Comment by OutOfHere
18 hours ago
If you still think crypto and AI are nonsense, then I guess you will carry these beliefs the rest of your life, but these beliefs won't outlive you, as they have no relation to reality.
18 hours ago
If you still think crypto and AI are nonsense, then I guess you will carry these beliefs the rest of your life, but these beliefs won't outlive you, as they have no relation to reality.
I said AI has utility but drives irrational levels of investment. Crypto has little utility besides a place to gamble, con credulous people and otherwise act as a really shitty store of wealth.
Most modern crypto projects barely bother to promise to do anything useful let alone achieve anything useful, which the overwhelming majority do not.
These aren't beliefs but statements of fact.
Those things you listed have lots of utility. Gambling is one of the most lucrative industries to be in.
That's very uncharitable. Crypto has been extremely useful for all sorts of grifters and enabled separating fools from their money at true web scale.
Indeed, it would be difficult for Iran to receive payment for passage through the straight or Hormuz without crypto or fir North Korea's ransomwwre economy to be so lucrative.
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Ok. Well have fun. Bye.
Who is investing in NFTs today?
Who is building their company using permission-less blockchain as the database? The average person still uses a bank checking account, not replacing it with a crypto account.
I haven’t heard of any progress on tokens in the Governance direction.
Stablecoins without a public audit trail have so far stayed relevant, but there are several which are suspiciously reminiscent of the mistakes that SBF made.
We all see the transfer of funds and the ostensible store of wealth when it comes to buying influence or presidential pardons. Those of us not wearing crypto-colored glasses don’t see the promise that VCs sold us on the industry 5-10 years ago.
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