5 ms·

Source https://www.youtube.com/watch?v=YQ_xWvX1n9g https://www.youtube.com/watch?v=YQ_xWvX1n9g

• vmception 5y ago
  • mirntyfirty 5y ago
    This makes no sense as crypto doesn’t have the same feature set as currency. It is like comparing a small number of razor scooters to the transportation network. They don’t belong in the same sentence.
    • vmception 5y ago
      correct, it has an overlapping feature set of currencies and most other asset classes simultaneously
      • mirntyfirty 5y ago
        That is also meaningless. I have an overlapping feature set with Jeff Bezos in that I’m alive and have eyebrows. This doesn’t mean that there are meaningful financial comparisons. What is your crypto position and why have you taken that position?
        • vmception 5y ago
          >That is also meaningless. I have an overlapping feature set with Jeff Bezos in that I’m alive and have eyebrows. This doesn’t mean that there are meaningful financial comparisons. oh I didn't realize you were trying to reinforce a perspective on that, in this case there also are an overlapping set of financial comparisons as well, that are inherently tied to the overlapping feature sets the only lacking thing is that a government isn't the one pushing for demand of the intermediary asset that is used to purchase other assets, and the people that are typically do not have an ability to control supply and demand or have a debt market to distort with a central bank (quoting the above because I was responding before your edit) > What is your crypto position and why have you taken that position? and for after your edit, you might be in the wrong decade for your perspective, in my world what you're asking is like trying to prove I can't be a good source about US equities (or perhaps, currencies) based on whether I owned a stock (or a dollar) at some time in time and don't really debate about their mere existence - as opposed to acknowledging their existence and availability and would maybe debate about a specific one if compelled
          • deleted 5y ago
            [deleted]
        • vmception 5y ago
          saw your flagged response, from your source it is defined as: "The Gish gallop is a rhetorical technique in which a person in a debate attempts to overwhelm their opponent by providing an excessive number of arguments with no regard for the accuracy or strength of those arguments." since I was responding in good faith and wasn't making any argument as opposed to a valid reality that's easy to experience, is this is a cognitive limitation for you to feel as if you have been overwhelmed by excessive number of arguments? because that would say more about you and your ability to have this conversation at all, like maybe your worldview is incapable of being more plastic
    • actually_a_dog 5y ago
      That's true. Traditional currencies rely on the full faith and credit of some institution in order to convey value. I have yet to come across a cryptocurrency that has any meaningful story to tell me as to why it should have any value whatsoever. Take Bitcoin as an example. People acquire BTC either when someone else transfers it to them (generally as a form of payment), or when their computer solves some useless math problem. I don't care about silly math problems, and the fact that you think it has value doesn't show me why I should think it has value. I could see this "social proof" theory as a valid reason to believe BTC has value if enough people believed it, but that would essentially require that BTC be as ubiquitous as USD. If I can't pay my rent, buy gas, and hit up the local dispensary, and pay my taxes with BTC, the social proof theory doesn't apply strongly enough for me to even consider BTC a real currency. And, the story is even worse if you apply it to any of the more obscure cryptocurrencies (e.g. Monero, Dogecoin).
      • aaaaaaaaata 5y ago
        Spend the time writing paragraphs reading about the adoption of cryptocurrency at the corpo level, you'll see the stuff you're asking for taking shape. Bitrefill, movie theaters taking majors + Dogecoin, etc
        • actually_a_dog 5y ago
          Way to completely miss the point. The fact is that a "currency" that isn't usable as currency isn't a currency. If I can't go about my day using it, it's simply not useful, and currency ultimately derives its value from its utility.
• birracerveza 5y ago
  NFT != cryptocurrency
  • Inityx 5y ago
    The video goes into great detail about cryptocurrency