Much akin to the Hacktoberfest debacle, manufactured incentives seem to hurt public spaces.
https://joel.net/how-one-guy-ruined-hacktoberfest2020-drama Very similar: some guy created a video and a lot of people submit useless PRs, except for a T-shirt instead of crypto. EDIT: Except, Hacktoberfest ran since 2014 and there was never an issue before the video, which (unintentionally) brought it a lot more attention and gave a bad example of an “improvement”. Incentives can be good if designed and explained ca…
The Disappointing Tea.xyz
51–60 of 90 posts
Re: The Disappointing Tea.xyz
#52Cryptocurrency has basically completely inverted the trust issue it's meant to solve (at least for many developers). In theory, a decentralized ledger of project contributions / owners is a good idea for distributing sponsorship dollars without a middleman controlling things. In practice, the brand of crypto has gotten so bad that developers are far more likely to trust centralized mechanisms like GitHub's funding.ya…
And it doesn't even solve the trust problem for anything off chain. And even if it would than the question of which chain is the right one comes up. Did you know there are fake nfts and you hardly can see which ones are real? You literally need an initial trust anchor like a project website with https to learn about it. What a wonderful irony.
Re: The Disappointing Tea.xyz
#53Earlier quoted context omitted.
And it doesn't even solve the trust problem for anything off chain. And even if it would than the question of which chain is the right one comes up. Did you know there are fake nfts and you hardly can see which ones are real? You literally need an initial trust anchor like a project website with https to learn about it. What a wonderful irony.
Counterfeits exist in real life too, bit crypto has the benefit that you can actually prove who created something where in real life a good counterfeit could remain undetected.
No. Crypto lets you prove who wrote a small amount of data to the blockchain.
Re: The Disappointing Tea.xyz
#54Just as an aside Tea.xyz is funded by Binance. [1] Make of this what you will, but I call immediate scam. https://www.businesswire.com/news/home/20220323005603/en/Tea...
Good find. > March 23, 2022 Looks like this is one of the last turds from the crypto diarrheafest making its way through the pipes. Good riddance.
Re: The Disappointing Tea.xyz
#55Earlier quoted context omitted.
And it doesn't even solve the trust problem for anything off chain. And even if it would than the question of which chain is the right one comes up. Did you know there are fake nfts and you hardly can see which ones are real? You literally need an initial trust anchor like a project website with https to learn about it. What a wonderful irony.
Counterfeits exist in real life too, bit crypto has the benefit that you can actually prove who created something where in real life a good counterfeit could remain undetected.
An ocean filled with fish poop…
It’s so great I can definitively verify that this ID is something… but that’s absolutely fucking pointless if I have no way to judge if the entity or entities controlling it, connected to it, supporting it, or even associated with it (to consider potential future actions)… the goal was noble but the implementation completely failed because to succeed would have required the participants to build anchors in the real world of verifiable identities… and for all the value people get from day to day use of cryptocurrencies… the biggest value of crypto was in staying as far away from the real world as possible allowing such things as drug purchases and international money laundering and illegal gambling at a level low enough to evade legal enforcement services coming after the players (since obviously if they could come after the casino/house they would since that’s where all the money is)
Re: The Disappointing Tea.xyz
#56Earlier quoted context omitted.
And it doesn't even solve the trust problem for anything off chain. And even if it would than the question of which chain is the right one comes up. Did you know there are fake nfts and you hardly can see which ones are real? You literally need an initial trust anchor like a project website with https to learn about it. What a wonderful irony.
Counterfeits exist in real life too, bit crypto has the benefit that you can actually prove who created something where in real life a good counterfeit could remain undetected.
Re: The Disappointing Tea.xyz
#57The financialization of everything is why we can't have nice things.
Financialization is why nice things can be done at scale. Without finanialization the nice things would be smaller and less common. Expecting people to do high quality work for free is not sustainable.
So then, reserve profit motives for things that need to be done, and for which you can tolerate mere adequacy. I want my garbageman to be motivated by profit, because society would collapse in a week without garbage collection. For things that need to be done well, there's no alternative other than finding someone who actually gives a shit regardless of the profit involved (which isn't to say that they must live in poverty, but rather that profit must be a secondary motivation rather than a primary one; find someone who wants to be doing the work even if they weren't getting paid).
Re: The Disappointing Tea.xyz
#58Re: The Disappointing Tea.xyz
#59They could say "People can contribute to a project by just staking tokens against a project" but staking tokens isn't a stream of new money. New money needs to be coming from somewhere.
Tokens can be created out of thin air, but money can't be.
It doesn't look good to me through a "game theory lens".
Re: The Disappointing Tea.xyz
#60Tea is from the same person who was using AI generated descriptions in their package manager the other day. Probably best to put your old grift to bed before starting your new one?
Ironically it’s also the same guy who did Homebrew! pkgx looks great on paper (did not try), but why oh why does Max want to put crypto and AI everywhere?