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I don’t have the energy to fight anymore here but you can go through my prior comments https://hn.algolia.com/?dateRange=all&page=0&prefix=false&query=seibelj%

I don’t have the energy to fight anymore here but you can go through my prior comments https://hn.algolia.com/?dateRange=all&page=0&prefix=false&query=seibelj%20usdc%20&sort=byDate&type=comment https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu... https://hn.algolia.com/?dateRange=all&page=0&prefix=false&query=seibelj%20makerdao&sort=byDate&type=comment https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...

Nursie 4y ago
> I don’t have the energy to fight anymore I mean ... good? People shouldn't be fighting for economic products and systems, they should be evaluating them fairly based on present capabilities. As such, even you seem to think we're 5-10 years from delivery on effectiveness (personally I'm on the 'never' side). The current wave of speculation-mania and its associated out-and-out scams needs to come to an end. If there's any real use-case here, it'll emerge quietly and with little fanfare, because it can actually do things better than existing or alternative systems and will take over the market that way. It's not going to emerge from "HODL TO THE MOOOOON". (And it's certainly not seeming to emerge from an incestuous community of 'funds' and 'investments' offering unrealistic returns while all speculating and investing with each other!) (I see you agree that it's good these things get shaken out - great! My hope is they get shaken out so much that the regulators step and in and severely restrict anything marketed to the public, and anything related to PoW. After that, you do you, feel free to chase those unicorns)
Zanfa 4y ago
I don’t think spinning around useless cryptocurrency into derivatives is a value add to anybody. Most DAOs end up spoiled by whales and are supposedly democratic, but more like oligarhic in practice, with even less transparency than non-crypto organizations. At least with realworld complex financial products, the underlying commodity is useful.
- seibelj 4y ago
  Yes yes, move the goalposts, nothing anyone ever says will ever convince you. Just typical HN commenter crypto stuff.
  - Zanfa 4y ago
    I would have assumed the requirement of a usecase to be actually useful, not just possible was clear to everybody.

Nursie 4y ago

> I don’t have the energy to fight anymore I mean ... good? People shouldn't be fighting for economic products and systems, they should be evaluating them fairly based on present capabilities. As such, even you seem to think we're 5-10 years from delivery on effectiveness (personally I'm on the 'never' side). The current wave of speculation-mania and its associated out-and-out scams needs to come to an end. If there's any real use-case here, it'll emerge quietly and with little fanfare, because it can actually do things better than existing or alternative systems and will take over the market that way. It's not going to emerge from "HODL TO THE MOOOOON". (And it's certainly not seeming to emerge from an incestuous community of 'funds' and 'investments' offering unrealistic returns while all speculating and investing with each other!) (I see you agree that it's good these things get shaken out - great! My hope is they get shaken out so much that the regulators step and in and severely restrict anything marketed to the public, and anything related to PoW. After that, you do you, feel free to chase those unicorns)

Zanfa 4y ago

I don’t think spinning around useless cryptocurrency into derivatives is a value add to anybody. Most DAOs end up spoiled by whales and are supposedly democratic, but more like oligarhic in practice, with even less transparency than non-crypto organizations. At least with realworld complex financial products, the underlying commodity is useful.

seibelj 4y ago
Yes yes, move the goalposts, nothing anyone ever says will ever convince you. Just typical HN commenter crypto stuff.
- Zanfa 4y ago
  I would have assumed the requirement of a usecase to be actually useful, not just possible was clear to everybody.