21–30 of 162 posts
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.
That's the thing where if you have significant assets your family members get kidnapped until you irreversibly transfer those assets to criminals, right? I'm not sure how crypto continues to gain mainstream adoption in the face of that , no matter how much excitement there is for it in the current US administration. My previous argument was that a technology where losing your password means you lose your net worth wa…
That's sort of the point, I think. It's like buying an index tracker in the underground economy.
now it's way easier to track public blockchain transaction chains on Bitcoin, Ethereum and the like than it is to track bank transfers across countries
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…
Sure, but a) this doesn't require blockchain, and b) there's no incentive for the various players to make credits portable.
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…
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.
Society has been struggling for decades to overcome prohibition via political channels, and watching as multiple generations have been damaged by its impact on local economies, civil liberties, and the boon to criminal cartels.
Then, a mathematical solution arises which unambiguously undermines this regime, and somehow that's a bad thing?!
Earlier quoted context omitted.
Sure, but a) this doesn't require blockchain, and b) there's no incentive for the various players to make credits portable.
I'm tired of the "this doesn't require blockchain" argument. The alternative is a centralized entity that controls payments. Is that REALLY your preferred solution?
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…
You can do this using OpenRouter; they accept USDC I think
Earlier quoted context omitted.
Sure, but a) this doesn't require blockchain, and b) there's no incentive for the various players to make credits portable.
I'm tired of the "this doesn't require blockchain" argument. The alternative is a centralized entity that controls payments. Is that REALLY your preferred solution?
And agents just make it easier.
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.
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.
That's the thing where if you have significant assets your family members get kidnapped until you irreversibly transfer those assets to criminals, right? I'm not sure how crypto continues to gain mainstream adoption in the face of that , no matter how much excitement there is for it in the current US administration. My previous argument was that a technology where losing your password means you lose your net worth wa…
Kidnapping for ransom was a thing in human history even before money was invented. And money could be lost in many other irreversible scenarios, like fire, government confiscation or devaluation. So was speculation. Crypto is just another value carrier. Password is just a risk factor, like trust in govt is.
The whole "time immemorial" argument is a little silly when we put it in the context of modernity: we have safeguards people didn't have "before money was invented" because we're the beneficiaries of a sophisticated set of social rules intended to protect people. Getting rid of those safeguards because they're recent is fairly likely to make our lives worse.