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Hey don, long time! So the thing with crypto: yeah sure there's bad crap on the margins, but the core of crypto is a completely new, faster and more flexible w
by asah 4y ago
Hey don, long time!
So the thing with crypto: yeah sure there's bad crap on the margins, but the core of crypto is a completely new, faster and more flexible way to handle money, value, ownership and control. I liken it to "programmable money" but even that's too simplistic. With programmable real estate, the line between rental and ownership can blur, softening the risk and lability for owners, and creating more responsibility and upside for renters. A Bored Ape is a club membership and flexible ownership in a rapidly expanding brand that earns licensing fees: the folks at Disney are paying close attention. A $1+mm apartment is worth $1mm because people say it is and because zoning limits supply, not because the sum of the wood and metal adds up to $1mm.
Today, we spend enormous time/energy/etc on nonsense that should be one line of code, from incorporating companies to paying taxes. As crypto continues to mature and weave itself into business systems, these processes become lines of code that execute while we conduct business. You spin up a company with complex ownership, conduct the transaction, send money to and from the parties (incl government) and year it all down - in seconds. Today, you need weeks and lawyers, accountants, notaries, etc. It's insane.
As for the environment, we can't save our way to success: the solution is either geoengineering or murdering billions (plural) of people and slowing the rest from breeding. I'm hopeful for geoengineering.
Anyway, we can raise our fists to the sky, but the next generation is going to demand 24x7x365 business and banking, have taxes woven into transactions, sophisticated fractional ownership, etc.
- ShamelessC 4y agoJust gonna try to scam people out in the open? You sound like you're in a cult.
- asah 4y agoAd hominem attacks are not welcome on HN, and if lookup my HN profile, I'm about the last person anyone would ascribe as being a cultist. I've seen a lot of unusual tech and trends win when they "shouldn't." I've seen "first they ignore you, then they fight you, then you win" over and over and over. I don't personally care if crypto wins or loses or if today's crypto goes to infinity or zero, and I especially don't care if greedy speculators lose their life savings after everybody told them so. What's interesting to me are novel ways for people to communicate, transact, store and share things.
- DonHopkins 4y agoOh there are other much more probably reasons to murder billions of people than saving the environment. I'd like it if the people who voluntarily wanted to slow down their own breeding were able to do that freely and easily, without it being expensive or scorned, and without being thrown into jail along with anyone who helped them, like their Uber driver. https://www.newsweek.com/texas-uber-drivers-could-sued-10000-women-abortion-clinics-1625293 https://www.newsweek.com/texas-uber-drivers-could-sued-10000...