4 ms·

It's interesting to me, I've never bought a single crypto thing of any type but I look at the speed it's developing and popularity and it reminds me of the inte

It's interesting to me, I've never bought a single crypto thing of any type but I look at the speed it's developing and popularity and it reminds me of the internet circa early 2000's when things were moving fast. The internet nowadays is a bit stale by comparison, crypto seems to be where the action and energy is.

prestigious 5y ago
Absolutely it is. I turned $2000 into $200,000 in NFTs this summer and its just the beginning. It definitely has a Web 2.0 feel
- AnIdiotOnTheNet 5y ago
  I think it says a lot that the only thing you could mention about the technology was that you made money selling it. In what way did you make the world a better place? Oh shit, sorry, I forgot: tech is about money, fuck the world.
mgh2 5y ago
The internet was really useful back in the days though, even for skeptics. Crypto is still an idea searching for a problem (not discounting the possibility that it won't find one though). At this point, it seems like pure promotion, marketing & propaganda fueled by social media, a negative externality of the internet itself. Simple equation: trash in, trash out. But sure, "a man's trash can be another's treasure". Note: Visa's strategy is a no brainer as a business move. 150k is nothing on their marketing budget to gain exposure & PR targeting generation Z and millennials (future customers). Even if it fails, this acquisition has value as a stance because their customers (young adopters and old investors) want to be "supported", at least ideologically. Ex: "Progressive", "We were on your side, remember?" I suggest reading their marketing whitepaper: https://usa.visa.com/content/dam/VCOM/regional/na/us/Solutions/documents/visa-nft-whitepaper.pdf https://usa.visa.com/content/dam/VCOM/regional/na/us/Solutio...
- ipaddr 5y ago
  That was the internet in the beginning as well. For the average person in 1996/98/20 computers and the internet did not offer anything. Today cryto provides the only way to perform a money transaction outside of the censored markets. An example, onlyfans, poor hub decided to ditch a type of content to please visa/mastercard. Cryto would allow society to ignore forced morals on money transactions. If what onlyfans provide is legal visa should not be allowed to shut them down on moral terms. It may not be useful to you. The internet wasn't useful to most in 1995. It might be more useful in a few years where the masses have joined and the network effect is in place. I remember when computers were seen as not useful in the 80s.. a toy that could do very little. Things change quickly.
  - mgh2 5y ago
    Are you suggesting that it is only useful to criminals? I am surprised you did not even mention the poor on 3rd world countries - unless this is too, a marketing stunt by the crypto community.
    - ipaddr 5y ago
      I didn't mention criminals but I did refer to onlyfans and pornhub which are real businesses in a legal sense but get refused credit card processing because they are taboo topics. Criminals, the third world, a certain class of the first world all users use it. Who knows what the future holds but the next few years might be more marketing vs technology improvements in cryto. The problem with adoption is a big one to tackle next and moves like this help.
- woofster 5y ago
  dude I buy my drugs with BTC, what problem you tryin to search?

prestigious 5y ago

Absolutely it is. I turned $2000 into $200,000 in NFTs this summer and its just the beginning. It definitely has a Web 2.0 feel

AnIdiotOnTheNet 5y ago
I think it says a lot that the only thing you could mention about the technology was that you made money selling it. In what way did you make the world a better place? Oh shit, sorry, I forgot: tech is about money, fuck the world.

mgh2 5y ago

The internet was really useful back in the days though, even for skeptics. Crypto is still an idea searching for a problem (not discounting the possibility that it won't find one though). At this point, it seems like pure promotion, marketing & propaganda fueled by social media, a negative externality of the internet itself. Simple equation: trash in, trash out. But sure, "a man's trash can be another's treasure". Note: Visa's strategy is a no brainer as a business move. 150k is nothing on their marketing budget to gain exposure & PR targeting generation Z and millennials (future customers). Even if it fails, this acquisition has value as a stance because their customers (young adopters and old investors) want to be "supported", at least ideologically. Ex: "Progressive", "We were on your side, remember?" I suggest reading their marketing whitepaper: https://usa.visa.com/content/dam/VCOM/regional/na/us/Solutions/documents/visa-nft-whitepaper.pdf https://usa.visa.com/content/dam/VCOM/regional/na/us/Solutio...

ipaddr 5y ago
That was the internet in the beginning as well. For the average person in 1996/98/20 computers and the internet did not offer anything. Today cryto provides the only way to perform a money transaction outside of the censored markets. An example, onlyfans, poor hub decided to ditch a type of content to please visa/mastercard. Cryto would allow society to ignore forced morals on money transactions. If what onlyfans provide is legal visa should not be allowed to shut them down on moral terms. It may not be useful to you. The internet wasn't useful to most in 1995. It might be more useful in a few years where the masses have joined and the network effect is in place. I remember when computers were seen as not useful in the 80s.. a toy that could do very little. Things change quickly.
- mgh2 5y ago
  Are you suggesting that it is only useful to criminals? I am surprised you did not even mention the poor on 3rd world countries - unless this is too, a marketing stunt by the crypto community.
  - ipaddr 5y ago
    I didn't mention criminals but I did refer to onlyfans and pornhub which are real businesses in a legal sense but get refused credit card processing because they are taboo topics. Criminals, the third world, a certain class of the first world all users use it. Who knows what the future holds but the next few years might be more marketing vs technology improvements in cryto. The problem with adoption is a big one to tackle next and moves like this help.
woofster 5y ago
dude I buy my drugs with BTC, what problem you tryin to search?