But if you took GooBook and got rid of the search engine, the social network, the advertising partners, and kept *only* the finance bits...
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Replying to @patio11
... and then you took those finance bits and reimplemented them by with a motley crew of ne'erdowells and folks in deeply over their head...
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Replying to @patio11
... and then vigorously applied a monkey wrench to the finance bits, because you were worried about them actually working ever...
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Replying to @patio11
and then implemented a boiler room on top of that, you would almost approximate the cryptocurrency space.
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Replying to @patio11
I have people, of apparent intelligence and goodwill, who ask me for advice on how to write cryptocurrency whitepapers.
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Replying to @patio11
This genre of document is the unholy bastard child of an IPO prospectus and a CS paper for a target audience who has never read either.
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Replying to @patio11
I'd call it a cargo cult but that is almost certainly unfair to cargo cults.
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Replying to @patio11
Cargo cults aren't primarily engaged in trying to rip one another off. This is just classic NYC-style finance scamming.
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Replying to @jcrichman
I think that the degradation of finance among technologists is one of the reasons why we have weakened immune system vis cryptocurrency.
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Replying to @patio11 @jcrichman
I do not share it. I think that finance can & generally does provide tangible material benefits to the real economy, like the Internet does.
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But crypto hollows out finance and hollows out technology and wears them like a skin suit.
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Replying to @patio11 @jcrichman
doesn't mean there won't be a crash. maybe a huge one. but some things will definitely work better.
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Replying to @patio11 @jcrichman
Im from traditional finance. Not all is bad in crypto. Im weary of the pleathora of ICOs masquerading as legit projects. But not all is bad.
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