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100 sats \ 4 replies \ @kepford OP 4h \ parent \ on: Are we (in the US) in a low trust society or just transitioning from high trust? bitcoin
You are correct. I am describing what I have observed living my life in the US. Dealing with people much older than myself and also growing up around people from lower trust societies.
Examples.
Anyone from a former Soviet state has always been less trusting in my experience. People from India as well. Many from South America.
As @DarthCoin says Americans seem foolish and to older Americans people with low trust in other people seem cynical.
I was not specifically referring to trust in the state or institutions but that trust has errorded as well. I wasn't making a value judgement on either of these. I think I understand why both occur.
As Darth points out trust between individuals is easier and in small communities you see higher trust than in large cities.
I think Bitcoin is a tool and it works in both cultures but it's vital in low trust societies and especially in a connected world we have today.
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74 sats \ 3 replies \ @DarthCoin 4h
Bitcoin is exactly that thing that was lost during centuries of controlled money domination and now it could bring back that "glue" that create a trust between individual trades. It cannot be faked like many other form of money. And exactly that is what world needs right now.
But as I said, without people that are waking up and step out from the old system, bitcoin is totally useless. No matter how much we want to trade using bitcoin, but we still go back to old system, we will not gonna make it, we will stagnate in the same cage.
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50 sats \ 0 replies \ @optimism 3h
without people that are waking up and step out from the old system, bitcoin is totally useless
If it is not used for trade then it is unused. And if it's only financialized then it's still unused. Finance serves nothing if there is no trade that it finances.
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0 sats \ 0 replies \ @Solomonsatoshi 2h
And yet you @DarthCoin do not enable Bitcoin LN payments on your SN account. You deliberately BOYCOTT BTC p2p MoE here on SNs. @DarthCoin is a blatant arsemilking hypocrit. Boycott @DarthCoin until he re enables his SNs BTC MoE wallet.
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0 sats \ 0 replies \ @kepford OP 3h
Yeah, the problems and solutions come from people. People make tools that can help or hurt. Sometimes the tool can do both. Bitcoin is amoral. But it's honest and doesn't REQUIRE trust.
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