111–120 of 377 posts
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Why not divert that interest into the world of secure private and/or anonymous chat and networking protocols? The flow of information and ideas is more valuable than currency, and there is increasing pressure to legislate it out of existence.
The overlap between the two is significant.
Why does Alex Hern at the Guardian believe Michael Kagan is an expert on what is best for society?
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His claim... "it collapsed, because it doesn’t bring anything useful for society" ...is incorrect. The total crypto market cap collapsed because of interest rate hikes. Nvidia's stock dropped 68%. Is that because it didn't bring anything useful for society? No. It was trading at a premium because of low rates.
> The total crypto market cap collapsed because of interest rate hikes. Let's take a deeper cut, why does something collapse when interest rates rise?
The equities market was already running at artificially inflated values for some sectors (like technology), which means there isn't much growth potential (if everything is deemed to be already overpriced), and so the outflows were quite significant from those sectors, accentuating the inverse relationship between equities and interest rates.
I do not own any crypto myself. The grown-up opinion is of course to view all crypto ""investments"" with extreme skepticism, which is an absolutely sane and correct position. With that said, I like the idea of cryptocurrencies simply because they are punk as f*ck, and I'd like whatever leadership in charge to know that they do not have absolute power to run anyone else's life. Apart from magic internet money, I cann…
Why not divert that interest into the world of secure private and/or anonymous chat and networking protocols? The flow of information and ideas is more valuable than currency, and there is increasing pressure to legislate it out of existence.
I do not own any crypto myself. The grown-up opinion is of course to view all crypto ""investments"" with extreme skepticism, which is an absolutely sane and correct position. With that said, I like the idea of cryptocurrencies simply because they are punk as f*ck, and I'd like whatever leadership in charge to know that they do not have absolute power to run anyone else's life. Apart from magic internet money, I cann…
Why not divert that interest into the world of secure private and/or anonymous chat and networking protocols? The flow of information and ideas is more valuable than currency, and there is increasing pressure to legislate it out of existence.
Money is power in a distinct way that freedom of information, in general, is not:
You don't need to believe in a (digital crypto) currency for it to hold value:
As long as someone else believes it, you can make them do things for that currency.
I believe this potency is what makes the scum of the Earth flock to cryptocurrencies.
I do not own any crypto myself. The grown-up opinion is of course to view all crypto ""investments"" with extreme skepticism, which is an absolutely sane and correct position. With that said, I like the idea of cryptocurrencies simply because they are punk as f*ck, and I'd like whatever leadership in charge to know that they do not have absolute power to run anyone else's life. Apart from magic internet money, I cann…
It is possible that there is no idea in the history of mankind less punk rock than cryptocurrency.
Earlier quoted context omitted.
His claim... "it collapsed, because it doesn’t bring anything useful for society" ...is incorrect. The total crypto market cap collapsed because of interest rate hikes. Nvidia's stock dropped 68%. Is that because it didn't bring anything useful for society? No. It was trading at a premium because of low rates.
> The total crypto market cap collapsed because of interest rate hikes. Let's take a deeper cut, why does something collapse when interest rates rise?
I do not own any crypto myself. The grown-up opinion is of course to view all crypto ""investments"" with extreme skepticism, which is an absolutely sane and correct position. With that said, I like the idea of cryptocurrencies simply because they are punk as f*ck, and I'd like whatever leadership in charge to know that they do not have absolute power to run anyone else's life. Apart from magic internet money, I cann…
It is possible that there is no idea in the history of mankind less punk rock than cryptocurrency.
Earlier quoted context omitted.
“Search isn’t a business!” Blockchain and Web3 ended up mostly being zero sum games. But that doesn’t mean it’s not capable of being so much more. Who remembers the silly and tags? The Web has come a long way. And personally, for all its faults, I find Web3 better than Web2 in terms of economics - rather than giant server farms and Big Tech monopolies, we have UniSwap and Aave Marketplace and Filecoin etc. The networ…
> The network is owned by the participants and no shareholder class to extract rents. Dumb question. But if the network is owned by the participants, then why do all the networks have a centralized authority managing them? The participants rarely have autonomy.
Web3 protocols at their best are like that. By contrast, FTX and Binance are “crypto-adjacent”, they aren’t decentralized or onchain at all.