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Andreessen on Crypto

marginalrevolution.com

11–20 of 110 posts

Re: Andreessen on Crypto

#11
post #7

Earlier quoted context omitted.

In the US, higher small business tax rates are championed solely by the left. This fact is more accurate in characterizing left/right centralized authoritarianism than tech metaphors ever could.

Is there someone out there campaigning on "increase taxes on small business"? I think this is a strawman, "tax the rich" doesn't mean "tax the corner baker".

the corner baker is a llc last I checked

Re: Andreessen on Crypto

#12
post #7

Earlier quoted context omitted.

In the US, higher small business tax rates are championed solely by the left. This fact is more accurate in characterizing left/right centralized authoritarianism than tech metaphors ever could.

Is there someone out there campaigning on "increase taxes on small business"? I think this is a strawman, "tax the rich" doesn't mean "tax the corner baker".

Nobody says "let's tax the corner baker", but often will advocate for tax policies that would negatively impact that baker in the name of taxing the "rich".

Re: Andreessen on Crypto

#13
post #4
post #2

White a pile of horse manure. Big Tech is run by stinkin' liberals which is why they aren't pushing cryptocurrencies? Here's an alternative hypothesis: cryptocurrencies have thus far proven to be good for nothing at all and, as a result, technology companies looking to create actual value have avoided crypto until some value can be found. It's not some liberal plot that cryptocurrencies are mostly usable as a way to…

This seems silly. Is Coinbase not part of “big tech”? It’s literally a $50 billion tech company.

The biggest tech companies have a market cap of around 2 trillion USD, so it seem reasonable that a company with a "mere" 2.5% valuation of the big corps is not "big tech" TBH. This says more about how humongous FAANG is than about the size of coinbase though.

Re: Andreessen on Crypto

#14
post #4

Earlier quoted context omitted.

This seems silly. Is Coinbase not part of “big tech”? It’s literally a $50 billion tech company.

So far the only mass use-case for crypto has been speculation, so the only success story being Coinbase is fitting.

> So far the only mass use-case for crypto has been speculation...

so you can't send crypto to another person?

i'm confused.

to downvoters:

When you say the mass use case, you mean everyone is using crypto to scam each other?

So there is absolutely no other good usecase for crypto and we should ban it completely?

Re: Andreessen on Crypto

#15
post #4

Earlier quoted context omitted.

This seems silly. Is Coinbase not part of “big tech”? It’s literally a $50 billion tech company.

So far the only mass use-case for crypto has been speculation, so the only success story being Coinbase is fitting.

And fraud/scams.

Re: Andreessen on Crypto

#17
post #4
post #2

White a pile of horse manure. Big Tech is run by stinkin' liberals which is why they aren't pushing cryptocurrencies? Here's an alternative hypothesis: cryptocurrencies have thus far proven to be good for nothing at all and, as a result, technology companies looking to create actual value have avoided crypto until some value can be found. It's not some liberal plot that cryptocurrencies are mostly usable as a way to…

This seems silly. Is Coinbase not part of “big tech”? It’s literally a $50 billion tech company.

It's telling that the single example anyone can think of is an exchange, essentially the casino where currency speculation is played out.

Re: Andreessen on Crypto

#18
For everybody saying cryptocurrency has no use, you must not remember how much trouble society had envisioning the uses for the very internet upon which we are now posting.

Here's an example of a use case recently gaining ground. https://mobile.twitter.com/BrantlyMillegan/status/1402388133...

I don't have a crystal ball, but it seems foolish and short-sighted to imagine we are certain that there are no legitimate uses for crypto.

Re: Andreessen on Crypto

#19
post #4
post #2

White a pile of horse manure. Big Tech is run by stinkin' liberals which is why they aren't pushing cryptocurrencies? Here's an alternative hypothesis: cryptocurrencies have thus far proven to be good for nothing at all and, as a result, technology companies looking to create actual value have avoided crypto until some value can be found. It's not some liberal plot that cryptocurrencies are mostly usable as a way to…

This seems silly. Is Coinbase not part of “big tech”? It’s literally a $50 billion tech company.

CoinBase isn't going anywhere and it's board isn't politically connected left nor right. You can tell that big-tech is investing via coinbase by blockchain analysis and thus making it's value rise overall. Coinbase being used for large whale wallet sizes of these firms bloats its value. As long as the firms do not dump their BTC coinbase won't have any issue.

Also consider the transaction fees it charges for every btc trade. They're going to be around for awhile.

Re: Andreessen on Crypto

#20

For everybody saying cryptocurrency has no use, you must not remember how much trouble society had envisioning the uses for the very internet upon which we are now posting. Here's an example of a use case recently gaining ground. https://mobile.twitter.com/BrantlyMillegan/status/1402388133... I don't have a crystal ball, but it seems foolish and short-sighted to imagine we are certain that there are no legitimate use…

The internet took like a year to take off since it became commercially available.

It took the world by storm once people could connect to it, and viable and useful ideas and applications (browsers, search engines, eCommerce, filesharing, etc) proliferated at breakneck speed.

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