The promise of crypto as a stable store of value against inconstant fiat currencies has failed, too. The volatility on all time scales is extraordinary, and it's coupled with illiquidity, particularly in a crisis. If there's a bank run on crypto, good luck selling!
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This is not a video clip; this is a well spring of knowledge. Thank you!
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The one use case I can think of that makes sense to me is to use NFTs as digital bearer bonds, and the value of the digital token should then be tied to the volume of transaction fees on that network. The current prices and use don't reflect that, but it's at least a hypo use.
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Very refreshing to see mainstream media allow this to be called for what it is. One thing I will critique is that you are referring to BTC as Bitcoin. Take a look at this website and video from the Bitcoin association. https://thatsbtcnotbitcoin.com/ https://youtu.be/aRldRdk50JQ
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I wrote an article in 2015 on blockchain hype and the music industry and a follow up in 2017 saying if it didn’t solve “x” it would fail. I then said just use Git. Not one of the problems cited has been solved in 6 years, but a lot of $ has been wasted.
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Weird. You don't look anything like a push pin.
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On your point of money chasing after returns, this is a good examination of the broader trend:https://www.levyforecast.com/bubble-or-nothing/ …
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HackerNews normies always hostile to new frontiers.. But shit the bed over building 'game of life' in Lisp. SMH
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Diamond hands on my Beanie Baby collection!
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I've got some tulips in my garden that I'm hoping will eventually pay off my mortgage
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