Cryptocurrency is 99.9% ponzis, frauds, and bubbles, and that’s a generous number. The underlying technology is pretty useless at actual applications (It’s essentially always more efficient to have centralisation in any app, in which case the blockchain becomes redundant) , but it is very useful for scamming people out of their money with get rich quick schemes, so that’s what it’s chiefly used for.
I think tying the EA movement to cryptocurrency is a great way to discredit all of your rationality and trustworthiness. If you didn’t foresee crypto being useless, how can we expect you to foresee anything else?
Cryptocurrency is 99.9% ponzis, frauds, and bubbles, and that’s a generous number. The underlying technology is pretty useless at actual applications (It’s essentially always more efficient to have centralisation in any app, in which case the blockchain becomes redundant) , but it is very useful for scamming people out of their money with get rich quick schemes, so that’s what it’s chiefly used for.
I think tying the EA movement to cryptocurrency is a great way to discredit all of your rationality and trustworthiness. If you didn’t foresee crypto being useless, how can we expect you to foresee anything else?
don’t see where you get the 99.9% number, but yes, it does seem crypto is commonly used in scams.