Views : 2,071
Genre: News & Politics
Date of upload: Jan 31, 2024 ^^
Rating : 4.944 (1/70 LTDR)
RYD date created : 2024-02-08T18:50:18.823743Z
See in json
Top Comments of this video!! :3
The use case is FEES for guys like this. .
More concerning, it's now about becoming whole again and saving face for Wood, Sailor, and the others who overestimated their stature and ability to 3:23 become "the" one to bring legitimacy to this pet rock of fintech and succeed in forcing a "masters of the universe" anointment do-over. They are clowns of the highest order. However, the extent of their personal exposure is existential and that makes them desparate, and thus extremely dangerous clowns.
This guy...
"Crypto Renaisannce"...with a strait face on Bloomberg yesterday, non the less.
3 |
The infuriating thing about crypto that noone seems to be willing to talk about is how crap the technology itself is - it just doesn't scale, because it can't! By design! You can do anything and everything with other more efficient technologies, better - and we HAVE. We already HAVE ticket sales and virtual goods and digital finance, except without the blockchain we can even do refunds after sales, without having to spend terawatts of computing power on it!
God I wish people would listen to engineers once in a while.
4 |
Crypto was in everyone’s daily lexicon two years ago, and now it’s hated. Truth be told I was one of those people who thought it was going to be the thing to democratize us all, but all it’s really done is helped a few people get obscenely rich, and a lot more poor. It hasn’t served useful as anything other than a place to burn money, and quite frankly all the things people say it can do we have current and new technologies that can do it better and more efficiently
1 |
@hec0b
3 months ago
Appreciate Scott pressing on wash trading and VCs using tokens to get out early. That said, really need more follow up questions on his proposed use cases. A few follow ups and you’ll see that a slow database isn’t the solution to eg paying artists fairly. Blockchain has been a buzzword for well over a decade, has attracted billions in investment, and still no use has emerged other than speculation and regulatory arbitrage
8 |