981–990 of 1001 posts
It's a not ponzi scheme, Elon Musk isn't 'in on it', and Bitcoin is too free to fail.
If you don't like it, GTFO?
Earlier quoted context omitted.
It's flagged because it's flame baiting. It's posting opinions and acting like it's representing the "tech world". This is just some unknown twitter account
I mean he is not famous but not quite unknown. Here for example is The Economist on his bookmarking site: >>> Mr Cegłowski runs Pinboard, a paid social-bookmarking service which allows subscribers to store web links with annotations and share them with others. In broad terms, it is similar to Delicious, which Yahoo! acquired in 2005. https://www.economist.com/babbage/2011/04/04/stick-a-pin-in-... But yes, this is a c…
“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…
Earlier quoted context omitted.
Look to the Steam Community Market & Trading if you want an example of a cross-game economy.
And how does it interoperate with the virtual artwork NFT ecosystem that is burgeoning right now? Can I use a song I purchased on Audius to play in my virtual pad on Decentraland while showing off some art work that I purchased on OpenSea?
Earlier quoted context omitted.
Smart contracts seem legitimately useful. Am I missing something here?
can you give some examples of them being legitimately useful and advantageous compared to the existing financial infrastructure? haven’t seen anything where it’s actually needed or better. and basically all examples end up with some sort of trust needed at some point. such as gambling on the outcome of a sports game. it would still require a dependency on some sort of Api to provide the sports results and then you’re…
Futures contracts so they can easily sell their products at a good price regardless of market fluctuations, transfers the risk to the investors.
Smart contracts are still in super early days, the first foundational building blocks are being laid. Soon many more things will be possible.
“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…
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…
Who is "locked out" of the traditional system? The stock market seems easier to get into than ever. I always hear this as a dig of the existing structures but its starting to sound just like the other pro-crypto memes out there. Edit: No refutation? Just downvotes? Ok then.
Consensus algorithms are inevitable. Either we use our current corrupt, politically-driven consensus system, which exploits workers, minorities, and generally anyone not rich and powerful, or we bother to engineer some consensus algorithms that has some bounds on the corruption possible within it.
Earlier quoted context omitted.
>People have been saying this for over a decade now. Mainstream applications are just around the corner, wait and see! We have waited, and all we've seen is baseless speculation DeFi isn't even 2 years old yet. This whole space really only started building applications in the last few years. Ethereum itself isn't even 6 years old yet.
DeFi is just a rebranding of smart contracts, which are still a hammer looking for a nail. If anything, it's just more baseless speculation like GP said.
All that is being replicated in DeFi but permissionless and open to the world.
Earlier quoted context omitted.
Why can't the tech be neat/super cool and primarily be used to run a scam? I mean bittorrent is neat tech as well but it's still primarily used for piracy. Doing a deep dive into how bittorrent works doesn't suddenly change the fact that 99.9% of torrents out there are violating somebody's intellectual property. All I'm saying is, there's lots of super neat tech out there that's primarily used for not-so-super-neat s…
I disagree with the characterization that the primary use is a scam. That’s like saying the primary use of email is to receive ads and phishing mail.
“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…
I'd argue you just haven't explored enough around its possibilities. I just read this today. https://twitter.com/mcuban/status/1400459822080819204
I think we're just beginning to get to the good stuff.