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Uber is a company that provides a highly useful service. Bitcoin is just a decentralized long con.

seibelj 7y ago
You can make an argument against the asset itself and it’s utility. But parent was arguing that the fact early adopters captured a majority of the gains makes Bitcoin evil doesn’t make sense to me. I’m happy that crypto nerds won this time over the usual suspects of VCs, family funds, etc.
- loceng 7y ago
  What value has Bitcoin et al brought anyone other than earning them "profit" because they were earlier in the Pyramid-Ponzi scheme - or at a low point before price went up and sold before the bubble(s) popped?
  - roboys 7y ago
    This ponzi has better rules than the ponzi your government created for you by default. It is as simple as that.
    - loceng 7y ago
      Very easy to argue that's not the case.
  - seba_dos1 7y ago
    Ok, I'm not a huge fan of the crypto craze, but ignoring providing a solution to the problem of trust in decentralized networks and implementing a working payment network on top of that is just a blatant ignorance. The solution is massively unelegant and unlikely to be worth so much long-term as markets are predicting now, but it definitely does provide some tangible value and it's pretty stupid to imply otherwise.
    - loceng 7y ago
      Simply asking for what value has Bitcoin et al provided isn't the same as a statement that states it doesn't cover some areas of value, however pros existing doesn't necessarily negate the cons - doesn't mean there's a net benefit to them existing. Ignoring that a solution for 'trust in decentralized networks' can't be solved in other ways, like normal real-life trust networks, where people make a decision of who they trust for this vs. having "blind trust" is in fact blatant ignorance.
loceng 7y ago
Albeit Uber is overvalued for the service they provide, and their play is one of the VC industrial complex to ramp up to high value as quickly as possible in the eyes of the financial markets (large money pool controllers) to get on stock market at unreasonable valuation, exit some early investors/founders and provide a fun lifestyle for themselves during the process - offloading risk to general public, society via the IPO etc.

You can make an argument against the asset itself and it’s utility. But parent was arguing that the fact early adopters captured a majority of the gains makes Bitcoin evil doesn’t make sense to me. I’m happy that crypto nerds won this time over the usual suspects of VCs, family funds, etc.

loceng 7y ago
What value has Bitcoin et al brought anyone other than earning them "profit" because they were earlier in the Pyramid-Ponzi scheme - or at a low point before price went up and sold before the bubble(s) popped?
- roboys 7y ago
  This ponzi has better rules than the ponzi your government created for you by default. It is as simple as that.
  - loceng 7y ago
    Very easy to argue that's not the case.
- seba_dos1 7y ago
  Ok, I'm not a huge fan of the crypto craze, but ignoring providing a solution to the problem of trust in decentralized networks and implementing a working payment network on top of that is just a blatant ignorance. The solution is massively unelegant and unlikely to be worth so much long-term as markets are predicting now, but it definitely does provide some tangible value and it's pretty stupid to imply otherwise.
  - loceng 7y ago
    Simply asking for what value has Bitcoin et al provided isn't the same as a statement that states it doesn't cover some areas of value, however pros existing doesn't necessarily negate the cons - doesn't mean there's a net benefit to them existing. Ignoring that a solution for 'trust in decentralized networks' can't be solved in other ways, like normal real-life trust networks, where people make a decision of who they trust for this vs. having "blind trust" is in fact blatant ignorance.

loceng 7y ago

Albeit Uber is overvalued for the service they provide, and their play is one of the VC industrial complex to ramp up to high value as quickly as possible in the eyes of the financial markets (large money pool controllers) to get on stock market at unreasonable valuation, exit some early investors/founders and provide a fun lifestyle for themselves during the process - offloading risk to general public, society via the IPO etc.