81–90 of 150 posts
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Why even be part of these communities? It's possible to buy cryptocurrency and avoid all the hype and negativity.
The point of a currency is to enable a society . A frequent claim about cryptocurrencies is that they can enable a better society than fiat. The proof is in the pudding.
The NFT fad has definitely turned me off as it seems totally bonkers, also the fact that the problem BTC is supposedly solving constantly changes based on whatever gets people to put money into it. Add to this exchanges / tether printing manipulating the price and i'm pretty bearish on BTC and crypto right now, seems like the only problem they are trying to solve is "how can I become ludicrously rich by writing some…
> constantly changes Suggested correction: "is constantly being expanded and added to"
The community around Bitcoin is one of the most toxic. It's the main reason I haven't bought, and won't buy, any BTC (regardless of the fact I think the tech is completely subpar). Having said that, there's plenty of really great communities around crypto that shouldn't be pooled together along with Bitcoin. Nano, for example, is probably the most hated altcoin by Bitcoin maximalists (probably because they feel threa…
Faux righteous indignation is one of the most toxic takes around.
NFTs are definitely switching me off from cryptocurrencies as I find the use of it ridiculous. Sure there are _some_ genuine use cases, but so far it's just been terrible, and does not fill me with confidence. Time will tell if NFTs are gonna become anything that's not silliness among the rich.
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Those engineers are so smart they refuse to scale Bitcoin.
No, they built some of the most well thought scaling solutions in forms of layer 2 (payment channels, lightning network, zk-rollups) and many other solutions like sharding, etc. You 're the one who refuses to see those solutions.
The community around Bitcoin is one of the most toxic. It's the main reason I haven't bought, and won't buy, any BTC (regardless of the fact I think the tech is completely subpar). Having said that, there's plenty of really great communities around crypto that shouldn't be pooled together along with Bitcoin. Nano, for example, is probably the most hated altcoin by Bitcoin maximalists (probably because they feel threa…
The issue I have (and for me it applies to crypto in general) is how difficult it's to take even the most banal statements made about it at face value. That's not to say I'm a complete sucker and don't do my research. More that I find it considerably harder to find authorities I can trust (for want of a better word) on the subject than I might with some other piece of tech.
The NFT fad has definitely turned me off as it seems totally bonkers, also the fact that the problem BTC is supposedly solving constantly changes based on whatever gets people to put money into it. Add to this exchanges / tether printing manipulating the price and i'm pretty bearish on BTC and crypto right now, seems like the only problem they are trying to solve is "how can I become ludicrously rich by writing some…
I'm not sure I understand the hate for NFTs. Don't get me wrong, the concept of NFT as currently used is completely absurd and definitely overhyped. But what is bad about it? People who spend their money on NFTs mostly do it because they got rich in the past few years gambling on BTC or ETH, and now use that money to basically tip the artists they like. Or they plan to resell the token at some point, which is pure sp…
Something everyone wants for sure, but if that's all it is, the party's gonna stop someday.
The community around Bitcoin is one of the most toxic. It's the main reason I haven't bought, and won't buy, any BTC (regardless of the fact I think the tech is completely subpar). Having said that, there's plenty of really great communities around crypto that shouldn't be pooled together along with Bitcoin. Nano, for example, is probably the most hated altcoin by Bitcoin maximalists (probably because they feel threa…
In that case "Have fun staying poor"
I have thought about this with Bitcoin: if the protocol and potential capabilities are so interesting, why is 99% of the conversation related to Bitcoin about the current price. It does make me believe that greed is the predominant driver of most Bitcoin holders, which to me makes the whole concept a lot less principled than people pretend it is.
People like to talk about money. Reminds me of this: https://xkcd.com/1138/
Without a central bank to print out money, it's unlikely for there ever to be a fractional reserve banking system in Bitcoin. Any large scale bitcoin bank exit event would completely crash the bitcoin economy.