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It's time for us in the tech world to speak out about cryptocurrency

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Re: It's time for us in the tech world to speak out about cryptocurrency

#451

Post by itisit »

shkkmo wrote: post #411
ertian wrote: post #308

Earlier quoted context omitted.

Huh? Not in the original article, or in OPs reply, unless I'm seriously misunderstanding him. He's talking about the pros/cons of cryptocurrency.

The twitter thread mostly uses the full term "cryptocurrency", which is not ambigous. Using the term "crypto" to refer to cryptocurrency is amigous and misleading.

> Using the term "crypto" to refer to cryptocurrency is amigous and misleading.

To whom? “Crypto” is the colloquial shorthand for “cryptocurrency”. And I believe those thinking otherwise are reacting to the new usage encroaching on the old. Petty hill to die on…

Re: It's time for us in the tech world to speak out about cryptocurrency

#452

Post by conradfr »

Tomte wrote: post #35
pavlov wrote: post #21

“But it’s like the early Internet!” shouted the Emperor’s coinholders. “The Internet wasn’t yet useful a mere, um, thirteen years after its invention either.” I can see how people in their twenties would fall for this argument because they can’t remember. The reality is that the internet was immediately extremely interesting (either useful or fun) for practically everyone who got access. Email and ftp alone were kill…

> There were things to download, people to meet Same with LAN parties. I was thrilled to buy my first network card, and a tee connector. Even the fact that the first half of the day was mostly wasted with trying to get IPX and NetBEUI to work and TCP and UDP, and promising each other that we would not change anything until the next LAN party, and of course next time nothing worked either at first try. But it was fun…

The joy of discovering hours later why not everybody could "see" everybody on the network: ipx frame type, and different default values, 802.2, 802.3, pick one.

You couldn't Google that. Because there was no Google, and you were stuck in a basement.

Fun and exciting times :)

Re: It's time for us in the tech world to speak out about cryptocurrency

#453

Post by ZephyrBlu »

idlewords wrote: post #268
delaaxe wrote: post #156

Earlier quoted context omitted.

If you really are a refugee and suffered inflation then this should begin to change your mind: https://reddit.com/r/CryptoCurrency/comments/nobj1h/real_mai... Otherwise I don’t know what else to say

If you look at that thread, people are relying on a company called Reserve, that essentially issues its own currency (a 'stablecoin'). This is the part that I don't get—how is it cryptocurrency when you are relying on trusted third parties?

I think their website answers your question: https://reserve.org/protocol

Re: It's time for us in the tech world to speak out about cryptocurrency

#454

Post by eli »

ashtonkem wrote: post #63
idlewords wrote: post #30

Earlier quoted context omitted.

I can't agree with your point hard enough. Really useful nascent technologies all have this pattern—they grow incrementally more interesting and constantly gain applications. Bitcoin followed this pattern for a while. But then at some point it started to regress on that axis. You could no longer buy a pizza with it, you could no longer mine it, and it got too flooded by scammers to use safely. There's nothing to real…

Bitcoin didn’t regress, what actually happened is that its fundamental flaws ended up eventually dominating whatever early enthusiasm allowed them to be ignored. It was never going to work, for a variety of reasons that were incredibly apparent at the time. “Why did it regress” is much less interesting than “why did anyone ever fall for this?”

The extremely messed up incentives make it impossible to even have an honest conversation about it’s merits or issues. If there are any legitimate uses for blockchain (and that’s an if) they’re lost in the noise of 10,000 get rich quick schemes, outright frauds, and bad actors.

Re: It's time for us in the tech world to speak out about cryptocurrency

#456

Post by cbzbc »

fleddr wrote: post #264

I could waste a huge amount of time refuting the author's points, but will make it more of a meta comment. Crypto is vast, complex, and inherently not suitable for binary thinking. I've studied the space for months and have come to the conclusion that crypto is two-sided in almost every aspect. Many/most coins are speculative, which you can associate with words like "greed" and "casino". Yet also provide wealth savin…

> Crypto is vast, complex, and inherently not suitable for binary thinking. I've studied the space for months and have come to the conclusion that crypto is two-sided in almost every aspect

Is this a bit?

Re: It's time for us in the tech world to speak out about cryptocurrency

#457

Post by cryptica »

Cryptocurrency will never go away. The more time passes, the more conviction people have.

As someone who is a loser in both the fiat ecosystem and crypto ecosystem and having experienced some horrors both ecosystems, I prefer crypto ecosystem hands down because it's the most honest and transparent system.

Once you understand how both systems work, it's impossible to pick the fiat system. The fiat system is a pyramid scheme of epic proportions. It's not possible for an ethical person to want to participate in the fiat system once they understand how it works. It is really that bad.

I realize that people will downvote this now, but when crypto prices start doubling every week, they will finally understand what's going on.

When you understand how the monetary system works, this claim is not far fetched at all. It's a certainty.

Re: It's time for us in the tech world to speak out about cryptocurrency

#458

Post by miles »

csande17 wrote: post #447
miles wrote: post #387

Earlier quoted context omitted.

> why do you write your years with a leading zero? I've never seen that before and it has quite a cognitive strain for me. Not OP, but I had the same question and did a few seconds of cursory searching to no avail. But rather than cognitive strain, I found it opened up a much larger vista on the perception of time and our seeming place in it. While I am unlikely to adopt it, perhaps the experience would be even broad…

OP probably got the idea to place a leading zero before the year from the Long Now Foundation: https://en.wikipedia.org/wiki/Long_Now_Foundation

Thank you very much for the pointer!

Re: It's time for us in the tech world to speak out about cryptocurrency

#459

Post by ZephyrBlu »

ttepasse wrote: post #238
dumbfounder wrote: post #71

Earlier quoted context omitted.

I think NFTs will transform the concept of ownership, and take power away from major corporations in the process. This is just one aspect of crypto that I think more than justifies its value. But there is a ton of hype and a ton of bad stuff going on yes, but that will be pushed to the background as it goes more mainstream. All people inside the industry think this is just the beginning and there is a lot of value to…

An NFT is ... a digital receipt that “money” flowed at one moment in time. The referenced digital artwork or something is only referenced by an URI. That is ownership? Seems a very transformed concept to me. My supermarket gives me an NFT in paper form every-time I buy something.

Except the NFT the supermarket gives you isn't cryptographically verified.
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