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>>I mean, you can make the same exact argument about any exploitation of poor people for entertainment purposes Paying poor people, who are grateful for the op

>>I mean, you can make the same exact argument about any exploitation of poor people for entertainment purposes Paying poor people, who are grateful for the opportunity to feed their family, is not exploitiation. People heeding your admonishments against 'exploitation' would lead to more suffering, and no party being better off. It's pure politicization of interactions, at the expense of actual real life humans. >>The rich folks are buying in to make a gain, not entertain themselves It's a game, with a competitive element, so obviously some proportion are playing for entertainment. >>Charles Ponzi and Bernie Madoff were just ahead of their time, apparently. Given sufficient mental gymnastics, they too could have been captains of industry. Your hyperbolic comparison, between a game with digital assets, and actual ponzi schemes, is immature. And arguing that digital assets, which become far more durable forms of property when NFTized on blockchains, can find economic utility as a store of value, is a completely reasonable argument, and your extreme reaction to this, full of snark and hyperbole, suggests your stance on this is far too motivated by emotion and bias to assess it.

deleted 5y ago
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arcticbull 5y ago
> Paying poor people, who are grateful for the opportunity to feed their family, is not exploitiation. People heeding your admonishments against 'exploitation' would lead to more suffering, and no party being better off. It's pure politicization of interactions, at the expense of actual real life humans. I mean it depends on what you’re paying them to do and how much you’re paying them. Axie “players” now make on average less than minimum wage in the Philippines and continued earnings depends on more people buying into the ponzi. > Your hyperbolic comparison, between a game with digital assets, and actual ponzi schemes, is immature. The economics are clear and you haven’t really disputed them except by invoking the intangible magic of the blockchain and digital assets.
- CryptoPunk 5y ago
  >>Axie “players” now make on average less than minimum wage in the Philippines and continued earnings depends on more people buying into the ponzi. The minimum wage in the PH is zero, with millions unemployed, and many more than normal, due to lockdown restrictions. Axie saved many lives, and if you were to put aside your agenda, and objectively study this, you'd find out how many people in the Philippines who were on the brink are grateful for the lifeline Axie provided them. >>The economics are clear and you haven’t really disputed them except by invoking the intangible magic of the blockchain and digital assets. Collectibles don't suddenly become "ponzi schemes" (!) when they become digital or are issued on blockchains. Your analogy is absurd, but I suppose that's ok, given the abundance of hyperbole on the pro-blockchain side.

deleted 5y ago

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arcticbull 5y ago

> Paying poor people, who are grateful for the opportunity to feed their family, is not exploitiation. People heeding your admonishments against 'exploitation' would lead to more suffering, and no party being better off. It's pure politicization of interactions, at the expense of actual real life humans. I mean it depends on what you’re paying them to do and how much you’re paying them. Axie “players” now make on average less than minimum wage in the Philippines and continued earnings depends on more people buying into the ponzi. > Your hyperbolic comparison, between a game with digital assets, and actual ponzi schemes, is immature. The economics are clear and you haven’t really disputed them except by invoking the intangible magic of the blockchain and digital assets.

CryptoPunk 5y ago
>>Axie “players” now make on average less than minimum wage in the Philippines and continued earnings depends on more people buying into the ponzi. The minimum wage in the PH is zero, with millions unemployed, and many more than normal, due to lockdown restrictions. Axie saved many lives, and if you were to put aside your agenda, and objectively study this, you'd find out how many people in the Philippines who were on the brink are grateful for the lifeline Axie provided them. >>The economics are clear and you haven’t really disputed them except by invoking the intangible magic of the blockchain and digital assets. Collectibles don't suddenly become "ponzi schemes" (!) when they become digital or are issued on blockchains. Your analogy is absurd, but I suppose that's ok, given the abundance of hyperbole on the pro-blockchain side.