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No one in the media seems to still question if cryptocurrencies are serious investment assets despite little actual proven utility beyond being a speculative in

No one in the media seems to still question if cryptocurrencies are serious investment assets despite little actual proven utility beyond being a speculative investment asset.

caslon 5y ago
>Why Cryptocurrency Is A Giant Fraud >Speculators might make money on it, but the arguments for its usefulness fail completely. https://www.currentaffairs.org/2021/04/why-cryptocurrency-is-a-giant-fraud https://www.currentaffairs.org/2021/04/why-cryptocurrency-is... >Bitcoin is the greatest scam in history >It’s a colossal pump-and-dump scheme, the likes of which the world has never seen. https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocu... >The Great Cryptocurrency Scam https://www.forbes.com/sites/jayadkisson/2018/11/20/the-great-cryptocurrency-scam/ https://www.forbes.com/sites/jayadkisson/2018/11/20/the-grea... >Dogecoin Creator Says Crypto Is a Scam >Jackson Palmer went on Twitter for the first time in two years to remind us that the wealthy are ruining everything—even cryptocurrency. https://gizmodo.com/dogecoin-creator-says-crypto-is-a-scam-1847292956 https://gizmodo.com/dogecoin-creator-says-crypto-is-a-scam-1...
- johnebgd 5y ago
  Articles you cited are from years ago or a contributor (not an employee) of Forbes. I met Jackson Palmer in 2017/2018 and he had a level head for looking through this mania. Even the Tether fraud hasn’t stopped the Bitcoin buying frenzy.
  - caslon 5y ago
    The first one was from under a year ago.
  - brianobush 5y ago
    > Even the Tether fraud hasn’t stopped the Bitcoin buying frenzy. OT, but why would Tether impact Bitcoin? They are totally different use cases of crypto.
    - antishatter 5y ago
      The market structure allows tether to be printed and then to pump Bitcoin. So it doesn’t matter what the use case is.
ekanes 5y ago
I’d like to bet someone on this. If you or others are interested maybe we can refine a wager. :) I’m thinking that in 7 years there will be something built with blockchain tech (not cryptocurrency) that is used by 10M people? (I know you said cryptocurrencies but many people conflate the two and feel it’s all bogus..)
- mkr-hn 5y ago
  Anyone could win instantly by pointing out git. The hype is new, but not the concept.
  - CRConrad 5y ago
    Is git fueled by superfluous energy-wasting (=environment-destroying) "proof of work"?!?
    - ilikepi 5y ago
      There's a decent amount of bike-shedding over which workflow is the best, and that is a sort of inefficient "fuel" for git as a tool at some level...
  - Cederfjard 5y ago
    What definition do you have of blockchain tech that git fits into it?
    - throwawaylinux 5y ago
      From https://en.wikipedia.org/wiki/Blockchain https://en.wikipedia.org/wiki/Blockchain "A blockchain is a growing list of records, called blocks, that are linked together using cryptography.[1][2][3][4] Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree). [etc]" Do you have a definition that git doesn't fit into (without getting too pedantic, e.g., git being a DAG of records rather than a list)?

No one in the media seems to still question if cryptocurrencies are serious investment assets despite little actual proven utility beyond being a speculative investment asset.

caslon 5y ago

>Why Cryptocurrency Is A Giant Fraud >Speculators might make money on it, but the arguments for its usefulness fail completely. https://www.currentaffairs.org/2021/04/why-cryptocurrency-is-a-giant-fraud https://www.currentaffairs.org/2021/04/why-cryptocurrency-is... >Bitcoin is the greatest scam in history >It’s a colossal pump-and-dump scheme, the likes of which the world has never seen. https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocurrency-mining-pump-dump-fraud-ico-value https://www.vox.com/2018/4/24/17275202/bitcoin-scam-cryptocu... >The Great Cryptocurrency Scam https://www.forbes.com/sites/jayadkisson/2018/11/20/the-great-cryptocurrency-scam/ https://www.forbes.com/sites/jayadkisson/2018/11/20/the-grea... >Dogecoin Creator Says Crypto Is a Scam >Jackson Palmer went on Twitter for the first time in two years to remind us that the wealthy are ruining everything—even cryptocurrency. https://gizmodo.com/dogecoin-creator-says-crypto-is-a-scam-1847292956 https://gizmodo.com/dogecoin-creator-says-crypto-is-a-scam-1...

johnebgd 5y ago
Articles you cited are from years ago or a contributor (not an employee) of Forbes. I met Jackson Palmer in 2017/2018 and he had a level head for looking through this mania. Even the Tether fraud hasn’t stopped the Bitcoin buying frenzy.
- caslon 5y ago
  The first one was from under a year ago.
- brianobush 5y ago
  > Even the Tether fraud hasn’t stopped the Bitcoin buying frenzy. OT, but why would Tether impact Bitcoin? They are totally different use cases of crypto.
  - antishatter 5y ago
    The market structure allows tether to be printed and then to pump Bitcoin. So it doesn’t matter what the use case is.

ekanes 5y ago

I’d like to bet someone on this. If you or others are interested maybe we can refine a wager. :) I’m thinking that in 7 years there will be something built with blockchain tech (not cryptocurrency) that is used by 10M people? (I know you said cryptocurrencies but many people conflate the two and feel it’s all bogus..)

mkr-hn 5y ago
Anyone could win instantly by pointing out git. The hype is new, but not the concept.
- CRConrad 5y ago
  Is git fueled by superfluous energy-wasting (=environment-destroying) "proof of work"?!?
  - ilikepi 5y ago
    There's a decent amount of bike-shedding over which workflow is the best, and that is a sort of inefficient "fuel" for git as a tool at some level...
- Cederfjard 5y ago
  What definition do you have of blockchain tech that git fits into it?
  - throwawaylinux 5y ago
    From https://en.wikipedia.org/wiki/Blockchain https://en.wikipedia.org/wiki/Blockchain "A blockchain is a growing list of records, called blocks, that are linked together using cryptography.[1][2][3][4] Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree). [etc]" Do you have a definition that git doesn't fit into (without getting too pedantic, e.g., git being a DAG of records rather than a list)?