Don't?
Ask HN: Feel bad about working in crypto, what to do?
321–330 of 345 posts
Re: Ask HN: Feel bad about working in crypto, what to do?
#322Earlier quoted context omitted.
But, isn’t the key distinction that this is an unregulated space, which is heavily manipulated. Crypto investors cannot make proper informed decisions, because they are being mislead or outright lied to, and cheated, at a near constant rate. It’s optional for them to be sure, but they are being tricked.
You put a lot of faith in regulations. Take lottery for instance. It's almost entirely controlled by states in the US and they prey on the most vulnerable. They even have state gambling apps now so there's virtually no restriction when and how much you play. I don't know how much sports gambling is regulated but I doubt its meaningful. Gambling is dangerous because a certain personality cannot control themselves. Wha…
One reason to have state-run lotteries is as a harm reduction tactic to keep organized crime out of it.
Re: Ask HN: Feel bad about working in crypto, what to do?
#323Earlier quoted context omitted.
I’m not sure that I would want people to hold all of that power - there’a a reason that the state has a monopoly on violence in the first place - turns out that having people roam the streets with guns is a less pleasant reality to be in for most people (look at Russia in the 1990s for what that looks like). Not to go all black-mirror, but imagine someone anonymously putting up a $X million dollar bounty on someone’s…
> imagine someone anonymously putting up a $X million dollar bounty on someone’s head, backed by a smart contract promise or something (I know that it can’t be guaranteed at present, but imagine). Or other nefarious things that most of the society considers harmful - and having no way to stop those from happening. With or without crypto, nothing prevents that from happening today. Number one currency for nefarious ac…
> I can take any amount of my dollars in my bank, convert them to a decentralized stablecoin (and I'm not talking shit like UST), fly to another country, and then access those funds locally without anyone telling me what I can and cannot do.
That's like: https://xkcd.com/538/
Are we talking about 2k USDs or meaningful sums like 300k or 10 million? Because banks in many countries (e.g. mine) have outright ban transactions with BTC-related websites (e.g. crypto exchanges) using their accounts... So assuming you find someone who'll be able to verse 1 million USD to your account (can/will coinbase do that? not in theory, in practice... or ask you 15 days to put the money together?), you'll have to convince the bank to accept and hand you the money. Then explain where did these came from. Good luck with that.
Re: Ask HN: Feel bad about working in crypto, what to do?
#324Zoom and Netflix both lost 60-80% of their value in the last year and I don't see anyone declaring them dead. I don't work in crypto but I think there's a bit of a knee jerk reaction to seeing all the vaporware projects being wiped out (rightfully so). Consolidation and pruning of wasteful projects is good. If you feel like the work you're personally doing is positive, then don't worry about people dancing on the gra…
> ETH is still a legitimate technology with real use cases. what would be an example of a real use-case that ETH does well? The core promise of ETH is smart contracts and that code is somehow "law". But that got exposed for the idiotic reasoning that it was and went out of the window when they had to hard-fork in 2017. No matter what they did since then to improve the old pre-2017 ETH nobody can tell me that bugs don…
cross border multi currency accounts and transfers
Re: Ask HN: Feel bad about working in crypto, what to do?
#325Earlier quoted context omitted.
We are getting at least something useful from social networks. Like, actual social networking.
What you dont think safemoon brings you safely to the moon ?
Several years ago I would prefer to wait for some lay people to get safely to the moon and then decide for myself. Currently I think that the only people who will make it to the moon are founders and maybe first couple of layers of their Ponzi pyramid.
Re: Ask HN: Feel bad about working in crypto, what to do?
#326Earlier quoted context omitted.
Yet GP said "selling data", not "collecting data". Google and Facebook collect hordes of data and sell access to insights of it, but not the underlying data itself as that data is far too valuable.
We can play semantics all day, but both companies sell insights and slices of data to ad customers, while acting benevolent and community-focused to their users. The valuable hordes of data you mention have been collected without users actually understanding what or why this is happening. If you only care about getting a good pay from such a job, fine. But that just makes you immoral in my book.
Except the claim was that Facebook and Google can't possibly be privacy conscious as they _SELL_ user data.
Every part of that sentence was wrong, and you are trying to pretend otherwise.
Re: Ask HN: Feel bad about working in crypto, what to do?
#327Earlier quoted context omitted.
> imagine someone anonymously putting up a $X million dollar bounty on someone’s head, backed by a smart contract promise or something (I know that it can’t be guaranteed at present, but imagine). Or other nefarious things that most of the society considers harmful - and having no way to stop those from happening. With or without crypto, nothing prevents that from happening today. Number one currency for nefarious ac…
> I can take any amount of my dollars in my bank, convert them to a decentralized stablecoin (and I'm not talking shit like UST), fly to another country, and then access those funds locally without anyone telling me what I can and cannot do. That's like: https://xkcd.com/538/ Are we talking about 2k USDs or meaningful sums like 300k or 10 million? Because banks in many countries (e.g. mine) have outright ban transact…
If you're carrying cash into a country, it is very easy to lose it at the airport given that they are looking for people carrying a lot of cash and have machines to detect these things.
There are private OTC desks of all sizes, all over the place, if you know where to look.
Re: Ask HN: Feel bad about working in crypto, what to do?
#328Re: Ask HN: Feel bad about working in crypto, what to do?
#329Earlier quoted context omitted.
Quoted post unavailable.
And you sound like a robot, giving the same canned response to others' comments. I suspect, your definition "crypto" is not the same as the definition of OP. Can you elaborate more, why do you think it's a fad? Have you tried to write, deploy or at least use any Ethereum contacts? Do you know how Merkle trees work or at least what are they useful for? How about elliptic curves? I worked on this off-chain technology a…
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