281–290 of 433 posts
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That's a very disgusting generalization of the average crypto user. So since I've been using cryptocurrency for 11 years now, I am definitely a criminal or drug dealer...
Indirectly. You are processing their transactions.
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It's only free for a small amount of content or when you're ad supported. If you get significant traffic or care about performance, someone needs to pay for it.
No one pays for bits moving around on the internet, for the most part. See “peering internet.” Big companies just charge you for it to prevent it from being abused.
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Is it thought? Can’t web3 be, for an example, patient health data in a ledger? Who says it has to be tied to a monetary value?
I think that's the killer feature personally (I work in the space). It has uses for censorship resistant communication and things like identity. Not sure if I see the use case in health data though.
The relentless number of anti-crypto and anti-web3 articles on HN is tiring. Nobody is forcing anyone to partake in this new technology. Skepticism is healthy, but criticism without being constructive is not. There are clearly _some_ novel ideas in the crypto space, even if you think the state of the community today is not healthy. Thousands of teams are exploring ideas on many different fronts (e.g. L1s, L2s, NFTs).…
That's what really bums me out. Both pro-crypto and anti-crypto have become such cults that even as a curious person it's hard to make sense of anything anymore. No matter what side you're on, there's little room for reason or middle-ground. Yeah, there's problems with cryptocurrency remaining to be solved. Yes, there's shenanigans and scams. Yes, it's not great for the environment (and I cannot wait for a smartass t…
The value of pretty much everything is defined by how much people are willing to pay for it. Bitcoin is just some numbers in a database that a lot of people have convinced each other are worth something. US$ is some pieces of paper and some numbers in a database that a much larger number of people have convinced each other are worth something. Your labor is worth some amount because that is what you have been able to get people to pay for it. So is mine. A sandwich is worth some amount, so is the labor of the people who made it.
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No one's being forced, but it seems many people are being tricked. It's important to inject a considerable amount of skepticism into a conversation that is often dominated by proponents in it only to make money off of speculation.
Those people are probably going to be tricked anyway. Many things in society are tricks. Google is a trick. Self-help is a trick. Fast food is a trick. MLM is a trick. Political ideologies are tricks. Everyone wants to be lied to, or rather everyone wants to believe in something, and they'll throw away their money just to maintain that belief. While aspects of the world of cryptocurrency are tricks, it's hardly uniqu…
It seems like you're saying something like "stop trying to prevent people from being scammed, because reasons." What are those reasons? If I see someone trying to scam others, why shouldn't I warn those people?
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What’s a single idea in the crypto space that requires no centralized entity involved and can sustain indefinite price drops of the underlying cryptocurrency? I find it amusing how most of the interesting things in crypto are centralized.
Uniswap, a decentralized exchange. The smart contracts have no centralized administration at all, anyone can set up a GUI for them, and it doesn't break just because the price of ETH falls. This is one of the most successful projects on Ethereum, with trading volume comparable to Coinbase.
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That and half the value of Ethereum and Bitcoin evaporated in a matter of days. No one wants "currency" that just up and loses half it's value.
If no one wanted it it would've been down 99%. People were saying the same thing you're saying when bitcoin was 1000$
The relentless number of anti-crypto and anti-web3 articles on HN is tiring. Nobody is forcing anyone to partake in this new technology. Skepticism is healthy, but criticism without being constructive is not. There are clearly _some_ novel ideas in the crypto space, even if you think the state of the community today is not healthy. Thousands of teams are exploring ideas on many different fronts (e.g. L1s, L2s, NFTs).…
Depending on what you mean here, I don't agree. Every novel idea I've seen coming out of cryptocurrency/defi can be generally applied to distributed computing and is useful in other fields or with other forms of finance. The ideas that are explicitly dependent on cryptocurrency appear almost exclusively to be the really terrible ideas. (NFTs, smart contracts, DAOs, etc)
You guys don't see how solving byzantines general problem is ground breaking? You guys don't see any potential in decentralised networks resistant to sybil attacks? No value in being able to "own" things in the digital world? You guys couldn't imagine any uses for something like Zero Knowledge Proofs?
Its just stupid. Most of you guys are over payed dorks who lack any sort of vision or imagination..
You don't need to be genius to see that we are in a euphoric bubble when jpegs of apes as selling for millions and its pretty cool to point out/warn people of the scammers and charlatans in this space.. but to dismiss the cambrian explosion of innovation happening here..
I mean.. I'm baffled.. tech people? I know this sounds harsh but the sheer stupidity in a phrase like "blockhains are a solution in search of a problem"...
Pretty sure this is because markets are going down. if/when prices go up again headlines will be skepticism disappears as people get into crypto again.
These critics have been around for a while. Dan Olson started researching this video long before this recent crash. You should watch it. https://youtu.be/YQ_xWvX1n9g