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This seems like a really long-winded, single perspective (and perhaps even revisionist) way of justifying one possible use-case, in which the author has an obli
by skeeter2020 5y ago
This seems like a really long-winded, single perspective (and perhaps even revisionist) way of justifying one possible use-case, in which the author has an oblivious conflict of interest. Maybe he's got some ideas of what a possible future could look like, but it's hard to square this with it conveniently running through the technologies where he's invested, and there's no explanation of how the NFT exchange he was earlier trumpeting is critical to this future. I've read his posts for years and they've evolved into Andreessen Horowitz-style PR masquerading as deep & critical thought pieces.
- astoor 5y agoFor venture capitalists like the article author, the primary objective isn't fixing problems or making things better, it is about making money. He even makes this explicit in the article: "cryptonetworks align network participants to work together toward a common goal — the growth of the network and the appreciation of the token", i.e. the common goal is to not to provide useful new functionality or to improve upon things in some way, it is quite simply to get new members to join their cryptocurrency schemes and in doing so make existing members of the schemes more money. BTW, original discussion on this article from 2018: https://news.ycombinator.com/item?id=16410478 https://news.ycombinator.com/item?id=16410478