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> There is no obvious reason why the crowd spending more time on Reddit should be more deserving than anyone else. You don't need to be on reddit. Also you can
by hanniabu 5y ago
> There is no obvious reason why the crowd spending more time on Reddit should be more deserving than anyone else.
You don't need to be on reddit. Also you can apply this logic to many things and it will sound good to people that have a bone to pick but will be flawed to everyone else analyzing it objectively.
- arcticbull 5y agoThe objective analysis is that it's an incredibly slow database with features roughly nobody needs or cares about in reality - a solution on a decade long quest for a problem. Bitcoin is probably the least efficient system humanity has ever conceived of let alone reduced to practice at scale. It's an anti-efficient anarchocapitalist game of musical chairs with the safeties off whose sole job is to redistribute wealth from late entrants to early entrants. It yields no value, and once you factor in the miners, produces negative value from the perspective of the other participants. It's an MLM scheme for the tech crowd. 125X leveraged Herbalife meets a mob casino. What I suspect the parent was saying is that the modern economic system for all its flaws rewards founders and early builders of businesses who create value for customers, not a random selection of ancaps on Reddit in 2010 who created a negative-sum MLM. It's a perversion - totally unjustifiable wealth inequality. At least you can point to Tim Cook and go, yeah, that guy created value. Giancarlo Devasini? Paolo Ardoino? Pomp? The Winkelvii? Really? Those guys? You sure?