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The Thiel Fellowship allowed Vitalik to drop out of school and work full time on ETH. And that's just one of the recipients.
by FanaHOVA 5y ago
The Thiel Fellowship allowed Vitalik to drop out of school and work full time on ETH. And that's just one of the recipients.
- gaze 5y agowhy is that a good thing?
- fastball 5y agoSeems fairly equivalent to funding a new building at a university that is already mostly populated by rich kids, who by and large are doing things less useful to society than building a decentralized computing platform used around the world.
- arkitaip 5y agoBecause building for the privileged is the only thing the filthy rich can do. That or funding a shitty decentralized platform.
- deleted 5y ago[deleted]
- dnautics 5y agoAlthough I'm a pretty huge skeptic of the performance of the thiel fellowship (knowing some fellows personally and also knowing some of the showrunners), I don't think calling it a rich kid's club is fair, with the exception of Austin Russel.
- fastball 5y agoI was calling universities a rich kid's club (esp. the ones that get the most gifts from the megarich). Trying to make the point that, while the Thiel Fellowship may not be objectively "good", it seems at least as good or better than the OC's suggestion that it is preferable for the megarich to fund things like universities.
- dnautics 5y agoSorry, I misread.
- gaze 5y agoah yes the two things you can do with lots of money -- giving it to a university and doing the thiel fellowship
- Afforess 5y agoThat's like saying the foundation supported a scientist working on building more coal-fired power plants. ETH, along with crypto in general, is harmful to society. Weird flex.
- j_walter 5y agoETH will be POS soon, and like any invention in the beginning there are issues that need to be worked out to prevent more harm than good.
- misiti3780 5y agoPOS?
- sokoloff 5y agoProof-of-stake (rather than the more energy intensive proof-of-work). https://www.investopedia.com/terms/p/proof-stake-pos.asp https://www.investopedia.com/terms/p/proof-stake-pos.asp
- xkjkls 5y agoI've been hearing ETH will be POS for 3 years. When is this actually going to occur.
- hanniabu 5y agoIt's already in transition with the beacon chain and is expected to full PoS end of this year or Q1 next year.
- fastball 5y agoThat's your opinion, which is not shared by a great many people.
- whydoibother 5y agoMost people are barely aware of crypto, let alone the negative effects of it. Once people become more informed, hopefully more and more people will see what a plague on society it is.
- prezjordan 5y agoI don't think it's necessary to debate ETH as a public good but... Vitalik is by far the most impactful recipient of the fellowship grant so "just one of the recipients" is doing a lot of work here.
- deleted 5y ago[deleted]
- missedthecue 5y agoThe founder of Ocean Cleanup, a nonprofit that engineers technology to clean the oceans is one recipient. https://en.wikipedia.org/wiki/The_Ocean_Cleanup https://en.wikipedia.org/wiki/The_Ocean_Cleanup Founder of Figma is another. https://en.wikipedia.org/wiki/Figma_(software) https://en.wikipedia.org/wiki/Figma_(software)
- quickthrower2 5y ago$100k for him is a punt. Like me spending $10. In return he possibly gets reciprocity from future successful businesses.
- gravypod 5y agoWow, Figma is one of the best UI/UX design tools I've ever used. That's very interesting.
- xkjkls 5y agoWhat else has the Thiel Fellowship created other than Vitalik and ETH? I'm not sure we can judge the success of it on it's single most impactful result.
- dnautics 5y agoThe fellowship did not create vitalik and eth; he was giving talks about it on the crypto circuit before he accepted a fellowship.
- fastball 5y agoHere is a list: https://en.wikipedia.org/wiki/Thiel_Fellowship#Recipients https://en.wikipedia.org/wiki/Thiel_Fellowship#Recipients
- programmarchy 5y agoThere’s quite a few impressive fellows. Founder of Figma is probably one you’ve heard about.
- knz_ 5y agoThat's not a positive. Ethereum is a premined scam coin.