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Cryptographers Urge People to Abandon IOTA After Leaked Emails

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Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#61

Earlier quoted context omitted.

> This conflict over IOTA has been unfolding for a long time and the guys on that subreddit defend it fanatically, accusing DCI of "FUD"ing IOTA It's not just IOTA. It's more or less any of the top 10 / 20 (by MarketCap) Crypto-currencies on the respective sub-reddits. It's especially bad on r/Ripple where anything critical of Ripple / XRP is instantly deleted by the mods in the name of F.U.D (Fear, Uncertainity, Dou…

There may be people in on it, but I wouldn't be surprised if it's overwhelmingly just people defending their position. I've seen the exact behaviour I see at r/cryptocurrency in video games. No Man's Sky pre and post launch was exactly the same. Sensible people casting doubt on what it is you actually do with the game, being shouted down by those who are convinced it's going to be the greatest thing ever. Then lots o…

People who have bought into something will become more entrenched in their views because doing otherwise will cause a "loss of face." It's understandable really, nobody wants to admit to being duped.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#62
post #6

As an aside, is there anyone else extremely disappointed with the quality of discussion over at /r/cryptocurrency? This conflict over IOTA has been unfolding for a long time and the guys on that subreddit defend it fanatically, accusing DCI of "FUD"ing IOTA. I am not sure if the subscriber base is technically illiterate or users that hold a given coin have a strong incentive to dismiss any criticism. As someone fasci…

> This conflict over IOTA has been unfolding for a long time and the guys on that subreddit defend it fanatically, accusing DCI of "FUD"ing IOTA It's not just IOTA. It's more or less any of the top 10 / 20 (by MarketCap) Crypto-currencies on the respective sub-reddits. It's especially bad on r/Ripple where anything critical of Ripple / XRP is instantly deleted by the mods in the name of F.U.D (Fear, Uncertainity, Dou…

Do you (or anyone here) have any recommendations regarding subreddits for technical discussions regarding blockchain/cryptocurrency tech? I've seen /r/CryptoTechnology recommended in the past, but I haven't seen too much interesting discussions there yet.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#63

The crypto space to me is really frustrating. I've seen friends become something very close to scammers, I can't have interesting technical discussions about the topic without being called doomsayer and even when I pitch an idea what to use the Blockchain for, all I get is:"let's do an ICO and raise a shitton of money!" although that doesn't really make sense towards what I'm proposing. I feel like the nerd in class…

What's going on right now with Bitcoin is the biggest wealth transfer in human history. I believe as Bitcoin is getting more valuable, the scams will just scale linearly, so this is just the start. The wealth transfer takes about 5-10 years more, and then it will be over, I think until then it's better not to argue with people who want to scam others.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#64
post #6

As an aside, is there anyone else extremely disappointed with the quality of discussion over at /r/cryptocurrency? This conflict over IOTA has been unfolding for a long time and the guys on that subreddit defend it fanatically, accusing DCI of "FUD"ing IOTA. I am not sure if the subscriber base is technically illiterate or users that hold a given coin have a strong incentive to dismiss any criticism. As someone fasci…

I think that if half of their ideas could actually work and be secure, it would be a good thing. If IOTA was a real thing for example I would happily be apart of that community. Unfortunately it's a total waste of time. I remember avoiding IOTA early on due to the arrogance of the founders, I really didn't like their tune. I know most of Hackernews hates Ethereum, but I really like Ethereum and their ideals, although…

Even though I'm also more of a cryptocurrency-skeptic (though mostly in regards to their utility vs. the environmental cost of proof-of-work), one thing I appreciate about Ethereum is that its design decisions and the building blocks of the system seem to be well-documented on their Wiki and have at least some academic rigor to them. This already differentiates them from stuff like IOTA.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#65
post #41
post #19

Earlier quoted context omitted.

Humans can be kind of money motivated. Such is life. For me one of the interesting things with crypto is whether you can use that for something positive in society.

...the greatest conqueror in history, a conqueror possessed of extreme tolerance and adaptability, thereby turning people into ardent disciples. This conqueror is money. from Sapiens: https://books.google.com/books/about/Sapiens.html?id=FmyBAwA...

+1

Definitely in my top ten list. The text is life-changing.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#66
post #61

Earlier quoted context omitted.

There may be people in on it, but I wouldn't be surprised if it's overwhelmingly just people defending their position. I've seen the exact behaviour I see at r/cryptocurrency in video games. No Man's Sky pre and post launch was exactly the same. Sensible people casting doubt on what it is you actually do with the game, being shouted down by those who are convinced it's going to be the greatest thing ever. Then lots o…

People who have bought into something will become more entrenched in their views because doing otherwise will cause a "loss of face." It's understandable really, nobody wants to admit to being duped.

The desire to remain consistent with one's previously established positions is one of the great psychological motivators:

https://www.amazon.com/Influence-Psychology-Persuasion-Busin...

People will often act against their own best interests to do so.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#67
post #28

Earlier quoted context omitted.

Mentioning the "free market" in any other context than a joke will make most people not take your post seriously.

I assume only die hard leftists like you downvoted my comment despite me writing: > Smart regulators can help free market to get rid of dishonest projects. I gave you one unrelated example of total stupidity of regulators - H1B visa. Instead of high salary requirement, it has bachelor degree requirement. Having bachelor degree tells absolutely nothing about qualification of employee. In fact, there are shitload of ba…

If you want examples of where the free market you can look at any of the tragedy of the commons. In these situations, government helps. There is an endless list of the stupidity of the free market.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#68

Earlier quoted context omitted.

I assume only die hard leftists like you downvoted my comment despite me writing: > Smart regulators can help free market to get rid of dishonest projects. I gave you one unrelated example of total stupidity of regulators - H1B visa. Instead of high salary requirement, it has bachelor degree requirement. Having bachelor degree tells absolutely nothing about qualification of employee. In fact, there are shitload of ba…

If you want examples of where the free market you can look at any of the tragedy of the commons. In these situations, government helps. There is an endless list of the stupidity of the free market.

Tragedy of commons perfectly applied to communism and socialism where shared resources are overused. Free market is quite opposite to tragedy of commons since it's based on private property, not on shared resources.

Re: Cryptographers Urge People to Abandon IOTA After Leaked Emails

#69

Earlier quoted context omitted.

There may be people in on it, but I wouldn't be surprised if it's overwhelmingly just people defending their position. I've seen the exact behaviour I see at r/cryptocurrency in video games. No Man's Sky pre and post launch was exactly the same. Sensible people casting doubt on what it is you actually do with the game, being shouted down by those who are convinced it's going to be the greatest thing ever. Then lots o…

Same with Trump? South Park recently had an episode titled "Doubling Down", which I find a good descriptor for this behavior.

Same with “the Russians stole muh election”?
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