Fedimints are racist. The arguments and references to them for use in the developing world often assume an exotic behavior about these societies that is unsubstantiated. Yes...Fedimints and chaumian mints, as described by countless poverty porn pushers in the bitcoin space, are a type of colonialism. It's the digital equivalent of bringing democracy and womens rights to Afghanistan by America. The reality on the ground does not match the fiction in your head, and it kills more of the women than are saved.
The on the ground reality is 7 of 7 influential community leaders are just as likely to steal from the local people and get away with it through various means and social mechanism, as have "consequences" applied to them. All the quixotic arguments for pushing fuckmints and ecrap on the developing world, i have seen, come from people aware of the economic principals and game theory of Bitcoin, but who also simultaneously make the "other" an exception to them.
"Those other people over there" use money differently. "Those noble savages are closer to the land, more communal, more holistic" implies the wording. The reality is grannies and children hoarding small amounts by wrapping it in their clothing , or sewing it in beds, burrying it in the ground, anything they can do to keep it AWAY from others. You know... like bitcoin was once trying to do.
A type of ignorant colonialism, Fedimints and ecash, as presented don't even work in the developed world, yet will work for the "underdeveloped" for some reason, a reason always alluded to in unfounded social science based on some unique and exotic charachteristic of those societies.
The real life behavior, hoarding and limited sharing of physical CASH by community leaders assumes qualities of Bitcoin that are no longer even popularly sought. Privacy, fungibility, low transaction cost.
Families, tribes, groups, hoard cash FROM eachother and share limited amounts for specific reasons. This behavior can be replicated with Bitcoin using simple wallets, truer digital stand-ins than complicated multisigs and over engineered collateralized trust networks or custodial "banks", Lightning.
The developed world and its voice, having the majority of Bitcoin, now want to, in the style classic sociopathic narcisism, push a watered down and hyper controlled Bitcoin on the poor, while also passing it off as "Freedom" money.
These contradictions will not resolve in their favor.
Cyber Seagull
npub1w7…mwyhg
2023-12-16 23:50:14
in reply to nevent1q…7ryh
Author Public Key
npub1w72nkwnrhncuwjxmmmh3px74dhjgcv8de5nayzfygrp6mj33e96sumwyhgPublished at
2023-12-16 23:50:14Event JSON
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"content": "Fedimints are racist. The arguments and references to them for use in the developing world often assume an exotic behavior about these societies that is unsubstantiated. Yes...Fedimints and chaumian mints, as described by countless poverty porn pushers in the bitcoin space, are a type of colonialism. It's the digital equivalent of bringing democracy and womens rights to Afghanistan by America. The reality on the ground does not match the fiction in your head, and it kills more of the women than are saved.\n\nThe on the ground reality is 7 of 7 influential community leaders are just as likely to steal from the local people and get away with it through various means and social mechanism, as have \"consequences\" applied to them. All the quixotic arguments for pushing fuckmints and ecrap on the developing world, i have seen, come from people aware of the economic principals and game theory of Bitcoin, but who also simultaneously make the \"other\" an exception to them. \n\"Those other people over there\" use money differently. \"Those noble savages are closer to the land, more communal, more holistic\" implies the wording. The reality is grannies and children hoarding small amounts by wrapping it in their clothing , or sewing it in beds, burrying it in the ground, anything they can do to keep it AWAY from others. You know... like bitcoin was once trying to do.\n\nA type of ignorant colonialism, Fedimints and ecash, as presented don't even work in the developed world, yet will work for the \"underdeveloped\" for some reason, a reason always alluded to in unfounded social science based on some unique and exotic charachteristic of those societies. \n\nThe real life behavior, hoarding and limited sharing of physical CASH by community leaders assumes qualities of Bitcoin that are no longer even popularly sought. Privacy, fungibility, low transaction cost.\n\nFamilies, tribes, groups, hoard cash FROM eachother and share limited amounts for specific reasons. This behavior can be replicated with Bitcoin using simple wallets, truer digital stand-ins than complicated multisigs and over engineered collateralized trust networks or custodial \"banks\", Lightning.\n\nThe developed world and its voice, having the majority of Bitcoin, now want to, in the style classic sociopathic narcisism, push a watered down and hyper controlled Bitcoin on the poor, while also passing it off as \"Freedom\" money. \n\nThese contradictions will not resolve in their favor.",
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