131–140 of 162 posts
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Imagine in the year of 2025 believing crypto has value beyond making fraud easy. After over a decade of this thing rattling around it remains a problem in search of a solution and by and large huge waste of everyone’s time.
Imagine working in tech for years and not having bought the only 2 trillion dollar asset that could have freed you from your shackles. Then complaining about it.
Crypto should be taking off in use in the AI age. Right now I have credits I paid open AI for so I can use their API. I have anthropic credits, I have some credits in a video generator app. A2A is becoming a thing, and now it's a realistic thing to potentially expose an agent on a public endpoint to do useful work. Agents working with agents is a very clear future direction. But everything is a closed ecosystem. But…
https://pocket.network/case-study-building-a-decentralized-d...
I don’t disagree that it would be nice to be able to do this, but barring some black swan-esque event that changes how people see these things, it’ll probably always be somewhat niche compared to more permissioned or centralized systems. That or the decentralized systems will need to be VERY competitively priced to make the value-prop a bit more of a slam dunk for making this more widespread outside of philosophically-aligned hardliners and idealists
What I'm always missing with these takes is the "what if" component. Nobody really dares to paint the whole picture in articles like this. Authors seem to go as far as to find the moral infraction, and then stop. But that doesn't do what is happening justice. No, crypto does not need regulation. Law-based order needs crypto regulation. That's a big difference already. But we can go further than that. What if we don't…
The inevitable bailouts will be breathtaking. We’re in a quadratic adoption phase to legitimize a currency faster than the public discovers its downsides. The first bailout will be in this administration and won’t look like an inflection point. It’ll look like printing fiat into a dark, lucrative, inaccessible hole. Among average Americans, the biggest advantage for promoters is the widespread susceptibility to scams…
I just think its wild you all have subscriptions to the economist
The history of crypto is pretty much a story of technical people creating something interesting with a cyberpunk/ open ethos - then the financial industry realizing it can be exploited to make money in ethically dubious ways, while simultaneously destroying the philosophy behind it. The bitcoin paper is still one of the most elegant technical documents I’ve ever read, a decade+ since it was published. I’m not sure wh…
Ideological capture is something that any system inevitably faces once it becomes large enough. But the point is to evolve and grow, not stagnate on a fixed concept. Personally, I think Solana does the best at balancing the original cypherpunk ethos while ultimately driving towards the future with crypto being the rails for natively programmatic global commerce.
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You don't think 1000% returns over the last 5 years is useful to anyone? During the height of inflation?
Returns gained entirely from fleecing rubes. Fraud generally has good returns for the fraudsters.
the only way to get "fleeced" like a "rube" is to sell or never buy.
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The inevitable bailouts will be breathtaking. We’re in a quadratic adoption phase to legitimize a currency faster than the public discovers its downsides. The first bailout will be in this administration and won’t look like an inflection point. It’ll look like printing fiat into a dark, lucrative, inaccessible hole. Among average Americans, the biggest advantage for promoters is the widespread susceptibility to scams…
There won't be crypto bailouts. The goal of crypto is to disperse it into the masses where it can lose all value. It losing value won't lead to any reaction, except for pumping some new crypto.
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It's useful for evading illegal US sanctions, and sometimes also works just as a payment method. I paid a hosting provider with it earlier this year, and that actually worked well.
Not sure why you're being downvoted. Most of us don't live in Russia, but if we did, I am totally sure that may HN-ers would come up with ways to evade sanctions. It's either that or leave the country, which I am sure many aren't willing to do.
Crypto should be taking off in use in the AI age. Right now I have credits I paid open AI for so I can use their API. I have anthropic credits, I have some credits in a video generator app. A2A is becoming a thing, and now it's a realistic thing to potentially expose an agent on a public endpoint to do useful work. Agents working with agents is a very clear future direction. But everything is a closed ecosystem. But…
Sounds like things are working just fine without the extra cryptocurrency step.
Crypto was a huge mistake. It should have been rigorously regulated right out of the gate to the point of being unusable for anyone. I have yet to see a use case that doesn’t amount to buying drugs or defrauding rubes.
Hey now. There's also trading child pornography.