41–50 of 373 posts
So many of the smartest people in the world work in the areas of getting people to click on ads, mining personal information, finance and crypto. Areas that at best have no social value. It is quite depressing.
Earlier quoted context omitted.
You realize doge coin is still worth less than 10% of btc by marketcap? Not sure I would count on that prediction. I mean is gme going to surpass apple?
10% over something that is pure speculation and has no value whatsoever seems like really high. If anything, this just makes me feel confident about my prediction.
They’re crypto based but unfortunately (/s) no token
But, it must be worse to deal with when you have profit as a motivator rather than social benefit.
Sounds like a recipe for burn-out and a risk to mental health.
So many of the smartest people in the world work in the areas of getting people to click on ads, mining personal information, finance and crypto. Areas that at best have no social value. It is quite depressing.
> 16. And my personal pet peeve is that, by and large, most of crypto actually does want Bitcoin to die. Perhaps not in a "I want Bitcoin to go to zero", but in a, "Bitcoin doesn't do anything and so I want its value to be rightly distributed to my project, which has real utility". This is the most frustrating thing about crypto and has been since at least 2016. Most of the projects with the highest market cap in the…
> Most of the projects with the highest market cap in the space either don't do anything, don't plan on doing anything and don't have any purpose. The second most valued crypto-currency is Ethereum. And the entire ecosystem around it does plan on doing a lot of things, starting with decentralised finance. There are also efforts to layer a network on top of Bitcoin in a bid to counter-act Ethereum. And competing netwo…
Polygon, Cosmos or other innovative L1 projects like Avalanche, Algorand or HBAR all sit at 9 digit mcap - which is certainly very high but still annoyingly low when you consider that DOGE is worth 77 billion dollars and BSC, whose sole purpose is to make scams out of ETH projects and run them on a centralized chain, sits close to 100 billion dollars.
So many of the smartest people in the world work in the areas of getting people to click on ads, mining personal information, finance and crypto. Areas that at best have no social value. It is quite depressing.
So many of the smartest people in the world work in the areas of getting people to click on ads, mining personal information, finance and crypto. Areas that at best have no social value. It is quite depressing.
Crypto has no social value? I'm not in the space, but I think crypto has immense social value.
PeakD.com
Or a digital currency with the privacy and fungibility of cash.
GetMonero.org
Or an ad free streaming platform.
Odysee.com
Earlier quoted context omitted.
There has to be a better way to address this because "Why not blind yourself to relevant context" cuts both ways. You said "Always treat every single crypto project as a scam." - but if you ignore all blockchain ideas and still see a healthy and useful product, but ignore it as a scam - that's also blinding yourself to context.
Because a scam product will lie to you in order to look like a healthy and useful product. If you ignore the hints that it is a scam (that it is a cryptocurrency project, where 90% or more of all projects are, in fact, scams), you will be more likely to fall for the lies.
Earlier quoted context omitted.
> Investors only care about getting more press releases out so they can pump up the price of their discounted tokens, which have a shortened lockup period relative to something like stocks. It’s almost like a pump-and-dump scheme for investors. "almost" If even useful services are being abused for speculation, it's time to realise the entire space is fundamentally broken. We've already seen massive fraud in the space…
Is price speculation considered abuse?
So many of the smartest people in the world work in the areas of getting people to click on ads, mining personal information, finance and crypto. Areas that at best have no social value. It is quite depressing.
One perspective on money is that it's a resource-allocation system. I think more transparent, accountable, reliable resource allocation potentially has enormous social value.