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I hope it ALL goes away. I completely hate this space with every vested bone in my body. Even if it takes a huge recession to wipe these cryptobros and casino

I hope it ALL goes away. I completely hate this space with every vested bone in my body. Even if it takes a huge recession to wipe these cryptobros and casino tokens out, I would be glad. Obviously would not like the collateral damage that this inflicts on all these so called small 'crypto investors' but as long as this triggers tight regulations to make these tokens, illegal, unusable and banned completely as to make the common person not touch these tokens, then that is a good thing for all humanity and we can start to concentrate on more worthwhile issues. I really hope this space gets destroyed sooner than later.

dudeinjapan 4y ago
In biblical times, God became angry at all the douchebags in the world so he caused a giant flood to kill everyone (except for Noah, who was a mensch apparently.) Spoiler alert: it didn't work. There are now more douchebags than ever before.
- maerF0x0 4y ago
  God had remorse at what he had done and made a covenant to never do it again*. One of the morals of the stories is that the means it would take to wipe evil off the earth isn't worth it. * at least that way
  - jvalencia 4y ago
    Well, also, in the Biblical account, it was too late, they were all too far gone. I would argue it's not so bad now. :-) Imagine if your Mom sacrificed your older brother, and your Father was raping your sister, and ... Crypto in that light seems benign.
  - dudeinjapan 4y ago
    He will get around to it again sooner or later.
- colesantiago 4y ago
  It needs to completely go by any means necessary. laws, regulation, education all done swiftly.
junofan 4y ago
Damn. Why? Can’t regulate the whole planet. Might be better to let go of the hate…
- deleted 4y ago
  [deleted]
- colesantiago 4y ago
  > Might be better to let go of the hate… So that more blockchain opportunists, web3 wanderers and crypto trojan horses blossom in the next cycle, chant the same 'this time is different' screed and cause another crash? No. This blockchain cycle needs to stop, now that we know that they have no solutions or usecases other than gambling.
  - lovingCranberry 4y ago
    I like buying my cocaine with BTC/Monero.
  - can16358p 4y ago
    I supported Ukraine with crypto. (in < 30 seconds, Sunday night) I've bought actual stuff I liked on Internet with crypto (the only other option was PayPal which is blocked in my country). There is sure a lot of dirty things going on on crypto but there are definitely totally legitimate use cases. You can gamble with fiat, you can gamble with crypto. You can donate/buy with fiat, you can donate/buy with crypto. I'm an opportunist who is in web3 and NFT space too, which is literally a free economy, and no one has to participate. Anyone can happily buy their NFTs if they find a value in them, and anyone can use crypto to transfer/donate money or buy things. Things can surely crash, so can fiat, stock market, or whole country economies.
    - colesantiago 4y ago
      A poor excuse to use a useless and broken system for after 15+ years is still slow at sending payments (which is supposedly the primary usecase) and is incinerating the planet doing useless computations just for fake tokens. No thanks at all, a system that does this needs to be destroyed.
bendtheblock 4y ago
Regulation can’t come soon enough. These are risky assets at best. People are getting hurt. Just think how much real tech talent has been wasted on this pointless experiment. This could have gone into fintech, greentech, healthtech, proptech etc anything else really that creates real value.
- bruce343434 4y ago
  crypto is a branch of fintech though
  - woodruffw 4y ago
    If you squint at it hard enough, a bomb is a combustion engine.
  - bendtheblock 4y ago
    Ok - the non crypto bit of fintech. Basically anything else but this
- cableshaft 4y ago
  Or adtech, or more adtech, or even more adtech, or how about some adtech? That's pretty much what the majority of tech companies boil down to nowadays, or at least some free service (or paid + ads!) that's a trojan horse to get ad revenue.
mirceal 4y ago
people fear what they can't understand / hate what they can't conquer. there is a distinction here to be made between the various crypto implementations and blockchain as an idea/technology. Cryptos will come and go, there will always be a new scam to run (crypto or not) but IMHO blockchain tech is here to stay. Do you hate the cruptobros? too bad. Do you also hate stocks? Or options? Or the housing market? Or inflation? People are always greedy AF. I like it when people go all doom and gloom when bitcoin goes down 50% but nobody bats an eyelid at netflix being down 70% YTD, or Facebook down 45%, or Tesla 40%. The whole market is down 20%.

dudeinjapan 4y ago

In biblical times, God became angry at all the douchebags in the world so he caused a giant flood to kill everyone (except for Noah, who was a mensch apparently.) Spoiler alert: it didn't work. There are now more douchebags than ever before.

maerF0x0 4y ago
God had remorse at what he had done and made a covenant to never do it again*. One of the morals of the stories is that the means it would take to wipe evil off the earth isn't worth it. * at least that way
- jvalencia 4y ago
  Well, also, in the Biblical account, it was too late, they were all too far gone. I would argue it's not so bad now. :-) Imagine if your Mom sacrificed your older brother, and your Father was raping your sister, and ... Crypto in that light seems benign.
- dudeinjapan 4y ago
  He will get around to it again sooner or later.
colesantiago 4y ago
It needs to completely go by any means necessary. laws, regulation, education all done swiftly.

junofan 4y ago

Damn. Why? Can’t regulate the whole planet. Might be better to let go of the hate…

deleted 4y ago
[deleted]
colesantiago 4y ago
> Might be better to let go of the hate… So that more blockchain opportunists, web3 wanderers and crypto trojan horses blossom in the next cycle, chant the same 'this time is different' screed and cause another crash? No. This blockchain cycle needs to stop, now that we know that they have no solutions or usecases other than gambling.
- lovingCranberry 4y ago
  I like buying my cocaine with BTC/Monero.
- can16358p 4y ago
  I supported Ukraine with crypto. (in < 30 seconds, Sunday night) I've bought actual stuff I liked on Internet with crypto (the only other option was PayPal which is blocked in my country). There is sure a lot of dirty things going on on crypto but there are definitely totally legitimate use cases. You can gamble with fiat, you can gamble with crypto. You can donate/buy with fiat, you can donate/buy with crypto. I'm an opportunist who is in web3 and NFT space too, which is literally a free economy, and no one has to participate. Anyone can happily buy their NFTs if they find a value in them, and anyone can use crypto to transfer/donate money or buy things. Things can surely crash, so can fiat, stock market, or whole country economies.
  - colesantiago 4y ago
    A poor excuse to use a useless and broken system for after 15+ years is still slow at sending payments (which is supposedly the primary usecase) and is incinerating the planet doing useless computations just for fake tokens. No thanks at all, a system that does this needs to be destroyed.

bendtheblock 4y ago

Regulation can’t come soon enough. These are risky assets at best. People are getting hurt. Just think how much real tech talent has been wasted on this pointless experiment. This could have gone into fintech, greentech, healthtech, proptech etc anything else really that creates real value.

bruce343434 4y ago
crypto is a branch of fintech though
- woodruffw 4y ago
  If you squint at it hard enough, a bomb is a combustion engine.
- bendtheblock 4y ago
  Ok - the non crypto bit of fintech. Basically anything else but this
cableshaft 4y ago
Or adtech, or more adtech, or even more adtech, or how about some adtech? That's pretty much what the majority of tech companies boil down to nowadays, or at least some free service (or paid + ads!) that's a trojan horse to get ad revenue.

mirceal 4y ago

people fear what they can't understand / hate what they can't conquer. there is a distinction here to be made between the various crypto implementations and blockchain as an idea/technology. Cryptos will come and go, there will always be a new scam to run (crypto or not) but IMHO blockchain tech is here to stay. Do you hate the cruptobros? too bad. Do you also hate stocks? Or options? Or the housing market? Or inflation? People are always greedy AF. I like it when people go all doom and gloom when bitcoin goes down 50% but nobody bats an eyelid at netflix being down 70% YTD, or Facebook down 45%, or Tesla 40%. The whole market is down 20%.