3 ms·
This is the most cryptocurrency response possible. I thought people were finally moving away from this Reddit, WSB, financial conspiracy theory bs.
by ShamelessC 3y ago
This is the most cryptocurrency response possible. I thought people were finally moving away from this Reddit, WSB, financial conspiracy theory bs.
- chatmasta 3y agoI hold no cryptocurrency and am generally skeptical of its value. My experience is limited to my '14 senior research project about designing a proof-of-bandwidth altcoin, where I quickly resized the only way for it to have value was for unrelated traders to irrationally trade it with each other based on speculation. But during that year I met and spoke to a lot of people in the ecosystem and I never heard of nor met SBF. But he was an econ major and approached crypto from the perspective of a trader, so that mostly explains it.
- ShamelessC 3y ago> My experience is limited to my '14 senior research project about designing a proof-of-bandwidth altcoin, where I quickly resized the only way for it to have value was for unrelated traders to irrationally trade it with each other based on speculation. Out of curiosity, how did you not realize this prior? Academia's propping-up of cryptocurrency throughout basically its whole lifetime, but especially over the past decade has been deeply sad for me to watch. I thought these were the people evaluating things from first principles rather than merely taking things on faith (or more likely, due to some conflict of interest). Seeing that they have whole classes at MIT dedicated to it is, again, profoundly sad.