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And there are cryptos like Nano that fulfill this original promise. Technology evolves over time. Just because its not perfect at the first go, doesn’t mean it

And there are cryptos like Nano that fulfill this original promise. Technology evolves over time. Just because its not perfect at the first go, doesn’t mean it should go in the trash.

ashtonkem 6y ago
> Just because it’s not perfect at the first go, doesn’t mean it should go in the trash The converse is also true; just because it’s an improvement over past failures doesn’t mean that it’ll actually work. My issue with crypto has always been fundamental; I don’t think crypto fans really have a good grasp on what motivates the average person, because most crypto fans[0] are ideologues, and like many ideologues they struggle to recognize that not everyone shares their values. Decentralized and trust-less speaks to engineers, but your average person has no idea what that means and doesn’t really care either. Plus a lot of the consequences of crypto currency design are absolute anti-features from a consumer perspective; nobody wants to find out that losing their password means that they’re broke, or that they can’t reverse a fraudulent charge. Your average consumer wants those features, and is willing to give up decentralization, something they didn’t value, to get it. 0 - At least those fans of crypto that want to see it used as currency. As compared to those crypto fans that want to do whatever it takes to make the number go up.
- jakupovic 6y ago
  Is Elon Musk bitcoin fan? How about Mass Mutual? BNYM? Pretty funny the language used, fans, seriously 6th most valued currency in the world is relegated to plush babies status. At least people have stopped with the tulips and that talk. Same talk and yet bitcoin acceptance keeps growing day by day, how do you explain that? Is everyone else wrong?
  - ashtonkem 6y ago
    > Is Elon Musk a[sic] Bitcoin fan? Yes. He also is a Twitter shitposter who got in trouble with the SEC for promising to take Tesla private at $420 a share, a number he picked because it was funny, and was also involved in the GME nonsense a few weeks back. If you’re pointing to men like him as serious figures pushing for bitcoin’s adoption, then it’s time to stop and rethink a lot of things. > yet Bitcoin acceptance keeps growing say by day, how do you explain that? Bitcoin speculation grows day by day. People want to get rich (in USD I’ll point out) with it. Actual usage of Bitcoin as a currency is not growing. As always, gimme a call when I can buy a latte and groceries with it. I’ve seen literally one place with a “we take Bitcoin” sticker, and the receptionist had absolutely no idea why it was there or what it meant. > Is everyone else wrong? Why couldn’t they be?
    - jakupovic 6y ago
      >As always, gimme a call when I can buy a latte and groceries with it. Same problem as when you're in let's say Uzbekistan and only have Rubles, an exchange has to happen in order to spend your Rubles in local currency. Not going to try and disuade your from your position but bitcoin is not going anywhere and might as well accept it.
      - ashtonkem 6y ago
        Why do I have to "accept" a currency that nobody around me is willing to receive in exchange for the goods and services that I want? Heck, why do I need to "accept" anything about a currency at all? I didn't "accept" credit cards into my life or world view, I just got one when it was convenient for me. It's supposed to be money, not a religion. I don't need to accept bitcoin into my heart, or something strange like that.
        jakupovic 6y ago
        > didn't "accept" credit cards into my life or world view, I just got one when it was convenient for me. That's all I'm implying with accepting. You'll get bitcoin when it makes sense for you. Nobody is forcing you to do anything, but like I said bitcoin is here and your lack of acceptance doesn't hinder it.
StavrosK 6y ago
I wish cryptocurrency payment processors supported many more coins, but I understand how they can't support everyone's pet coin. I do wish I could pay for more things with Nano, though, it's amazing how you can pay for things instantly without any fee.

And there are cryptos like Nano that fulfill this original promise. Technology evolves over time. Just because its not perfect at the first go, doesn’t mean it should go in the trash.

ashtonkem 6y ago

> Just because it’s not perfect at the first go, doesn’t mean it should go in the trash The converse is also true; just because it’s an improvement over past failures doesn’t mean that it’ll actually work. My issue with crypto has always been fundamental; I don’t think crypto fans really have a good grasp on what motivates the average person, because most crypto fans[0] are ideologues, and like many ideologues they struggle to recognize that not everyone shares their values. Decentralized and trust-less speaks to engineers, but your average person has no idea what that means and doesn’t really care either. Plus a lot of the consequences of crypto currency design are absolute anti-features from a consumer perspective; nobody wants to find out that losing their password means that they’re broke, or that they can’t reverse a fraudulent charge. Your average consumer wants those features, and is willing to give up decentralization, something they didn’t value, to get it. 0 - At least those fans of crypto that want to see it used as currency. As compared to those crypto fans that want to do whatever it takes to make the number go up.

jakupovic 6y ago
Is Elon Musk bitcoin fan? How about Mass Mutual? BNYM? Pretty funny the language used, fans, seriously 6th most valued currency in the world is relegated to plush babies status. At least people have stopped with the tulips and that talk. Same talk and yet bitcoin acceptance keeps growing day by day, how do you explain that? Is everyone else wrong?
- ashtonkem 6y ago
  > Is Elon Musk a[sic] Bitcoin fan? Yes. He also is a Twitter shitposter who got in trouble with the SEC for promising to take Tesla private at $420 a share, a number he picked because it was funny, and was also involved in the GME nonsense a few weeks back. If you’re pointing to men like him as serious figures pushing for bitcoin’s adoption, then it’s time to stop and rethink a lot of things. > yet Bitcoin acceptance keeps growing say by day, how do you explain that? Bitcoin speculation grows day by day. People want to get rich (in USD I’ll point out) with it. Actual usage of Bitcoin as a currency is not growing. As always, gimme a call when I can buy a latte and groceries with it. I’ve seen literally one place with a “we take Bitcoin” sticker, and the receptionist had absolutely no idea why it was there or what it meant. > Is everyone else wrong? Why couldn’t they be?
  - jakupovic 6y ago
    >As always, gimme a call when I can buy a latte and groceries with it. Same problem as when you're in let's say Uzbekistan and only have Rubles, an exchange has to happen in order to spend your Rubles in local currency. Not going to try and disuade your from your position but bitcoin is not going anywhere and might as well accept it.
    - ashtonkem 6y ago
      Why do I have to "accept" a currency that nobody around me is willing to receive in exchange for the goods and services that I want? Heck, why do I need to "accept" anything about a currency at all? I didn't "accept" credit cards into my life or world view, I just got one when it was convenient for me. It's supposed to be money, not a religion. I don't need to accept bitcoin into my heart, or something strange like that.
      - jakupovic 6y ago
        > didn't "accept" credit cards into my life or world view, I just got one when it was convenient for me. That's all I'm implying with accepting. You'll get bitcoin when it makes sense for you. Nobody is forcing you to do anything, but like I said bitcoin is here and your lack of acceptance doesn't hinder it.

StavrosK 6y ago

I wish cryptocurrency payment processors supported many more coins, but I understand how they can't support everyone's pet coin. I do wish I could pay for more things with Nano, though, it's amazing how you can pay for things instantly without any fee.