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I didn't get the sense that the author was being satirical. I think your critique has merit though. I remember thinking the DAO hack reversal was going to be th

by doopy1 5y ago

I didn't get the sense that the author was being satirical. I think your critique has merit though. I remember thinking the DAO hack reversal was going to be the death knell for Ethereum, but it wasn't. I absolutely appreciate that most crypto is a house of cards that's being hot-glued as its built, but I'm here for it. I think it's awesome that we now have programmable money. I think it has the potential to profoundly impact the way humans interact.

skinnymuch 5y ago
Yes I agree they weren’t being satirical. I meant more in general an outsider can see that and with some bits of knowledge of Eth, can reasonably assume it is true that Ethereum is a company. Like we both have said about the reversal of the DAO hack. There were multiple reversals right? Overall, the general theme/meme of privatized profits and socialized losses is too true in cryptocurrency/NFTs/web3 for now. The NFL playoffs have had a lot of crypto commercials. FTX (valued at $18B after raising $900M), crypto.com ($700M paid for 20 years of naming rights to LA’s major Lakers stadium + Matt Damon as brand ambassador), Coinbase (market cap above $40B), Gemini ($400M invested at $7.1B valuation), Robinhood ($11B market cap), Venmo, PayPal, Cash App, some big banks have all had commercials this past weekend for crypto stuff. There were multiple celebs in the commercials too. It’s a house of cards only after the centralized power consolidating at the top. — Potential I agree with.