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I'm not a fan of and don't own any crypto, but in fairness Matt Levine points out that joint stock companies were mostly scams for ~a century and ended up chang
by pezure 4y ago
I'm not a fan of and don't own any crypto, but in fairness Matt Levine points out that joint stock companies were mostly scams for ~a century and ended up changing the world. Just because something doesn't reveal its value for even 100+ years doesn't mean it doesn't actually have value. That said you might be dead before it materializes.
- LegitShady 4y ago"this might not be a scam 100 years from now" sounds like the most stupid "i am very smart" point a person might make about crypto. "well sure its a scam now, but in 100 years from now..." "Nobody cares matt" but then it turns out there's an army of crypto fools who repeat any stupid point he makes without reflecting on the value of those points.
- pezure 4y agoI don't really get your reaction here. The obvious takeaway from that point is a) determining the impact of any given technology is difficult and may take decades to centuries, and b) you should be aware that even IF your assessment of the technology is correct in the long term, you could still lose all of your money by investing in it. It's in no way an endorsement of investing in crypto, and I don't think he's responsible for every conman who will selectively quote him to shill a product.