4 ms·

For crypto skeptics, this is another day in paradise

rollcat 4y ago
As a "crypto skeptic", no it's not a paradise. People buying this were still fooled and lost money, people who built this are having their work erased. You can disapprove of a technological/social trend and still feel empathy for the people who are negatively affected.
- martin_a 4y ago
  At this point neither the "investors" nor the people builing those systems can claim plausible deniability. Nothing good has ever come out of crypto/blockchain, it's all just scams left an right.
  - rollcat 4y ago
    I have no doubt they "knew" it was coming. It takes a combination of committed greed, delusion, gullibility, and short-sightedness to still keep going despite that. That these traits are common enough for this phenomenon to achieve such scale is what's worrying me. So no, not a paradise.
  - chaxor 4y ago
    Git seems to be quite a good tool, and it's a blockchain.
    - rollcat 4y ago
      Git is a blockchain in the same manner that a smoke detector (which utilises radioactive isotopes) is the bomb that dropped on Hiroshima. Except git (2005) -and Perforce (1995), which it was designed to replace - also happen to predate Bitcoin (2009) and Hashcash (2002).
esalman 4y ago
More like ponzi scheme skeptics.
- ceejayoz 4y ago
  Potayto, potahto.
trogsworth 4y ago
For those of you missing this, I'm assuming this is a reference to the song "Another Day in Paradise" by Phil Collins (who was the front-man in the band Genesis).
- deleted 4y ago
  [deleted]
- paganel 4y ago
  Thanks, I had missed at first. After I realised it also made me think about a famous movie scene [1] involving a financial guy and the Genesis lead singer. Wonder if the founders of this company had that in mind when they set it up. [1] https://www.youtube.com/watch?v=_yM7Xe3HrT8 https://www.youtube.com/watch?v=_yM7Xe3HrT8
SilasX 4y ago
“See? I’m vindicated! With this collapse, Bitcoin is all the way down to 100x what it was when I first heard about it and correctly predicted its imminent demise.”

As a "crypto skeptic", no it's not a paradise. People buying this were still fooled and lost money, people who built this are having their work erased. You can disapprove of a technological/social trend and still feel empathy for the people who are negatively affected.

martin_a 4y ago
At this point neither the "investors" nor the people builing those systems can claim plausible deniability. Nothing good has ever come out of crypto/blockchain, it's all just scams left an right.
- rollcat 4y ago
  I have no doubt they "knew" it was coming. It takes a combination of committed greed, delusion, gullibility, and short-sightedness to still keep going despite that. That these traits are common enough for this phenomenon to achieve such scale is what's worrying me. So no, not a paradise.
- chaxor 4y ago
  Git seems to be quite a good tool, and it's a blockchain.
  - rollcat 4y ago
    Git is a blockchain in the same manner that a smoke detector (which utilises radioactive isotopes) is the bomb that dropped on Hiroshima. Except git (2005) -and Perforce (1995), which it was designed to replace - also happen to predate Bitcoin (2009) and Hashcash (2002).

esalman 4y ago

More like ponzi scheme skeptics.

ceejayoz 4y ago
Potayto, potahto.

trogsworth 4y ago

For those of you missing this, I'm assuming this is a reference to the song "Another Day in Paradise" by Phil Collins (who was the front-man in the band Genesis).

deleted 4y ago
[deleted]
paganel 4y ago
Thanks, I had missed at first. After I realised it also made me think about a famous movie scene [1] involving a financial guy and the Genesis lead singer. Wonder if the founders of this company had that in mind when they set it up. [1] https://www.youtube.com/watch?v=_yM7Xe3HrT8 https://www.youtube.com/watch?v=_yM7Xe3HrT8

SilasX 4y ago

“See? I’m vindicated! With this collapse, Bitcoin is all the way down to 100x what it was when I first heard about it and correctly predicted its imminent demise.”