3 ms·

None of these are experiments with the concept of money. You still transact in the exact same fundamental way as with traditional online payments, just 1000x wo

None of these are experiments with the concept of money. You still transact in the exact same fundamental way as with traditional online payments, just 1000x worse. 99.9% of this "experimentation" is simply companies tying ownership of a token to a permission to access a web service. And the remainder of it are clueless tech brained morons finding ways to re-invent financial instruments (like residuals, profit splitting, and derivation) that have been around for hundreds of years. You don't have any new insights into financial systems, you just want to be at the top of the financial system and collect rents

lui8906 4y ago
> None of these are experiments with the concept of money. You still transact in the exact same fundamental way as with traditional online payments, just 1000x worse. How involved are you in the space to make this claim? Are you staying informed? What is your highly confident language based on? Can you tease out how you come to "1000x worse"? You are incredibly confident, it leads me to believe you have some big blind points.
dageshi 4y ago
Yeah and mp3 didn't fundamentally change the fact that you still listen to music with your ears. Video codecs didn't change the fact you watch moving pictures with your eyes. But they did change an awful lot about existing industries and invented new ones. I personally have never been involved in crypto or bought anything crypto related. I have no incentive either way in its success or failure. I've just lived long enough to see what happens when stuff suddenly goes 100% digital, the pace of iteration, exploration and adoption rapidly speeds up while the costs of doing all three decreases. I think something interesting will come of it, even if I cannot say what that will be.
- dangerwill 4y ago
  For the average person there is no difference between entering credit card info into a web page and using a wallet manager to enter your crypto info into an app, except that the wallet manager is infinitely more insecure and much more cumbersome. Going from a walkman to an ipod/itunes was an actual improvement in storage capacity, usability, accessibility etc. As for holding out hope something will come out of crypto, using your example of mp3s and digital video, as soon as those were available to the general public they were RAPIDLY and enthusiastically adopted by the entire public. In the last 10+ years the crypto audience has gone from libertarians and fans of illicit drugs to libertarians, gambling addicts, and developers hoping to skill into the "next big thing".
  - dangerwill 4y ago
    And before I get a response about the insecurity of metamask: https://twitter.com/wakaflocka/status/1475709903184412675 https://twitter.com/wakaflocka/status/1475709903184412675

lui8906 4y ago

> None of these are experiments with the concept of money. You still transact in the exact same fundamental way as with traditional online payments, just 1000x worse. How involved are you in the space to make this claim? Are you staying informed? What is your highly confident language based on? Can you tease out how you come to "1000x worse"? You are incredibly confident, it leads me to believe you have some big blind points.

dageshi 4y ago

Yeah and mp3 didn't fundamentally change the fact that you still listen to music with your ears. Video codecs didn't change the fact you watch moving pictures with your eyes. But they did change an awful lot about existing industries and invented new ones. I personally have never been involved in crypto or bought anything crypto related. I have no incentive either way in its success or failure. I've just lived long enough to see what happens when stuff suddenly goes 100% digital, the pace of iteration, exploration and adoption rapidly speeds up while the costs of doing all three decreases. I think something interesting will come of it, even if I cannot say what that will be.

dangerwill 4y ago
For the average person there is no difference between entering credit card info into a web page and using a wallet manager to enter your crypto info into an app, except that the wallet manager is infinitely more insecure and much more cumbersome. Going from a walkman to an ipod/itunes was an actual improvement in storage capacity, usability, accessibility etc. As for holding out hope something will come out of crypto, using your example of mp3s and digital video, as soon as those were available to the general public they were RAPIDLY and enthusiastically adopted by the entire public. In the last 10+ years the crypto audience has gone from libertarians and fans of illicit drugs to libertarians, gambling addicts, and developers hoping to skill into the "next big thing".
- dangerwill 4y ago
  And before I get a response about the insecurity of metamask: https://twitter.com/wakaflocka/status/1475709903184412675 https://twitter.com/wakaflocka/status/1475709903184412675