281–290 of 379 posts
ELI5: why does the world need a larger number of cryptocurrencies vs fewer/one instead? (I’m not holding any position, I just want to understand the logic for either case)
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I've tend to chat with drivers when I take Lyft, and frequently mention that I'm a programmer. Several of the drivers have then asked me about cryptocurrency, mostly Bitcoin and Ethereum. I try to discuss how technically interesting they are, but how financially shaky; that there is likely a bubble and that they are probably not good long term investment options but could be worth buying a little bit for fun. We are…
> I have a hard time seeing most places wanting to accept payment in an asset as volatile as Bitcoin. I have an even harder time seeing any of those people who invest in bitoin using their coins for purchases.
I'm pretty sure whatever "newbie guides" exist out there purposely lead people to this awful state.
I was listening to terrestrial radio the other day and was surprised to hear a radio advertisement beckoning retirees to cash in their 401ks to join the cryptocurrency future of Bitcoin and Ethereum. The bubble is too big for Google to slow it down and it has grown beyond the realm of tech savvy geeks into something fueled by hype and hubris.
Anecdotal, but I have an uncle who, is a very good man but completely illiterate in terms of technology and closely resembles a "Larry the cable guy" stereotype, bought a surprising amount of bitcoin and then called me to ask how it worked, what make the price change, etc. It seems shoe shiners can come in many forms. But that was the particular one for me to unload all of my bitcoin and other crypto and get out whil…
Finally, some sense of responsibility kicks in. Another platform is LinkedIn, where I have been getting a ton of invites from "Blockchain Experts", "ICO Experts" whom I have never heard of. Some of my connections are connected to them but I think that's more of a blind "Accept". If you connect, I've noticed they immediately start promoting coins or ICO. Massive scam going on here. Hope LinkedIn bans these fake promot…
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I guess I wish I had so few problems and concerns of my own that I had time to be offended for people i don’t know. Especially on something so innocent and common. Seems like a luxury.
I will presume you are a white male just because of the place we are in and your tone. I was hesitating before writing that comment but the problem is, if nothing else but #metoo should've taught you: we -- and by "we" I mean us privileged in color and gender -- need to talk up because those who are offended do not always dare to do so.
Google doesn't even allow ads for legal, medical cannabis or headshops.
Google: We're banning them too.
Big Pharma: But not us right?
Google: No, we appreciate your business...
Facebook: How much are you looking to spend??
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> we've created a bunch of lemmings who will give all their money to an ICO because a banner told them to. It is a problem of basic finance education which should be part of the school curriculum. People also buy a lot of stuff they don't need or include false claims because a banner told them to.
I was just saying this the other day. I have been a steep learning curve about retirement accounts, mortgages, etc. There should really be a financial curriculum in high school, possibly all four years. This is basic information that everyone should be aware of.
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From the best tweetstorm ever on topic by Sarah Jeong: https://twitter.com/sarahjeong/status/953464303960469504 > All of this has gone too far!!!!! It was fine when you paranoid dorks were out there scamming each other, please leave the normies alone!!!!!!!!!!!
Except paranoid dorks are not the ones scamming. It's a completely different group of people who created the space, and completely different one that twisted it into a farce, created thousands of scam ICOs and altcoins that make no sense. Well, some overlap actually might be there, but not that much.
ELI5: why does the world need a larger number of cryptocurrencies vs fewer/one instead? (I’m not holding any position, I just want to understand the logic for either case)
why does the world need a large number of gift cards vs fewer/one instead? It is because of the perceived benefits of being a gift card holder/token holder.