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Pretty much every sentence in here is jokes, well trolled NYT: "Over long hours in [..] Settlers of Catan game nights, they talk about how cryptocurrency will
by infinity0 9y ago
Pretty much every sentence in here is jokes, well trolled NYT:
"Over long hours in [..] Settlers of Catan game nights, they talk about how cryptocurrency will [..] [change] the world order.
"[..] There are only a few winners here, and [..] [they] also remember who laughed at them and when. [..] his Facebook post from 2014 telling everyone to buy ether. [..] “It got one like.”
"[..] He said his closest friends are moving to Puerto Rico to get around paying taxes. [..] “They’re going to build a modern-day Atlantis out there,” he said. “But for me, it’s too early in my career to check out.”
"[..] “I was given this necklace and was told my net worth would go up, and it’s gone up six x since then,” he said.
"[..] Nearby is a building residents call the Crypto Crackhouse. [..] Long hallways called Bitcoin Boulevard and Ethereum Alley lead to communal bathrooms.
"[..] “My neurons are fried from all the volatility,” [..] "I’m numb to it. I’ll lose a million dollars in a day and I’m like, O.K.”
"[..] “The worse regular civilization does and the less you trust, the better crypto does,” Mr. Hummer said. "It’s almost like the ultimate short trade.”
"[..] There’s a common paranoia among the crypto-wealthy that they’ll be targeted [..] so many are obsessively secretive. [..] This also allows people to pretend to be wealthier than they are, of course.
"[..] They talk about buying Lamborghinis, the single acceptable way to spend money in the Ethereum cryptocurrency community.
"[..] “When I meet people in the normal world now, I get bored,” Mr. Hummer said. “It’s just a different level of consciousness.”
"[..] “Sometimes I think about what would happen to the future if a bomb went off at one of our meetings,” [..] “[that] would set back civilization for years.”
"[..] James Fickel, 26, lives in a high-rise with a Russian blue cat called Mr. Bigglesworth. Mr. Fickel is known in the community for “going full YOLO” and investing $400,000 when Ethereum was at 80 cents. Now, with a fortune he says is in the hundreds of millions [..]
"[..] Today, Mr. Fickel is outlining the endgame for cryptocurrency true believers. [\n] “It’s the entire world reorganizing itself,” Mr. Fickel said. “We could get rid of our armies because for the first time you’ll have people saying, ‘I want to vote for a global order.’ [..]" [..] Mr. Hummer is skeptical. [\n] “All I know is the price of ether is going to go up,” Mr. Hummer said.
"[..] Nearby was Chante Eliaszadeh, 22, a law student [..] who started the Berkeley Law Blockchain group. [\n] “Obviously the bubble’s going to burst and everyone’s going to need a lawyer,” she said.
"[..] As the holiday party filled up, a cryptocurrency rapper called CoinDaddy [..] was getting ready to perform. [\n] Formerly a commercial real estate agent, Mr. Bahmanyar works full time at CoinDaddy after becoming a self-described crypto-millionaire (“you think I would dress up like this if I wasn’t?”). “Right now all our entertainers come from outside crypto culture — not inside crypto, and we’ve got to change that,” he said.
^ LOL probably 2 best quotes of the article
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Serious points:
"[..] The goal may be decentralization, but the money is extremely concentrated. [..] 95 percent of the wealth is held by 4 percent of the owners.
"[..] Pieter Wuille, 33, a Bitcoin core developer, kept his backpack on as he wandered the party. [..] Mr. Wuille said. "This infusion of interest is bringing the wrong kind of attention. Some people believe Bitcoin can’t fail or this technology solves many more problems than it does. [..]”
"[..] Maria Lomeli, 56 [..] [a] housekeeper from Pacifica, Calif., she said she had invested $12,000 in cryptocurrencies over the last few weeks after reading about it in the news. [..] She invested $1,000. It went up. So she put in $10,000 more, she said, along with $1,000 in a currency called Litecoin. Both her children have discouraged this. [..] “And maybe I’m going to lose it,” [..] "[..] But something is telling me I can trust this generation. [..]” She had to leave the party early because parking downtown is expensive, she said. She zipped up her jacket and left on her own."
- dictum 9y agoI kinda hope it's the "harsh realm" interview (https://en.m.wikipedia.org/wiki/Grunge_speak https://en.m.wikipedia.org/wiki/Grunge_speak) of this generation.