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Original concerns of cyrpherpunk
Technology may take the wrong direction
Economic freedom and self-determination (specifically related to use and value of fiat currency transactions)
Critics of bitcoin
uses too much energy
supports illegal activity
cannot be used to manage the business cycle
no intrinsic value
Bitcoin proponents (part 1)
use more green than most, help subsidize green, stabilize grid, other technologies we celebrate use more.
no worse than other financial transactions, plus no insider trading/manipulation
Bitcoin proponents (part 2)
each managed solution is at the expense of the common citizen.
true, just like other monies.
