    Not sure how empowering them becomes a good cause. Maybe some other cases of rebellion could be justified, but this case does not make a good case for why crypto is needed? To reduce us to anti-intellectual gang-led anarchy? A good path?
    • by GameboyRMH ( 1153867 ) <gameboyrmh.gmail@com> on Tuesday February 22, 2022 @02:13PM (#62292535) Journal

      This. What this guy calls a "peaceful protest" is what would in military jargon be called "laying siege" - this doesn't require violence, just blockading.

      So in short, this asshat got all the technical reasons for opposing cryptocurrency correct, but he now thinks it's more important to be able to evade sanctions, specifically to support fascist/right-wing populist movements. I wonder how he'd feel about the way jihadists can benefit from the same uses, just for starters...

    • by ArchieBunker ( 132337 ) on Tuesday February 22, 2022 @02:18PM (#62292553)

      Wasn't this the same crowd wanting to run over protesters who block streets? Oh no it's different when we do it...

      • by Zuriel ( 1760072 )
        They also tried to trap people in an apartment building and set it on fire, and wanted to take over government and install the organisers as part of a new government, but the people talking about "peaceful protesters" don't want to talk about those things.
    • Very well put. I will add that...

      ...the Danish programmer mentioned...

      ...when a small group of externally funded people start beating their drums about a philosophy that is a danger to themselves and others and who are very likely whipped up by pawns of foreign powers, when they take a couple hundred large trucks and block access to Copenhagen, that is when I suggest you become qualified to comment on our response.

      Peaceful protest is a right. Imposing that protest on other people by any type of force (and creating a blockade is a use of for

    • by MobyDisk ( 75490 )

      I had the same reaction as you did. "Really? A bunch of snowflakes protesting a meaningless issue is the reason we should support crypto?" Then I remembered this quote by Robert Heinlein:

      The trouble with fighting for human freedom is that one spends most of one’s time defending scoundrels. For it is against scoundrels that oppressive laws are first aimed, and oppression must be stopped at the beginning if it is to be stopped at all.

      Perhaps Mr Hansson is sympathizing with the wrong people, but the point is still valid. The argument in favor of crypto is the same as the argument for protecting encryption: they are tools protecting freedom. So while yes, criminals and scoundrels and fools will use those tools, but one day I might be labeled as such

      • "Perhaps Mr Hansson is sympathizing with the wrong people, but the point is still valid."

        No, it is not. His point was that he thinks that all the bad things about crypto currency are outweighed by the good things. But he is fundamentally wrong because it is unsustainable. That is the ultimate argument against anything. Its inefficiency is the reason why it is garbage.

        Every reason people who are not trying to fuck over others wants crypto currency would better be solved by unfucking one's government. And in

      • Comment removed based on user account deletion
    • but doesn't want to say it out loud because he'll get cancelled. And for good reason.

      Buddy of mine got hit up for a job by an old coworker, found out said coworker was anti-vax and immediately blocked him. Not because of any moral outrage, but because if you're dumb enough to fall for anti-vax nonsense you're probably not somebody I want to be recommending for a job.

      I get that these people are victims, but back in my day if you believed something that was contrary to all scientific consensus and lit
    • In the case of this fascist cosplay parade, how did they benefit from Bitcoin? Did they pay in Bitcoin when they took a lunch break at the nearest McD because the Canadian government had banned the use of dollars? Did they fill up at a gas station that takes Bitcoin so the government can't track the movement of their vehicle (that has license plates front and back)? I somehow doubt it.

      Or was it just that the "protesters" were paid to be there by some moneyed interests who wish to remain anonymous, and we're

    • Re: (Score:2, Informative)

      Almost every square inch of the protest was livestreamed for weeks. Clearly you didn't watch any of it because I did and I saw huge numbers of sikhs, immigrants from places like egypt and former USSR countries, a large number of indigenous members of the first nations, and plenty of black canadians. If anything the protests were disproportionately non-white compared to the general population of Canada, which isn't surprising since the protests were overwhelmingly working class people.

      Wanting the government

      • by Kernel Kurtz ( 182424 ) on Tuesday February 22, 2022 @04:20PM (#62293151)

        The pandemic isn't being "prolonged", the pandemic is over. It's BEEN over for a year now.

        As of last week here in my province we still had so many people in hospital that other non-urgent procedures were still be cancelled. Fortunately Omicron has not filled up the ICUs, but it has taken up more of the other hospital beds than any variant so far.

        So if you have been, and still are waiting for cataract removal or a hip replacement, it is not really "over".

    • These idiots are the ones prolonging the pandemic with their selfishness, sociopathic tendencies, and stupidity.

      How are they prolonging the pandemic? Are you saying if they didn't protest then COVID would disappear in the foreseeable future? If anything slowing the progress of the pandemic is what will prolong it.

      If these people want to increase their risk of death by not getting vaccinated then let them. Some of them are violent sure, but just because society performs its violence by proxy through the police doesn't make society any less violent.

      To me the COVID is here to stay, we tried to keep it out here in New Ze

    • by Nugoo ( 1794744 )
      I have to agree; it's not the hill I would choose to die on. As someone who is not at all fond of cryptocurrencies, I found the story from a few weeks ago about the adult entertainment workers getting blackballed by their payment processors to be much more compelling.
  • The execs just want to scam you out of your money.

    • How did Truth Social get dragged into this? [I confess. I did it! But it's been praying on my mind lately...]

      Anyway, I'm certain that Truth Social will gladly take your Bitcoins and any other scam currencies besides.

      The "freedom" explanation only convinces me that Hannson has little to no understanding of what freedom means. "Free speech" is important, but only weakly correlated to freedom in any meaningful way. Proof of concept? I bet one of the quickest ways to get banned on Truth Social will be to use th

  • Reading this post reminds me of that scene in idiocracy where you find out that they are watering plants with sports drinks. We had a problem, plants need water, we have a solution, we replaced water with sports drinks because they were so much better in every way.. why isn't this working? The only difference between Cryptocurrency and a Pyramid scheme is that you have to invest significantly more resources into crypto than calling everyone you know for a pyramid scheme, that and you don't have to sucker yo
  • ..and needs some pumping before he can dump!

    • I was thinking the same thing. Investors in the middle of the pyramid are seeing the scheme go under and are trying to push the bomb on the next suckers before the scheme collapses for good.
  • by thegarbz ( 1787294 ) on Tuesday February 22, 2022 @02:03PM (#62292485)

    Democracy predates bitcoin. Hell it predates the USoffuckingEyh. And democracy will exist long after bitcoin is forgotten and filed under the moronic period of history.

    Questions to aid David in critical thinking:
    Does bitcoin exist now? Yes.
    Did the democratically elected government invoke the Emergencies Act against the Freedom Convoy? Yes.

    Ergo, despite the fact you don't like something (which is incidentally widely unpopular) bitcoin has done fuck all to prevent what you complain about. Your logic is stupid and you should feel stupid.

  • by Cryptimus ( 243846 ) on Tuesday February 22, 2022 @02:10PM (#62292515) Homepage

    Crypto is cryptography. Specifically a suite of algorithm types which implement mathematical transformations on data for the purposes of concealment, authentication and identification. Am I the only one who thinks people referring to crypto-currencies as "crypto" sound like imbeciles? (Although I'm hardly surprised that the guy responsible for the shit-fest that is Ruby on Rails is doing so.)

    Second, we need volatile-value digital currencies like we need a hole in the head. Bitcoin is another tulip and it has no purpose other than to enable money-laundering and allow people with money to bilk cash out of idiots who think "crypto is a great investment." It's not. Crypto has no underlying real-world value, nor does it have a mapping onto something of real world value. Consequently it cannot be used as actual currency instead of speculative currency. Getting paid in crypto is like instant gambling with the value of the payment varying depending upon crypto currency volatility and your ability to swap it for something of ACTUAL value.

    Third, cryptocurrency isn't going to save you from government drones. The idea that it somehow represents freedom is so fundamentally brain-dead I can only conclude it's the product of a third-grade education combined with a diet of conspiracy theories. Cryptocurrency is self-referential zero value nonsense until you can map it onto real-world value. You could argue that people could use it for barter but without a reference value, that system is going to collapse pretty quickly.

    • > Am I the only one who thinks people referring to crypto-currencies as "crypto" sound like imbeciles?

      Yes.

      In fact, moaning about this makes *you* sound like an imbecile.

  • it looks like the crypto crowd has gone beyond movie stars to pitch their wares. How many BTC did they pay you off with David Heinemeier Hansson?

  • .the current implementations just suck. There absolutely is a need to be able to send digital cash to anyone, anywhere, without being told by some bank that they're unhappy with the recipient of your money. The Canada trucker drama was a bad example, due to the partisan issues involved (TFS is basically flamebait). That being said, anyone who has seen the situation with legal pot dispensaries is aware that the traditional banking industry has its faults.

    The problem comes along when people use a legitimat

    • by splutty ( 43475 )

      I would argue the concept of cryptocurrency is completely stupid. The concept of blockchain can be very useful, but not for anything like currency.

      Its limitations are far too many to be adopted as actual currency.

  • DHH has now made the transition to full-crackpot. It's been a trend for a couple years now, evident in things people who've left basecamp have talked about in their moderation policies...
  • by nocoiner ( 7891194 ) on Tuesday February 22, 2022 @02:39PM (#62292639)
    Why else would this guy suddenly "convert" to that cult?
  • by rsilvergun ( 571051 ) on Tuesday February 22, 2022 @02:41PM (#62292653)
    they arrested, rather peacefully, protestors who were blocking traffic. That's what happens when you protest like that. Same thing happened to the BLM protestors (only a *lot* less peacefully, lots of them lost eyes when "nonlethal" rounds were fired at their faces, and there's a dozen or so cops that openly talked about doing that and are facing charges right now).

    And you've already got a decentralized currency. It's called cash. That's as decentralized as it gets. If you think you can have a completely peer to peer currency you don't know what currency manipulation is or why there are laws against it. And you don't understand how market consolidation works. Crypto will inevitably centralize because that's just what complex human/social networks do. We counter that with Democracy and education. Not by coming up with technobabble complexities.

    This is the trouble with programmers, when you're only tool's a hammer every problem's a nail. They desperately want to solve all the world's problems with code.

    It doesn't work that way. You can't code a plumbing and sewer system, and there are just sometimes when you have to get in there and get your hands dirty. Financial markets are one of those times.
    • You have this backwards. BLM and Antifa were allowed to burn entire cities to the ground without any real opposition. Hell when people were targeting churches to try and commit mass murder and burn everyone inside to death Trudeau tweeted his love and sympathy for the terrorists doing it.

      They also weren't peaceful in the slightest. There's overwhelming video evidence of extreme police brutality to the point the cops staged a freaking cavalry charge into a peaceful crowd of people, nearly murdering a disable

    • ...when you're only tool's...

      I doubt this one was intentional, but I agree that the guy is a tool.

  • Tell me you are in favor of funding an insurrection attempt in favor of right wing fascism without telling me you are in favor of funding it.

    Sickening.

    • Sikhs, egyptians, kuwaitis, eastern european immigrants, and indigenous elders from the first nations having bouncy houses and barbecues are not an "insurrection".

      Seizing autocratic power while overthrowing the courts and charter of rights and then saying you want to make those powers permanent is an insurrection.

  • I can't be the only one here.

    I love the ideals of crypto and the possibility of getting out from under the thumb of the government banking system. But Bitcoin BTC sure ain't the way to do it.

    Bitcoin BTC is a government surveillance wet dream. We need a crypto that has real privacy built in and can replace cash.

    I believe that until everyone finally give's up on Bitcoin BTC, crypto will never go anywhere or be adopted.
  • As recorded by Paul McLeod [twitter.com], listening in on a conversation:

    There’s lots of talk of needing money. “None of us know how to use that goddamn bitcoin,” says one guy.

    “I’ve got kids I need some money here. I can’t do this,” says another.

    And that's what cryptocurrencies did for the protests.

  • Seizing the property and funds of those involved and supporting the convoy is legally justified. In Canada, section 83.01 of the Criminal Code defines terrorism as an act committed "in whole or in part for a political, religious or ideological purpose, objective or cause" with the intention of intimidating the public.

    https://laws-lois.justice.gc.c... [justice.gc.ca]

    an act or omission, in or outside Canada, that is committed in whole or in part for a political, religious or ideological purpose, objective or cause, and in whole or in part with the intention of intimidating the public, or a segment of the public, with regard to its security, including its economic security, or compelling a person, a government or a domestic or an international organization to do or to refrain from doing any act, whether the public or the person, government or organization is inside or outside Canada, and that intentionally ... causes a serious risk to the health or safety of the public or any segment of the public, causes substantial property damage, whether to public or private property, if causing such damage is likely to result in the conduct or harm referred to in any of clauses (A) to (C), or causes serious interference with or serious disruption of an essential service, facility or system, whether public or private, other than as a result of advocacy, protest, dissent or stoppage of work that is not intended to result in the conduct or harm referred to in any of clauses (A) to (C),

    When the truckers clogged up the streets of Ottowa for a day, it was a novel protest. Settling in, laying on the horn at all hours, and refusing to move their

  • What good is crypto if you have to declare each and every transaction to the IRS? I call it bullshit
  • So he has a scenario he finds troubling. So does Bitcoin help those on the wrong end of Canadian government action?

    Well, for one, I haven't heard reports about restricting any sort of monetary spend. So there doesn't actually seem to be anything on the financial side of this scenario that is even in theory in need of relief.

    Let's imagine though that it was an authoritarian move that including the spending explicitly. Do folks imagine that the 'bad guys' will stop oppression when you say 'oh, I'm not using

  • People are not buying stuff with Crypto, they are just buying Crypto and holding onto it, then selling it when they think the price has peaked.

    They sell Crypto for a less volatile currency like the USD. While the price is going up, little are going to be stupid to sell their Crypto unless they have to, because they don't want to be the guy who bought the first Pizza with 10,000 bitcoin only 12 years ago.

    For Crypto to be a good source of money, it needs to be steady, where 1 bit coin can buy me something, an

  • This is almost too perfect. You'd think it's a false flag ... like someone waving a Nazi flag at a demonstration ;)

"Nuclear war can ruin your whole compile." -- Karl Lehenbauer

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