311–320 of 373 posts
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It's the 'laser eyes' meme. https://knowyourmeme.com/memes/laser-eyes-bitcoin-trend-lase...
How do you read the content of this website? Everything jumps around as you scroll. https://streamable.com/ymqe1c
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Been presenting on and teaching the technology for 7 years
OK, so you just don't like Ethereum? Why "garbage to fools"?
Ethereums tech is based off scaling bitcoin in an more ambitious way than bitcoin maintainers consider safe. Ethereum is still PoW and every client must download and validate all other clients smart contracts. This does not scale and leads to centralisation. Removing the most important property of these networks designed to be controlled by no one group/person. Smart contracts and decentralised exchanges are the goals of a decentralised network but Ethereum has sold the idea before they have the technology to achieve this.
Ethereum has excelled at regulator arbitrate. It looks like it's not controlled by one group so it's not regulated like a company. But one group controls the rules and the hard forks on the network. It is a success in this way
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To be fair though that's most things. That's the very purpose of the stock market. When you buy a stock most of the time most people don't care what the company it represents does, they just want the stock to go up. Same thing can be applied to most things there are vast warehouses full of art people will never see as its just owned as a tax dodge / speculation. Heck most of us work jobs we hate for nothing but money…
All those things still produce tangible goods at the end though, is the difference. I can hate my job but at the end of the day I still created value for my employer. Companies on the stock market still create actual value for people, even if shareholders don't particularly care how they do it.
Still waiting for someone to name one singular measurable impact of a crypto project. It's a solution that's been searching for a problem for over 10 years. Decentralized, distributed, blah blah, stop drinking the koolaid. Is a network controlled primarily by 4 mining companies decentralized? Do you need a distributed network to sell NFTS that are only useable within the world of a specific video game company? (game…
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Uniswap already has mainstream adoption lol. V2 has had more volume than Coinbase for almost a year and its less than a year old. People that want alpha learn that interface, the end. If you want limit orders and big ole' chart taking 3/4ths of the screen so that you can pretend the Bollinger bands are suggesting a breakout, then you have to use third party GUIs, it is all possible and there are plenty of github proj…
Thanks! For the adoption, I meant more like new folks to crypto. I think sending someone new to Coinbase is a lot easier than having them set up Metamask, telling them how to get some ETH and sending them to Uniswap (and also having them understand gas fees, etc, otherwise their Uniswap transaction will take hours and maybe be cancelled due to slippage). Anyway those third party GUIs sound interesting. I also figured…
New people to crypto just follow their favorite youtuber
The ux will improve even more over time
The commerce applications on the other side like Uniswap are understood pretty quickly as its just market orders
But there is tons of room for innovation in making it more accessible
When I see the volume, liquidity, value on chain, and all times lows of crypto stored in exchanges, to me that means its easy enough for people to figure it out from their favorite influencer’s bite sized video
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Yes, like most if not all current cryptos: it's either stupid energy waste or fraud.
Not true, most stuff launching these days is either PoS or migrating.
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"Streaming money" doesn't sound like sci-fi at all. It just sounds like something I absolutely would try to avoid at all costs.
Well there can still be option to pay full at once. Not quite sure what you gain from this but if you can stream you can also stream all once.
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Because these crypto companies are generally deliberately marketing themselves as the democratic solution to the original problem through this new decentralized technology. Then when their private discord and telegram groups get exposed for pump and dump scams, their go to defense rings of your comment “so what, it’s the way it’s always been”
I think the real issue is that in 2009-2013 it was used by people who understood the risks. Now it is used by retail investors with no clue, who will be hit hardest by it. I suggested everyone buy it when it was under $500, I said invest with caution up to $1000. Now I can't in good faith suggest to people that they buy it. And I am fortunate, everyone who did buy it on my suggestion made plenty of money.. probably b…
Buy/hodl has converted the concept for electronic currency, if there really ever was one, into a money making endeavor based on your current wealth and ability to risk a loss. That’s the antithesis of democratization, or 1 person 1 vote, but a I was here first so that makes me king now get on your knees and grovel at my supremacy.
The only real way to look at Bitcoin is as if there is an AI operating in the background with the sole intent of taking “investors” money through constant cycles of FOMO pump and dumps. It’s a stock without any assets or profits backing its value, at any point the shareholders could just start a new company and nothing would be lost by abandoning Bitcoin, because it’s just a shell company with nothing inside.
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To be fair though that's most things. That's the very purpose of the stock market. When you buy a stock most of the time most people don't care what the company it represents does, they just want the stock to go up. Same thing can be applied to most things there are vast warehouses full of art people will never see as its just owned as a tax dodge / speculation. Heck most of us work jobs we hate for nothing but money…
All those things still produce tangible goods at the end though, is the difference. I can hate my job but at the end of the day I still created value for my employer. Companies on the stock market still create actual value for people, even if shareholders don't particularly care how they do it.
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> They’re buying them to horde so they can resell to other speculators when the price goes up. It's almost like all interest in cryptocurrency is driven by greed and speculation. I've been learning more about it, and I'm pretty convinced this is the case. Go into any crypto space, and all people are talking about is yield, price action, how much their tokens have grown etc. I think the only thing I've seen that isn't…
NFTs are the same thing though, yes the medium differs, but these high benchmark prices are being paid by people with hundreds of millions in cryptocurrency, with the aim pretty much of minting their own NFTs and selling them. Those big ticket items are just painting the tape. Likely bought and sold by the same people in many cases (if we take the crypto markets in general as a guide).