The modern tulip bubble, but 1000x worse. I cannot wait for crypto-everything to die.
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The Crypto Elites Are Plotting a Wall Street Merger
21–28 of 28 posts
Re: The Crypto Elites Are Plotting a Wall Street Merger
#22This has a lot of hype and opinion but very little substance. Respectfully, whoever wrote it needs to actually talk to people building things in the space instead of telling them what they are doing. There are small/partial examples of the clickbait title happening but they're few and far between and I saw none of them cited here.
Also of note, open dialogue, while not stylish in our current zeitgeist, is absolutely necessary and should be actively encouraged among all stakeholders even those that may have opposing views of the future. This is in regard specifically tho not exclusively to the Brian Armstrong/Pelosi convo. Anyone that's been around crypto long enough has seen someone finally grok the potential it brings for disparate, and disagreeing people to work together to accomplish shared goals / public goods.
Re: The Crypto Elites Are Plotting a Wall Street Merger
#23Re: The Crypto Elites Are Plotting a Wall Street Merger
#24I thought the overall "shadowy Wall Street elite cabal" in this article was bizarre and a bit nauseating. I actually mentioned this somewhat recently, https://news.ycombinator.com/item?id=31156677 , but the one place where crypto and blockchain actually does make sense to me is as a replacement for our (in the US) insanely outdated and antiquated settlement systems for banks. I was a software developer well steeped i…
> comic book-view of the world
spot on.
Re: The Crypto Elites Are Plotting a Wall Street Merger
#25This has a lot of hype and opinion but very little substance. Respectfully, whoever wrote it needs to actually talk to people building things in the space instead of telling them what they are doing. There are small/partial examples of the clickbait title happening but they're few and far between and I saw none of them cited here. Also of note, open dialogue, while not stylish in our current zeitgeist, is absolutely…
> the potential it brings for disparate, and disagreeing people to work together to accomplish shared goals / public goods
Do you have examples of crypto allowing disagreeing parties to work together? Preemptively, I don’t think things like AMMs qualify since the parties are not really any more “disagreeing” than any negotiation or trade, and there is no shared goal.
Re: The Crypto Elites Are Plotting a Wall Street Merger
#26Earlier quoted context omitted.
More than a decade into at this point. I don't see why it'd burst now.
At some point there are no more new investors to pay the earlier ones.
Such as what happened in 2018-19? Bitcoin never goes "bankrupt". Bitcoin never ceases to exist. The price can do whatever it wants, but the lower it goes, the more momentum it can build on the way back up.
Re: The Crypto Elites Are Plotting a Wall Street Merger
#27I thought the overall "shadowy Wall Street elite cabal" in this article was bizarre and a bit nauseating. I actually mentioned this somewhat recently, https://news.ycombinator.com/item?id=31156677 , but the one place where crypto and blockchain actually does make sense to me is as a replacement for our (in the US) insanely outdated and antiquated settlement systems for banks. I was a software developer well steeped i…
Why can’t they just copy what the SEPA (Single Euro Payments Area) is doing? We went from ‘1-2 day settlement, and God forbid you need to send money cross-border’ to ‘most transactions settle within 10 seconds’ in the span of 20 years.
Re: The Crypto Elites Are Plotting a Wall Street Merger
#28This doesn't give any examples of crypto "going legit". Circle, Gemini, and Coinbase were set up to be legal from the beginning; they never tried to "fight the system". Tether/Bitfinex, Binance, etc. would like to be recognized as legal but so far I don't see any progress.