Midterm 01 - Concerns of Cypherpunks & Bitcoin Proponents

Original concerns of cyrpherpunk

1. Technology may take the wrong direction

2. Economic freedom and self-determination (specifically related to use and value of fiat currency transactions)

Critics of bitcoin

1. uses too much energy

2. supports illegal activity

3. cannot be used to manage the business cycle

4. no intrinsic value

Bitcoin proponents (part 1)

1. use more green than most, help subsidize green, stabilize grid, other technologies we celebrate use more.

2. no worse than other financial transactions, plus no insider trading/manipulation

Bitcoin proponents (part 2)

3. each managed solution is at the expense of the common citizen.

4. true, just like other monies.