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I believe in crypto, I think it will even protect people online when done right. And not everything is scam, there are good projects. That being said the behav

by gip 1y ago

I believe in crypto, I think it will even protect people online when done right. And not everything is scam, there are good projects. That being said the behavior of people and organizations in crypto is poor and will slow adoption. I still regularly see major crypto ecosystems rug pull their own developers. They simply can’t help themselves.

nathanappere 1y ago
What are the good projects?
- tromp 1y ago
  The ones that * don't financially benefit their creators * are not a copy-paste of an existing coin with some trivial changes
rapind 1y ago
> And not everything is scam, there are good projects. I don't disagree, but at this point it has to be like 90% of crypto products are scams, and that number is still increasing. They're simply running out of people to scam. The 18-40 year old male demo can only lose so much on crypto and sports betting before they run out of money and credit. It's a giant ponzi that's losing it's legs. I'm sure it doesn't help that everything else is so expensive (housing), making these hail mary gambas more attractive, but the money will dry up regardless.
- gip 1y ago
  We need to stop telling people they will make money with crypto. It is akin telling people they will make money with PostgreSQL. In both cases, if they build a great business, they may become successful and make some money. But looking at crypto through the lens of becoming rich quick is flowed.
  - rapind 1y ago
    Most investment in crypto is just gambling. It's all FOMO and snake oil. There are some stocks for which I'd say the same though (TSLA).
pavel_lishin 1y ago
> when done right. Let me know when you see it done right.
- gip 1y ago
  Stellar and the United Nation joining forces to advance financial inclusion as a quick example. People can downvote me all they want due to biases, these projects do exist.
  - pavel_lishin 1y ago
    Has there been any results from it? The only online results I see are from January, when it was announced, and frankly I'm not even sure I understand what the methodology or goals are.

by gip 1y ago

nathanappere 1y ago

What are the good projects?

tromp 1y ago
The ones that * don't financially benefit their creators * are not a copy-paste of an existing coin with some trivial changes

rapind 1y ago

> And not everything is scam, there are good projects. I don't disagree, but at this point it has to be like 90% of crypto products are scams, and that number is still increasing. They're simply running out of people to scam. The 18-40 year old male demo can only lose so much on crypto and sports betting before they run out of money and credit. It's a giant ponzi that's losing it's legs. I'm sure it doesn't help that everything else is so expensive (housing), making these hail mary gambas more attractive, but the money will dry up regardless.

gip 1y ago
We need to stop telling people they will make money with crypto. It is akin telling people they will make money with PostgreSQL. In both cases, if they build a great business, they may become successful and make some money. But looking at crypto through the lens of becoming rich quick is flowed.
- rapind 1y ago
  Most investment in crypto is just gambling. It's all FOMO and snake oil. There are some stocks for which I'd say the same though (TSLA).

pavel_lishin 1y ago

> when done right. Let me know when you see it done right.

gip 1y ago
Stellar and the United Nation joining forces to advance financial inclusion as a quick example. People can downvote me all they want due to biases, these projects do exist.
- pavel_lishin 1y ago
  Has there been any results from it? The only online results I see are from January, when it was announced, and frankly I'm not even sure I understand what the methodology or goals are.