4 ms·

It's the new money, I mean it's an investment, I mean it's a store of value, it is a tech backbone for web 3.0, it is an online deed... Soon they will find som

It's the new money, I mean it's an investment, I mean it's a store of value, it is a tech backbone for web 3.0, it is an online deed... Soon they will find something it is reaaaally good at. Might solve some prime number conjecture by accident if they solve enough sudokus, I mean hashes.

nwienert 3y ago
You make some great points. Money, investments, banks, programmable money, decentralized organizations, VC where investors don't need accreditation (great for the little guy, bad for the 1%), deeds, remittances, prediction markets. Even capturing a fraction of a fraction of those would be a massive. I used it quite a few times lately to pay open source contributors in countries that don't have access to Paypal. Paid my rent when Venmo blocked my account temporarily and I had to wait 2 weeks for checks to come in the mail. Used it for Mullvad VPN. Used it to get MJ on a market at far higher quality and better price than locally in Cali. Was super useful. Paypal in and of itself makes the case, no need for any more.
- Arkhaine_kupo 3y ago
  > You make some great points. I am sad to hear that. I was mocking the crypto attempts to legitimise their business proporisiton. All of them have failed, because fundamentally their product does not solve any real problem and once it interacts with the real world it has the same problems as those industries have. Essentially crypto is like most libertarian communities, they eventually end up inventing regulations, governance and many of the same systems that we currently have, but only after fucking up themselves. > Even capturing a fraction of a fraction of those would be a massive. The risk of fraud outstrips any of the advantages, also the risk of lack of regulation on the financial system has brought us great hits like the 2008 banking crisis. Giving VC access to anyone based on crypto is gonna be a gold rush of fraud, To the Moon tm slogans and other nonsense that will bankrupt as many people as possible before imploding.
- deleted 3y ago
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nwienert 3y ago

You make some great points. Money, investments, banks, programmable money, decentralized organizations, VC where investors don't need accreditation (great for the little guy, bad for the 1%), deeds, remittances, prediction markets. Even capturing a fraction of a fraction of those would be a massive. I used it quite a few times lately to pay open source contributors in countries that don't have access to Paypal. Paid my rent when Venmo blocked my account temporarily and I had to wait 2 weeks for checks to come in the mail. Used it for Mullvad VPN. Used it to get MJ on a market at far higher quality and better price than locally in Cali. Was super useful. Paypal in and of itself makes the case, no need for any more.

Arkhaine_kupo 3y ago
> You make some great points. I am sad to hear that. I was mocking the crypto attempts to legitimise their business proporisiton. All of them have failed, because fundamentally their product does not solve any real problem and once it interacts with the real world it has the same problems as those industries have. Essentially crypto is like most libertarian communities, they eventually end up inventing regulations, governance and many of the same systems that we currently have, but only after fucking up themselves. > Even capturing a fraction of a fraction of those would be a massive. The risk of fraud outstrips any of the advantages, also the risk of lack of regulation on the financial system has brought us great hits like the 2008 banking crisis. Giving VC access to anyone based on crypto is gonna be a gold rush of fraud, To the Moon tm slogans and other nonsense that will bankrupt as many people as possible before imploding.
deleted 3y ago
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