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It's more because people have realised that money is easier made outside of public space (crypto projects, scripts, other things that just extract money out of
by anovikov 2y ago
It's more because people have realised that money is easier made outside of public space (crypto projects, scripts, other things that just extract money out of thin air) rather than by building something public that needs clients, investors, and exits.
I have yet to meet a single startup billionaire but i already know at least one person who made 1B+ through scripting and several who are in 9 digit range. It's just easier there because there is no law to abide (you are anonymous by definition, and frequently a sybil of thousands if not hundreds of thousands of fake people), and no need to "sell" or be liked by anyone.
It didn't exist before ~2017 because crypto/smart contracts were not a thing yet. SEO/SEO scams existed yes, but these never brought in comparable amounts of money and traditional startups looked more attractive in comparison. Today, many people just run dozens of solana nodes, guess how much they make?
- mezod 2y agofor what I understand, this is it. I am not entirely sure of what you refer to with 'scripting' though (I assume crypto related), pretty broad word in our tech world :P
- pjc50 2y agoThe secret ingredient is crime? (please explain "scripting" here, I don't think it means bash)
- anovikov 2y agoWell, there is no notion of crime if there is no actual personality involved. It's hard to define crime on a blockchain. Scripting could be in rust of solidity for instance, but sometimes it's just python or literally bash. Prime recent example: solana mods that improve voting. Before they stopped working (as too many people started using them), hundreds of millions were made by gaining advantage in attracting stake on staking pools by those who used them while others didn't - as they could consistently get better voting performance. And a mod was just a hundred or so lines in rust.