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> "Web3" needs MORE critics, not fewer. With brand-new multi-million dollar consequence-free hacks, rug-pulls, and general pyramid schemery happening seemingly
by traveler01 5y ago
> "Web3" needs MORE critics, not fewer. With brand-new multi-million dollar consequence-free hacks, rug-pulls, and general pyramid schemery happening seemingly on the daily, the critics need to be _louder_ than all of the hucksters and deluded hopefuls.
So... in your opinion something deserves to be critizised because people use it for crimes? So, FIATs should also be critized because of that? Since people have been using those to commit all sort of crimes for decades.
Your argument is kinda invalid because it says a technology should be critized because someone are using to commit crimes.
- traveler01 5y agoDon't take me wrong, I'm all in for you to critize it, but using those arguments it's pretty much saying everything, even the e-mail could be criticized for that.
- UncleMeat 5y ago> FIATs Where did this trend of capitalizing this in crypto communities come from? It isn't an acronym or initialism. Is this some kind of weird shibboleth?
- recursive 5y agoThe car manufacturer by that name stylizes its logo in all caps. Presumably this is just shorthand for using FIAT as an example of a dinosaur technology company that hasn't seen the light of web3.
- traveler01 5y agohttps://www.investopedia.com/terms/f/fiatmoney.asp https://www.investopedia.com/terms/f/fiatmoney.asp
- recursive 5y agoThat presents the word "Fiat" in mixed case, offering no clues why some might write it as "FIAT" when they've proven to otherwise be capable of using lowercase characters.
- criddell 5y agoFor physical currency, there's the example of the 500 euro bank note that was eliminated because it was used mostly often in crime. Now there are call for the US $100 to be eliminated for the same reason.