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The unstated argument here is whether the extra-judicial quasi-ethical use-cases for crypto (donations for SciHub, payments for NSFW artists) are worth the curr
by captn3m0 5y ago
The unstated argument here is whether the extra-judicial quasi-ethical use-cases for crypto (donations for SciHub, payments for NSFW artists) are worth the current valuations in the space.
I don’t think so. Most NFTs I’ve seen are not for art that would get booted off Patreon or DeviantArt. Is the additional complexity and weirdness and loss of legal protections worth the extra hassles that crypto brings even when existing payment workflows work well - I say no, but we’ll find out.
- Vetch 5y agoIs it worth the current violations? My personal opinion is no, but the price movements also don't make any sense to me. But I also feel I might value it more than you? As it depends on where you're coming from. There are parts of the world (like where I live) where there is no meaningful sense of legal protections or rule of law. Things hang together because people are in general, not that foolish or malicious. The added complexities, risk, instabilities can be more worth paying given for example, heavy inflation (for such people participation is not speculative as price stability is more important than rise) or friction in global financial transactions.