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Everything with a blockchain turns into a pump and dump grift. The only exception is things that started out as a pump and dump grift.
by badgersnake 2y ago
Everything with a blockchain turns into a pump and dump grift. The only exception is things that started out as a pump and dump grift.
- EGreg 2y agoEverything is quite a claim. Can you prove that? Is that a reasonable thing to ask, or are we supposed to simply nod along and say “yes, your dogma is correct in 100% of cases”? For example tell us how these are a grift: FileCoin. UniSwap. Aave. DID and Sidetree protocol (used by bluesky sky). And decentralized systems go way past blockchains. Email. Heck even the Web itself. If anything I’d say they tend to centralize because of the “grift” which is capturing open protocols and doing rent extraction (eg GMail) or surveillance capitalism: https://en.wikipedia.org/wiki/Surveillance_capitalism https://en.wikipedia.org/wiki/Surveillance_capitalism That centralization and control over millioms and billions of people is worse than a grift. Why can’t we talk about disrupting THAT?
- mullingitover 2y agoI dunno, blockchains have been around for over a decade or more, and the stuff you listed might be cool. I don't know, because blockchain itself is such a toxic brand that I automatically disregard anyone and anything related to it. It's like there's a swimming pool full of sewage, and sure there might be a new PS5 Pro floating in there, but I'm sure as hell not wading in to find out.