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From another article on the same topic https://www.theguardian.com/technology/2022/apr/14/twitter-nft-jack-dorsey-sina-estavi https://www.theguardian.com/techno

From another article on the same topic https://www.theguardian.com/technology/2022/apr/14/twitter-nft-jack-dorsey-sina-estavi https://www.theguardian.com/technology/2022/apr/14/twitter-n...: > Man who paid $2.9m for NFT of Jack Dorsey’s first tweet set to lose almost $2.9m > ‘This is the Mona Lisa of the digital world’, says crypto entrepreneur Sina Estavi who bought the NFT in March 2021 This is a good example of why so many people don't take cryptocurrency seriously. It full of hype men who spout transparent BS like the above quote, though most don't have millions to blow to get into the news like this.

ALittleLight 5y ago
A Peter Thiel quote - "The something of somewhere is often the nothing of nowhere."
- greesil 5y ago
  Hindsight is 20/20, which is why you never see the crystal ball flying at your head until it's too late -- also Peter Thiel, probably.
  - eli 5y ago
    A lot of people had the foresight to see that an NFT of an old tweet was a bad investment at the time.
    - greesil 5y ago
      The grift could have gone on for much longer.
  - xiphias2 5y ago
    He made a great talk at the Bitcoin conference last week: https://youtu.be/wmBieQpuysM https://youtu.be/wmBieQpuysM
- giraffe_lady 5y ago
  lmao what
- tablespoon 5y ago
  Not being familiar with that quote, it's definitely one that is nearly meaningless on its own and requires more explanation to interpret correctly: https://venturebeat.com/2014/10/09/how-peter-thiel-teaches-stanford-students-to-create-billion-dollar-monopolies-in-3-quotes/ https://venturebeat.com/2014/10/09/how-peter-thiel-teaches-s... > Thiel is also not a fan of defining yourself in relation to something else, like the ‘Uber of dog sitters.’ Claiming to be the Stanford of North Dakota doesn’t mean that the school is good. “The something of somewhere is mostly just the nothing of nowhere.” As an aside, if vapid quotespiration is your thing, here's the first google result for "The something of somewhere is often the nothing of nowhere": https://quotefancy.com/quote/1583769/Peter-Thiel-The-something-of-somewhere-is-mostly-just-the-nothing-of-nowhere https://quotefancy.com/quote/1583769/Peter-Thiel-The-somethi... (proof: https://web.archive.org/web/20220418155400/https://www.google.com/search?q=The+something+of+somewhere+is+often+the+nothing+of+nowhere https://web.archive.org/web/20220418155400/https://www.googl...).
colpabar 5y ago
This is a genuine question - should anyone take cryptocurrency seriously? To me, the only purpose of it is to make money. It's the stock market, but with less rules, and it's 24/7. People will say that crypto is important because it's decentralized and non-fiat or whatever, with the implication being that it's not controlled by a government. But we have seen time and time again that that isn't true, and if a government wants to freeze your crypto assets, they can do so easily. So in all seriousness, what is the point of crypto, other than a "new stock market"?
- toomuchtodo 5y ago
  If you want to speculate on a digital asset with limited regulation around the market, sure, it is fine for that. For any other purpose, no.
  - poiuiopkj 5y ago
    Except for the ability to easily take assets across borders to leave authoritarian regimes, bringing a form of storing assets to the 2 billion or so unbanked individuals of the world, and comparatively cheap remittances for people sending money back to their families in another country. These are just a few worth mentioning that quite literally change people's lives.
- miracle2k 5y ago
  > But we have seen time and time again that that isn't true, and if a government wants to freeze your crypto assets, they can do so easily. We have seen no such thing. The claim is not that the government can't put your wallet on a blacklist in an attempt to ban local companies from serving you. Nor is the claim that the government can't come to your home and arrest you, nor that they can't have your server taken down where you store your private keys. These things happen, but it is unreasonable to ask cryptocurrencies to protect you from real world violence, anymore than encryption is useless because someone can use a hammer.
  - deleted 5y ago
    [deleted]
eric_cc 5y ago
NFT art pointers != crypto != bitcoin
snarf21 5y ago
Sometimes you're on the wrong end of the pump & dump.
berberous 5y ago
This is transparent BS even to those who take cryptocurrency seriously like me. Judging the entire space by the worst of it is stupid IMO. It’s like saying nobody should take any startups seriously because of Theranos or Juicero.

ALittleLight 5y ago

A Peter Thiel quote - "The something of somewhere is often the nothing of nowhere."

greesil 5y ago
Hindsight is 20/20, which is why you never see the crystal ball flying at your head until it's too late -- also Peter Thiel, probably.
- eli 5y ago
  A lot of people had the foresight to see that an NFT of an old tweet was a bad investment at the time.
  - greesil 5y ago
    The grift could have gone on for much longer.
- xiphias2 5y ago
  He made a great talk at the Bitcoin conference last week: https://youtu.be/wmBieQpuysM https://youtu.be/wmBieQpuysM
giraffe_lady 5y ago
lmao what
tablespoon 5y ago
Not being familiar with that quote, it's definitely one that is nearly meaningless on its own and requires more explanation to interpret correctly: https://venturebeat.com/2014/10/09/how-peter-thiel-teaches-stanford-students-to-create-billion-dollar-monopolies-in-3-quotes/ https://venturebeat.com/2014/10/09/how-peter-thiel-teaches-s... > Thiel is also not a fan of defining yourself in relation to something else, like the ‘Uber of dog sitters.’ Claiming to be the Stanford of North Dakota doesn’t mean that the school is good. “The something of somewhere is mostly just the nothing of nowhere.” As an aside, if vapid quotespiration is your thing, here's the first google result for "The something of somewhere is often the nothing of nowhere": https://quotefancy.com/quote/1583769/Peter-Thiel-The-something-of-somewhere-is-mostly-just-the-nothing-of-nowhere https://quotefancy.com/quote/1583769/Peter-Thiel-The-somethi... (proof: https://web.archive.org/web/20220418155400/https://www.google.com/search?q=The+something+of+somewhere+is+often+the+nothing+of+nowhere https://web.archive.org/web/20220418155400/https://www.googl...).

colpabar 5y ago

This is a genuine question - should anyone take cryptocurrency seriously? To me, the only purpose of it is to make money. It's the stock market, but with less rules, and it's 24/7. People will say that crypto is important because it's decentralized and non-fiat or whatever, with the implication being that it's not controlled by a government. But we have seen time and time again that that isn't true, and if a government wants to freeze your crypto assets, they can do so easily. So in all seriousness, what is the point of crypto, other than a "new stock market"?

toomuchtodo 5y ago
If you want to speculate on a digital asset with limited regulation around the market, sure, it is fine for that. For any other purpose, no.
- poiuiopkj 5y ago
  Except for the ability to easily take assets across borders to leave authoritarian regimes, bringing a form of storing assets to the 2 billion or so unbanked individuals of the world, and comparatively cheap remittances for people sending money back to their families in another country. These are just a few worth mentioning that quite literally change people's lives.
miracle2k 5y ago
> But we have seen time and time again that that isn't true, and if a government wants to freeze your crypto assets, they can do so easily. We have seen no such thing. The claim is not that the government can't put your wallet on a blacklist in an attempt to ban local companies from serving you. Nor is the claim that the government can't come to your home and arrest you, nor that they can't have your server taken down where you store your private keys. These things happen, but it is unreasonable to ask cryptocurrencies to protect you from real world violence, anymore than encryption is useless because someone can use a hammer.
- deleted 5y ago
  [deleted]

eric_cc 5y ago

NFT art pointers != crypto != bitcoin

snarf21 5y ago

Sometimes you're on the wrong end of the pump & dump.

berberous 5y ago

This is transparent BS even to those who take cryptocurrency seriously like me. Judging the entire space by the worst of it is stupid IMO. It’s like saying nobody should take any startups seriously because of Theranos or Juicero.