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Saddest thing about Crypto even more than the energy cost is the human minds it consumed. I heard people saying that Crypto is what bright graduate students wan

by drdrek 4y ago

Saddest thing about Crypto even more than the energy cost is the human minds it consumed. I heard people saying that Crypto is what bright graduate students want to focus on and that just too bad. If you want to finance the un-financed or create decentralized finance go into fintech, crypto is just a bad implementation of fintech... If you want to change the world go into Biotech or Energy tech.. the next thing to change humanity is probably a better battery not a better foreign exchange market... And if you just want to get rich by taking money from fools I would recommend setting up an online casino, there are companies that sell white labeled platforms for online casinos and those extract money from poor people with 10th of the cost to the rest of humanity and takes way less effort to set up! First result in google, not an endorsement [1] https://www.softswiss.com/white-label-solution/ https://www.softswiss.com/white-label-solution/

sshine 4y ago
"Too many smart people go into finance and law." said some electric car manufacturer.
mountainriver 4y ago
Yeah it’s not really solving many problems, more people should go into AI, that’s where all the impact will be
anony23 4y ago
Crypto IS a subset of fintech.
- skyyler 4y ago
  Yes, the comment you're replying to said that it is a bad implementation of fintech.
whatisweb3 4y ago
> the human minds it consumed oh no, engineers will start to talk about cryptography, privacy preservation, zero-knowledge proofs, distributed systems, Sybil resistance, game theory - instead of talking about the next hot frontend framework. /s Centralized exchanges may be consuming minds - like those people who have only ever interacted with crypto through buying a shitcoin on Coinbase and hoping it will go up next week, and think they have a good understanding of what crypto and the blockchain is.

by drdrek 4y ago

sshine 4y ago

"Too many smart people go into finance and law." said some electric car manufacturer.

mountainriver 4y ago

Yeah it’s not really solving many problems, more people should go into AI, that’s where all the impact will be

anony23 4y ago

Crypto IS a subset of fintech.

skyyler 4y ago
Yes, the comment you're replying to said that it is a bad implementation of fintech.

whatisweb3 4y ago

> the human minds it consumed oh no, engineers will start to talk about cryptography, privacy preservation, zero-knowledge proofs, distributed systems, Sybil resistance, game theory - instead of talking about the next hot frontend framework. /s Centralized exchanges may be consuming minds - like those people who have only ever interacted with crypto through buying a shitcoin on Coinbase and hoping it will go up next week, and think they have a good understanding of what crypto and the blockchain is.