5 ms·

Sounds a lot like Silicon Valley circa. 1999

by indy 4y ago

sirwhinesalot 4y ago
That's my feeling, you might pick the company that becomes the google of crypto, or you might end up in one of the ones you haven't even heard about because they disappeared without a trace.
marcosdumay 4y ago
Except that cryptomoney isn't adding insane amounts of value in any niche, outside of extortion and evading government controls.
- indy 4y ago
  Evading government controls sounds like a valuable attribute.
  - marcosdumay 4y ago
    Yes and no, both. That really depends on what government and what control. But anyway, the amount of value you can provide there is severely limited, as you can only at most undo the value your government is destroying. You can't ever get in a better situation than what you would get with a competent liberal-ish government and no cryptomoney. That means some business can exist there, and a small amount of it can even be morally acceptable. But it is completely different from the internet boom.
    - RestlessMind 4y ago
      > You can't ever get in a better situation than what you would get with a competent liberal-ish government and no cryptomoney. And what if you have only an incompetent authoritarian government? How would you help fight citizens of those governments? Crypto is a great tool there. Just because there are insufferable crypto-bros peddling shitcoins to make a quick buck doesn't mean entire Crypto field is useless. That'd be like blacklisting the entire data mining field because surveillance tech and adtech exist.
      - marcosdumay 4y ago
        > And what if you have only an incompetent authoritarian government? Then cryptomoney can give you a limited, non-zero amount of value. Still less than fixing the government, but it is easier to deploy. Even then, comparing it with the internet boom is bullshit.
        RestlessMind 4y ago
        > Then cryptomoney can give you a limited, non-zero amount of value. Glad we agree on this. Everything else (eg. comparison with internet boom) is a matter of degree and only time will tell.
  - achenet 4y ago
    oh hi there, would you like to hire a few super expensive accountants to optimize taxes like the other big corporations? (in case it isn't obvious, yes, I fully agree that evading government control/taxation is a hugely lucrative market).
- RestlessMind 4y ago
  Ability to evade government controls sounds like a great thing in a lot of circumstances. I have compiled a list of specific examples around that topic: https://news.ycombinator.com/item?id=32406095 https://news.ycombinator.com/item?id=32406095 Why do you think governments are always right? Haven't you learned any history?

Sounds a lot like Silicon Valley circa. 1999

by indy 4y ago

Sounds a lot like Silicon Valley circa. 1999

That's my feeling, you might pick the company that becomes the google of crypto, or you might end up in one of the ones you haven't even heard about because they disappeared without a trace.

marcosdumay 4y ago

Except that cryptomoney isn't adding insane amounts of value in any niche, outside of extortion and evading government controls.

indy 4y ago
Evading government controls sounds like a valuable attribute.
- marcosdumay 4y ago
  Yes and no, both. That really depends on what government and what control. But anyway, the amount of value you can provide there is severely limited, as you can only at most undo the value your government is destroying. You can't ever get in a better situation than what you would get with a competent liberal-ish government and no cryptomoney. That means some business can exist there, and a small amount of it can even be morally acceptable. But it is completely different from the internet boom.
  - RestlessMind 4y ago
    > You can't ever get in a better situation than what you would get with a competent liberal-ish government and no cryptomoney. And what if you have only an incompetent authoritarian government? How would you help fight citizens of those governments? Crypto is a great tool there. Just because there are insufferable crypto-bros peddling shitcoins to make a quick buck doesn't mean entire Crypto field is useless. That'd be like blacklisting the entire data mining field because surveillance tech and adtech exist.
    - marcosdumay 4y ago
      > And what if you have only an incompetent authoritarian government? Then cryptomoney can give you a limited, non-zero amount of value. Still less than fixing the government, but it is easier to deploy. Even then, comparing it with the internet boom is bullshit.
      - RestlessMind 4y ago
        > Then cryptomoney can give you a limited, non-zero amount of value. Glad we agree on this. Everything else (eg. comparison with internet boom) is a matter of degree and only time will tell.
- achenet 4y ago
  oh hi there, would you like to hire a few super expensive accountants to optimize taxes like the other big corporations? (in case it isn't obvious, yes, I fully agree that evading government control/taxation is a hugely lucrative market).
RestlessMind 4y ago
Ability to evade government controls sounds like a great thing in a lot of circumstances. I have compiled a list of specific examples around that topic: https://news.ycombinator.com/item?id=32406095 https://news.ycombinator.com/item?id=32406095 Why do you think governments are always right? Haven't you learned any history?