Make a Judgment Based on Values and Worth
Posted: Sat Jul 12, 2025 7:10 am
I’m pleased to see the discussion. Cryptocurrencies are in many ways a practical protest against the power and control of traditional banks and government control. If the aim is to disrupt and displace, it’s important to compare the impacts of the two industries.
There’s much to critique in traditional banking. Quite apart from the ecological costs of day-to-day business, fossil fuel divestment has been a critical strategy of the climate movement, whether at the university endowment level or the personal ask to stop using Wells Fargo in response to their financial involvement in the Dakota Access Pipeline. People argue from phone number database both ecological and justice perspectives that disruption of traditional banking is a net positive. Others accept the ecological cost of decentralized finance tech as worthwhile, even if only for the trust and security of a chain of provenance.
When we create something new, we hope to make a meaningful improvement. We hope at worst that the cost of our prototype yields something worthwhile: an important learning. It should encapsulate a way of thinking that is different, in some critical way, from what exists. I remain attracted to the decentralized web space because I see so many people in it who are both thoughtful and taking action. People are reading books about power, about money, about justice, and making new protocols — both technical and human — that seem like they could fundamentally change the way our world works, and the way we work together within it.
There’s much to critique in traditional banking. Quite apart from the ecological costs of day-to-day business, fossil fuel divestment has been a critical strategy of the climate movement, whether at the university endowment level or the personal ask to stop using Wells Fargo in response to their financial involvement in the Dakota Access Pipeline. People argue from phone number database both ecological and justice perspectives that disruption of traditional banking is a net positive. Others accept the ecological cost of decentralized finance tech as worthwhile, even if only for the trust and security of a chain of provenance.
When we create something new, we hope to make a meaningful improvement. We hope at worst that the cost of our prototype yields something worthwhile: an important learning. It should encapsulate a way of thinking that is different, in some critical way, from what exists. I remain attracted to the decentralized web space because I see so many people in it who are both thoughtful and taking action. People are reading books about power, about money, about justice, and making new protocols — both technical and human — that seem like they could fundamentally change the way our world works, and the way we work together within it.