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> Cryptocurrency is sustained by a mix of money laundering, vaporware, fraud, ransomware, gambling, and delusion. It has no social benefit except helping end fi
by amingilani 5y ago
> Cryptocurrency is sustained by a mix of money laundering, vaporware, fraud, ransomware, gambling, and delusion. It has no social benefit except helping end first dates fast
> What we especially need to stress to regulators is that there's no relationship between the technical claims of cryptocurrency and our now over 13 years of experience. It's not decentralized, it's not a currency, it's not a store of value, and it's not a promising technology
> Cryptocurrency solves no problems that it didn't first create, and most of those it doesn't solve. Smart contracts are neither of those things—at worst they're an API for fraud, or as @qrs put it, self-funding bug bounties at best
Those are a lot of hasty statements made without indisputable evidence.
Edit: I'll take any evidence if indisputable evidence is too high a bar.
- sedatk 5y ago> Those are a lot of hasty statements made without indisputable evidence. That reminds me of that guy who didn't receive his package and filed a complaint to the store he bought it from. They asked for a proof that the package didn't arrive, and he replied with the photo of his empty hands.
- icelancer 5y agoIronically enough the Pinboard account is engaging in the same nonsense and rhetoric it accuses cryptocurrency supporters of, hoping no one will notice.
- dev_tty01 5y agoWhere is the "indisputable evidence" to dispute the claims of the article?
- amingilani 5y agoYou mean the thread? The onus is on them to prove their claims. See burden of proof: https://yourlogicalfallacyis.com/burden-of-proof https://yourlogicalfallacyis.com/burden-of-proof
- dev_tty01 5y agoMy position is that both sides have a burden of proof. It is incorrect to place that burden on only one side. There is no consensus on the validity of the claims of crypto proponents. I don't see either side meeting a burden of proof.
- amingilani 5y agoSorry, I'm a bit lost here. I'm talking about the claims of the OP here. Their claims in the Twitter thread are specific and they haven't provided any proof for them. I'm unsure what claims you're alluding to. But I'd love to help out as much as I can.
- aliakhtar 5y agoRefer to our conversations over the last 5 years, or even the last 2 weeks
- amingilani 5y agoI'm sorry I'm afraid I don't understand what you're talking about. Do you have me confused with someone else?
- aliakhtar 5y agoJust so others are aware, me and this guy have been 'friends' since 2015. He sent me a screenshot of this comment on Signal before he posted it. Its just his way to not address what I said.
- amingilani 5y agoI still don't quite understand what you're talking about. I hope you have a great day though.