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> 10. There's actually a good chance that there's not a single person in your entire state or country that knows how to do your taxes.
And this is because your entire business model is to get around laws that were put in place ON PURPOSE.
Can confirm. I’m friends with a group of very smart distributed systems engineers who were excited to launch an actually useful crypto project that gets talked about here from time to time. As much as they’re excited about the technology itself, very few people are actually interested in using it. Instead, their business seems to revolve around the value of the utility tokens for their project. Few people are buying…
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Is price speculation considered abuse?
The tokens issued in this case (on of the few) have a purpose which is not speculation. If large amounts of speculation is undermining the business itself then yes I think that might qualify as a form of abuse? Happy to use an alternative term of your choice, ESL etc.
Can confirm. I’m friends with a group of very smart distributed systems engineers who were excited to launch an actually useful crypto project that gets talked about here from time to time. As much as they’re excited about the technology itself, very few people are actually interested in using it. Instead, their business seems to revolve around the value of the utility tokens for their project. Few people are buying…
Why don't you be transparent and tell us the service?
> 2. You aim to build a community, but in reality 90% of your telegram/discord are scammers and people asking why price is going down/accusations that you and your entire team should go to jail. I'm consistently repulsed by the lack of thoughtful discussion in crypto communities. For a space littered with intriguing technology it's endlessly frustrating that there's no HN-like forum. Instead, any community that start…
There are communities like this, such as the crypto dev discord, the daily gwei discord, ethereum cat herders discord, etc. You're just in the wrong communities. That's like spending time on 4chan and saying "the internet sucks, it's filled with horrible people and no thoughtful discussions."
I started a crypto startup once (don't do it unless you're Vitalik-tier intelligent) and this is pretty damn accurate. lol
[1] https://twitter.com/VitalikButerin/status/127395790524347596...
From user experience, I personally don't see a strong benefit of crypto. It always looks like a Ponzi Scheme to me. When early users are people driven by greed than productivity, it is a HUGE problem.
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It could not be more different, to pick one example from web tech with a similar name: Cryptocurrencies: Efforts to make useful tools are driven out, speculation and fraud are rife. Cryptography: Used to secure billions of web transactions every day on the web with very little fraud.
Cryptography is not web tech.
I took web tech to mean the technology used to serve the web - the differences with cryptocurrencies are manifold, the principal one being that billions of people use the web every day to perform important functions, compared to cryptocurrencies where most users are simply speculating on prices.
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.