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I wasted years of my life in crypto

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Re: I wasted years of my life in crypto

#21

Post by Ekaros »

grim_io wrote: post #12
spicyusername wrote: post #9

I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me. The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and ho…

Ideology can be blinding. It was never about the technology.

It might have been for first few months. And then it kinda got into becoming rich or kings of future world...

Re: I wasted years of my life in crypto

#22

Post by grim_io »

jstanley wrote: post #18
spicyusername wrote: post #9

I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me. The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and ho…

That you don't understand something doesn't mean everyone else is wrong.

It's funny that you think of crypto bros as "everyone", when in reality they are very much the few.

Re: I wasted years of my life in crypto

#23

Post by bena »

jstanley wrote: post #18
spicyusername wrote: post #9

I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me. The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and ho…

That you don't understand something doesn't mean everyone else is wrong.

No, but it doesn’t mean they’re correct either.

Re: I wasted years of my life in crypto

#25

Post by lurk2 »

spicyusername wrote: post #4
chistev wrote: post #2

You need to have a Twitter account to view comments

I am always a little surprised Twitter (and Instagram, and Facebook, etc) are still going, when a link comes across the feeds I so monitor. Once you stop visiting a sure regularly, it's easy to forget it's still "real" to some people.

Instagram is still massive. Twitter was never that big, it just had an outsized cultural influence because the people who used it professionalized being terminally online.

Facebook is the one that baffles me because the only people I know that actively use it for anything besides Messenger and Marketplace are over the age of 60. The younger ones have never even had a Facebook account.

Threads is the other one; it’s supposedly huge but I only know one person who uses it. I’ve never heard it referenced in any conversation and don’t hear about it on other platforms the way you’ll see a Twitter screenshot on Reddit.

Re: I wasted years of my life in crypto

#26

Post by kachapopopow »

spicyusername wrote: post #9

I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me. The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and ho…

well actually, you could build a network on top of that (expensive) database... hmm... it's kind of starting to sound like SWIFT.

but you have: no rollbacks, no refunds, no governance to stop bad actors you do gain: immunity from government decisions, theft by state and independence

as unpopular as it might sound like, bitcoin is great for criminals, yes you could say "who decides what is a criminal", well let's make this simple: people who murder and steal.

edit: by "murder and steal" I generally mean something that is "lawfully and/or morally disallowed"

Re: I wasted years of my life in crypto

#28

Post by nacozarina »

spicyusername wrote: post #9

I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me. The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and ho…

read the original Satoshi paper

all the 3rd party summaries/interpretations of this paper are problematic. Read the original.

Re: I wasted years of my life in crypto

#29

Post by ahartmetz »

spicyusername wrote: post #9

I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me. The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and ho…

Apparently, some fraction of the population is willing to believe whatever makes them rich.

Re: I wasted years of my life in crypto

#30

Post by d--b »

spicyusername wrote: post #9

I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me. The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and ho…

What do you mean? Technically it works, no?

it is an incovenient database, for sure, but the fact that people can trust it enough that they put billions of dollars in it is remarkable.

I wouldn’t put my house in an S3 bucket…

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