Make the blockchain safe or lose it – Vinay Gupta

https://medium.com/humanizing-the-singularity/be-realistic-demand-the-incorruptible-fa15d6401b0e

by maraoz • 2 years ago

3 2 2 years ago

jarsin• 2 years ago

Ethereum has become synonymous with fraud. It’s finance minus all RULES and deprived of all MORALITY. In Ethereum right now you are literally seeing what Wall Street was like in 1929, rug pulls and all.

The irony of the newly minted ETF's from Wall Street in what appears to be a last ditch effort to give it legitimacy.

tonetegeatinst• 2 years ago

I'm cool with crypto. I just don't think people should be "investing" with it. Look at bitcoin or most other coins....while you can buy stuff with it most value is due to traders and crypto miners.

At least with stuff like monero you have semi stable prices, privacy, low transaction fees, and plenty of places use/accept monero. I'd argue its one of the better coins as its also resistant to asic miners and tries to encourage CPU over GPU mining. That said the key part is crypto should never be treated like an investment like stocks or art. Its supposed to be a digital, hopefully privacy and anonymous, alternative to cash.

Crypto is cool from a technology perspective, and its a cool thing to research. I get why people hate most crypto, and I can agree with some points they might have, but let's not generalize an entire technology based on the most well known failures....however embarrassing they might be.

Make the blockchain safe or lose it – Vinay Gupta

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