I kinda was a fan at first but he keeps fucking up in such ways that I’m over him 🫣👌🏻 he’s just another crypto bro.. 
🇳🇱
@freemo @cobratbq All his shady deals for once, influencing the market for that, his sad obsession with crypto, acting like a spoiled brad, and that meme he posted about everyone else moving and he stayed put! For me that was a clear sign he is sooo stuck in his mindset.. uh a bit uh boomer. The guy doesn’t wanna grow it seems and everyone is to blame haha
That’s for me the deal breaker, I want nothing to do with the guy to be honest..
Besides, hoarding money in such amounts is a sickness I think!
Not sure what meme your talking about. As for him buying cryptocurrency, that seems like a weak argument in and of itself. Cryptocurrency is the best way we have to get away from wall street and governments controlling our money. Free, decentralized, open money is the very spirit the fediverse itself is built on, I am shocked you'd be against it.
As for him "hoarding" money, I think you might miss how that works. His bank account doesnt have much cash in it, he just owns a lot of companies, thats not hoarding, thats wealth creating and job creation. If he had a vault filled with cash he just sat on you might have a point.
That article is way too long-winded for me to bother with. I am happy to consider the counterargument, but ifyou wish discuss it lets distill it, that article is mostly chatter.
Nothing person I am just so tired of long winded magazine articles that could be summarized in two paragraphs and loose not even a smidge of info.
@freemo @stux @cobratbq Fair -- I've certainly been on the receiving end of "You fool, just read this book and you'll agree with me!"
High points of the first article:
- The blockchain is deliberately and majestically inefficient. It is a solution in search of a problem.
- Crypto mining is wasted computation that contributes nothing to society and "burns as much power as a significant country".
- Since crypto transactions are irreveversible (unlike bank transactions), it's ripe for fraud and theft.
- It's used mainly for drug dealing, child porn, and ransomware.
The author of the second article has a very short summary here:
https://antsstyle.medium.com/why-nfts-are-bad-the-short-version-48acff22c54b
> The blockchain is deliberately and majestically inefficient. It is a solution in search of a problem.
Agreed, Current block chains are **not** the final solution and are not, as is, ready to replace money. They are, however, a technology being developed that will one day be ready. You can support the idea without encouraging people to move the worlds wealth over right now, as with all new techologies it takes to to mature.
> Crypto mining is wasted computation that contributes nothing to society and "burns as much power as a significant country".
This point is flat out false and uses a small subset of crypto to represent the whole. We have numerous cryptos that are computationally trivial such as Proof of Stake and even some that use proofs that explicitly use computing power to solve important known problems.
> Since crypto transactions are irreveversible (unlike bank transactions), it's ripe for fraud and theft.
Also a misunderstanding, though partly true. Smart contracts can (and do in many cases exist) to ensure reversibility. In fact this is a strength not a weakness, once money is transfered to its intended target a bank cant decide to just steal it back later, the goods transacted are guaranteed ensuring the government cant intervene. In other words, it is reversable when the parties engage want it to be, and isnt when they dont. You control your money not someone else.
> It's used mainly for drug dealing, child porn, and ransomware.
So is cash, thats a problem for police not for money
@peterdrake
Lets try this..Why do you think they are bad?
@stux @cobratbq