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Ask HN: Feel bad about working in crypto, what to do?

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Re: Ask HN: Feel bad about working in crypto, what to do?

#53
>All the hate for crypto, even though much of it is uninformed, makes me question my decisions. I am also worried about future employability.

People keep working for Facebook and Google. And they tend to get other jobs when they want. So I wouldn't worry there.

Re: Ask HN: Feel bad about working in crypto, what to do?

#54
I think despite what the sentiment is, there is real value in crypto/blockchain. I mean if the US Government turned the dollar into a digital currency, wouldn't the sentiment change? Wouldn't DeFi be better with regulation? All the benefits of cryptocurrency/smart contracts/DeFi are real. The problem is there is no regulation. Without regulations most people are going to optimize for self interest. That is really overshadowing the potential. It will eventually change for the better.

Re: Ask HN: Feel bad about working in crypto, what to do?

#57
post #54

I think despite what the sentiment is, there is real value in crypto/blockchain. I mean if the US Government turned the dollar into a digital currency, wouldn't the sentiment change? Wouldn't DeFi be better with regulation? All the benefits of cryptocurrency/smart contracts/DeFi are real. The problem is there is no regulation. Without regulations most people are going to optimize for self interest. That is really ove…

Regulation, the one thing crypto was meant to avoid.

Re: Ask HN: Feel bad about working in crypto, what to do?

#58
post #54

I think despite what the sentiment is, there is real value in crypto/blockchain. I mean if the US Government turned the dollar into a digital currency, wouldn't the sentiment change? Wouldn't DeFi be better with regulation? All the benefits of cryptocurrency/smart contracts/DeFi are real. The problem is there is no regulation. Without regulations most people are going to optimize for self interest. That is really ove…

>Wouldn't DeFi be better with regulation?

Doesn't the "de" in DeFi imply the lack of a regulating body?

Re: Ask HN: Feel bad about working in crypto, what to do?

#60

Zoom 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 has been a legitimate technology with real use cases for a decade now and all we’ve got is jpeg’s of apes. With the amount of real money, talent and hard work being pumped into this space we should have seen the use cases materialize by now. But there’s nothing. I’m sure someone uses it for something real, but I haven’t seen crypto actually solve a real problem any better than a plain old database. Please correct me if I’m wrong,
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