/biz/ - Business & Finance

>>52903255
Liking popular thing bad

>>52903380
Is crypto really popular enough to warrant that though? I feel like its been totally on the periphery of mainstream things.

There's another thread going on about LINK fud and there seems to be a lot of overlap in thought

>Why are people anti crypto for no reason

Many, many people have known about bitcoin since it was <$100. They didn't buy it they're just so heckin smart and good at trusting the experts that constantly shit on bitcoin (roubini, krugman, etc).

Those same people watched as crypto went absolutely ballistic, and it kills them inside. They know they could have made 10+ million easily if they had bought back then. They've never once stopped and thought "hey, maybe I was wrong".... no, they just cope and seethe and blame the heckin chuds for buying in early.

the buttcoin subreddit is a perfect example.

banks nowadays post the faggot flag on social media so they're cool and proletarian friendly now

>>52903255
Web3 is a joke. SWE here with CS bachelors, the only people who believe this shit are the type who think they’re geniuses or in the matrix. Only literal retards promote that shit. RuneScape gold holds more value than crypto lol.

>>52903434
Unironically think there's legs to this line of thinking. Tradfi and legacy web2 marketing/brainwashing. Probably not directly the intent of the but the response from people may be causally linked. Not to mention people love to give up control for convenience. It's why the web2 monetization model worked so well for Google/FB/Amazon

>>52903419
This seems possible too. Maybe too much pride to give it an open an honest look now? Double down on their decision to not participate?

>>52903419
>the buttcoin subreddit is a perfect example.
the boomercoin subreddit does not like boomercoin?

>>52903488
>cs bachelors
If anything this detracts from any credibility you have

For 99% of them is because they missed the train

>>52903255
Also ML is a neat tool and can be used for a plethora of high level problems, but it’s never the most efficient way of doing anything. Similarly to a CnC machine being less efficient than one-purpose mechanical contraptions. These ‘people’ promoting crypto and ML are not real engineers.

>>52903522
No, I just know what the average SWE knows, and it’s usually barely enough to keep whatever dumbfuck web job they have. These people barely program

>>52903419
They know if they buy in now that they are the dumb money. Also they have zero risk tolerance.

>>52903488
>He doesn't think he's a genius and doesn't believe he's in the matrix
Ngmi

What do you mean by web3 is a joke? And what do you mean by "believe in"?

Do you not recognize that you can use a public blockchain as a means for storing and computing data in a trustless (or trust minimized) manner? You can make a trade on Uniswap right now, or post on Lens. Yes there are elements of those transactions that have some trust assumptions but they're significantly lower/smaller than centralized finance & Twitter.

Also a SWE but B.S. EE degree because that's what my school offered.

>>52903559
Curious what you do for a living anon

>>52903419
It also just eats their soul that the people who made it off of crypto or were early adopters are also the people they fucking loathe anyway. The alt right, 4chan NEETs/incels, gamers, darknet merchants, black hat hackers, etc. Of course a lot of third-worlders like Nigerians and Indians got rich off of bitcoin, the story in the first world is that it was mostly the White man's success.

>>52903255
who gives a shit, I hate 99.999% of crypto too, because most of it is shit.

>>52903599
Ultimately you are moving nothing but valueless numbers. Which is no different than a wire transfer of fiat. I get the convenience and use crypto for some p2p transactions, but it’s only really useful for nefarious activities i.e. Monero. True scarcity is exclusive to the physical world.

>>52903634
Backend, SQL mainly. It’s pretty damn braindead ngl.

>>52903255

>>52903255
Npcs are following the media, crypto is for criminals and child porn again, come back in 3years at the top, george!

>>52903255
Only really second and third worlders have felt the dark side of fiat money, my country defines its 'poverty line' as $18421 dollars, which through the howrichami website places that individual among the 15% richest in the world. Looking at it as a technical problem with no after school education in finance and geopolitics just makes it look a rube goldberg machine. Its when you see frozen bank accounts, asset seizures and triple digit inflation that one wakes up to the reality of what crypto is trying to solve.

On the other side, they can understand completely and take the Machiavellian approach and advocate for more forever wars, like whats happening over in Eastern Europe

>>52903255
Well, I’m just not pro crypto. The time has passed to make it and the truth has been thoroughly revealed in the public sphere that it’s a scam with ZERO USES. People are too stupid to go along with the trustless payment aspirations Satoshi wanted. Some truths just need to be accepted. I also want to kill myself.

>>52903723
Holy fuck I'd kill myself if I was an SQL only monkey

>>52903687
Yeah but you're trusting the banks to execute. That's a viable strategy under a certain set of parameters but not suitable for every situation and not fulfilling of the properties of trustless/decentralized computation. Less open

>>52903255
Every generation draws a line in the sand at some point and refuses to adopt any new things beyond that. This is as far as many Millennials will go.

>>52903878
> long term investor
> already 1+ year

kek, what an impatient fag

>>52903687
>thinking crypto currencies are only a currency
You're actually peak midwit.

>>52903255

its because crypto faggots are among the most insufferable and self-righteous faggots on par with vegans and cyclists

Because the bank needs a continuing effort in order to create uncertainty.
It doesn't matter that what they do is horrible and corrupt. Every idiot today was born in it so that means it's all they know.
They don't need to prove themselves, they just need to hurt others. Until the day of the rope.
I'll be varnishing the gallows and keeping them clean.

>>52903419
I just don't want to see third worlders make any money and think Bitcoin is retarded since every other chain outclasses it in every capacity.

>>52903255
Because crypto is a scam that forces new "members" to lure new people into the scheme in an attempt to generate value in what is essentially a Ponzi scheme?
Because the whole real-world application for crypto is to gamble?
Because for every people that 20x their investment, 19 lost the same amount?

>>52905750
>day of the rope!
Two more weeks, right?

>>52903255
Number go down

>>52905580
>Name calling, no counter provided
Typical (((keynesian)))

>>52905502
based retard?
>yeah but
its the government you can't trust, and they are already able to trace pretty much every crypto.

>>52903255
99% is cope because they are late....like not buying house

>>52903255

It may be the package deal syndrome. Many people sign on for the entire menu when they identify as a liberal, let's say. They have to take on whatever is on the go. Elon hate, anti-Trumpism, open borders, vaccine mandates etc. Not that any of those could be good or bad positions, but they'll unthinkingly adopt the entire raft, or so it seems.

Alternately, your colleagues, being in tech, may just be insufferable faggots.

>>52903255
Your colleagues probably think that you're an insufferable faggot. They're not into crypto precisely because software engineers, and you're into it because you clean the toilets.

>>52905887
If you think crypto is just a currency you literally have no idea what crypto is. You have no idea why Ethereum is revolutionary compared to Bitcoin. You don't understand the implications of smart contracts.

> https://hedera.com/users/atma-io
This use case has absolutely nothing to do with money or currencies, tracking the supply chain and trading carbon credits for global initiatives

>>52903255
They probably lost money on crypto. A lot of people did.

>>52903255
The TV, radio and social media influencers (propaganda bots) told them to hate it.

>>52903488
>>52903540
>>52903559
>>52903687
>>52903723
My midwit detector is blinking. Being a CS chud is usually a good indicator of this. Anyone with brains usually finds a way out of CS.

>>52903255
Well they're mostly right. True believers in web3, NFT, etc shit are absolute fucking retards. Doesn't mean there isn't money to be made but ultimately it's a ponzi and they probably realize they're late. Anyone getting in after week one AND actually swallowing the rhetoric and holding this shit forever is just going to lose their money.

>dimwit = Web3 is awesome *-$10k*
>midwit = Web3 is bullshit scam *$0*
>topwit = Web3 is awesome *+$10M*

The sad part is the midwit uses this as an excuse to not look into any of this stuff and there is stuff that will be useful and big. For example Bitcoin did have promise in the early days and it would be really great if its successor, Monero gets widely adopted.

>>52903255
The majority of people in the world historically are stupid anon, nothing new here.

>>52903255
They fear what they don't understand. Imagine some boomer putting part of his union paycheck into a 401k for 30+ years to see some 20 year old become a millionaire overnight because of some code and numbers 'on the internet'. Meanwhile the boomers 401k doesn't yeald returns anywhere near what bitcoin did in 2018 or later in 2021.

>>52903419
Very true.
People here might be too young to remember that Bitcoin was mainstream news since 2011 and the Silk Road days.
Was talked about in Congress by Chuck Schumer etc.
Anyone that's over a certain age and says they 'never heard of Bitcoin' is a liar.
Zoomers get a pass for the most part though.

>>52906334
>You have no idea why Ethereum is revolutionary compared to Bitcoin
It's revolutionary because it made it easier for people to create their own ponzi tokens. It's funny because it was originally ridiculed because the only working smart contracts were ponzis. Turns out that ponzis are worth a lot of money. None of the "real" use cases have ever taken off or really worked at all. People never even bothered with a lot of the mooted use cases and things like DAOs failed spectacularly.

>hedera
>tracking the supply chain and trading carbon credits for global initiatives
Basically you are a complete fucking retard. Dumber than normies even.

There are three types of people I have met that hate crypto

>gold bugs who think anything but gold is a scam

>people who thought btc was a scam years ago and didn't buy any then watched everybody else get rich

>marxists who hate capitalism and think it's bad for the environment

It is just three different types of butthurt

>>52906948
100 percent this.

>>52903255
Web 3.0 is a scam. The only thing that's useful in Crypto is the idea of Blockchain technology. No one cares about your subway token, at least I can use a subway token to ride the subway.

>>52903581
Here's the answer.

>>52906334
>oh look another HBAR shill

>>52903255
Crypto is a bigger fool scam, and it's running out of bigger fools.

>>52903255
I do the same job as this guy and worry I'll sperg out one night too

>>52903488
yeah dude i have a cs degree and im a fucking retarded zog bot. congratulations on spending time though im sure your parents are proud

>>52906973
You're either retarded or trolling. Simple as. The idea of smart contracts is revolutionary, and ETH is owed credit for being innovative that being said it's not the layer 1 that's going to change the world. I'm not going to give you an intelligent response to FUDing Hedera. You're a monkey nigger simple as

>>52907067
If you hold <1million dollars worth of HBAR then you are just a bagholding retard. It's that simple.

>>52907131
Like I said you’re a monkey nigger who doesn’t understand shit. Dilate nigger

>>52907227
You can't even comprehend how stupid you are.

>>52903255
>anti-ML
Why the fuck would you be anti-progress? Anti-crypto can be pinned down to corporate brainwashing, anti-ML doesn't make sense.

>>52903255
why indeed.

>>52907254
Dilate tranny

>>52903878
>1+ year

KEK he's gonna buy back at the top again

>>52907012
what is this from? I might watch it because of how awesome that outfit is

Softies worked hard for their job typing beeps and boops into a computer for 100k a year, too hard in fact for some gambling retards to buy some literal shitcoin coin and somehow make 200k in a year.
>every fucking thing on this board is "marked as spam"

>>52903255
>One guy in particular is hardcore anti crypto and anti ML.
Wow that's weird because I'm a database engineer/ML enthusiast and I own crypto. It's like he hates me in particular.

>>52907494
If you’re not trolling, that’s the chancellor of the fourth reich “Ye”, during his interview with Alex jones.

>>52907494
アレックス・ジョーンズ・ショー

>>52903255
Software engineers who don't understand the fundamental concepts of money tend not to like it. They are the same ones who can't explain how money functions as a medium of exchange, store of value, or unit of account. The average person with a business economics background tends to understand the fundamental principles of cryptocurrency much faster than someone with a computer science background who thinks they are the next Bill Gates.

>>52903404
Crypto breeds jealousy.

>>52903581
Think of how many people still hate Bitcoin

We are still reasonably early

>>52905763
You are retarded and every other brain outclasses yours in capacity.

>>52903255
bitcoin is literally a hashed linked list
but with O(N) verification every verification
only a midwit who fails leetcode easy would come up with it
atleast use a Merkle Tree
oh wait
none of you retards know what a Merkle Tree is
all of you are buying electronic beanie babies
all of you desire your red bars

>>52909282
actual retard

>>52903255
>>52903255
No reason? Cutting off funding to far right terrorists is plenty enough reason to hate crypto.

>>52903255
I work in the space. I think it comes second to AI in terms of the most interesting thing a person could work on (thought this before ChatGBT). At the end of the day most people are sheep. Even within software developers, most people are incapable of doing anything new. It's not for them to see the opportunity, it's for them to adapt as its' the new reality. I wouldn't put too much weight on their opinions on new things

Out of curiosity, I'd like to see if they FUD ChatGBT as well. Ask them about it

>>52903687
> Ultimately you are moving nothing but valueless numbers
>>52903723
> I work with SQL
The irony.
The reason you have a job is that the numbers you shuffle for a living do have value to someone. The more value the information has to someone, the more they will pay you to keep it consistent and secure. Bitcoin is where the numbers are so valuable to so many people that they have devised the most robust database system imaginable to store them.

>>52906853
>Anyone with brains usually finds a way out of CS.
>"Anyone with brains usually finds a way out of a 500k total compensation while working from home"
lmao
sounds like "anyone" should blow his fucking brains out for making an awful financial decision

>>52903255
>oh noes people dont like my scam internet money
>why biz??????!!!

>>52903255
>>52903404

> why don't developers like this revolutionary technology aimed to better our lives and totally isn't just a ponzi designed for making money and why devs hate it

Fuck off reddit fag. Seriously.

Wall Street jews saw crypto as a threat and pushed anti crypto sentiment through their Jewish MSM, trickling down to the midwit leftist normie in the form of 'its bad for the environment' and 'its only used for terrorists to launder drug money'. No one ever talks about triple entry accounting or smart contracts. Leftist normies get their brainwashing from capitalism itself and think it's their own thoughts.

>>52903419
>buy thing with the only intention of selling it to someone else for more
Boomer here. I remember bitcoin when it was less than a dollar. I didn't buy it then and never bought it at any point. Crypto doesn't make any sense to me. You're buying a string of numbers with no real world application and no obvious future. The original idea of bitcoin to buy and sell without incurring FX charges was interesting. I've bought and sold a few properties in Spain and those FX fees can get expensive. But it never took off. Then we're told it wasn't about it replacing fiat it was the Blockchain that was the value then that changed to the Blockchain is easily replicated and it's about bitcoin is a store of wealth. The goalposts on what bitcoin was supposed to be kept changing. That doesn't inspire confidence.

>>52903255
They have no need of it. Until better tooling is built and they can build software that rivals web 2.0 or has obvious features they won't care. Too much of crypto is grifting around shitcoin and NFTs and the developers that attracts can be dubious. It is not, for the most part, a reputable profession. Most people presently interested in it are gamblers or Traders.

>>52903255
pyramid scheme

i've rarely met actual people against crypto. it's mostly bugmen
software engineers are 99% bugmen, they're monkeys overpaid for a job most consider tedious, and they mistake this ability to handle tedium for general intelligence
it's not so much cope for missing out. rather, it's a defense mechanism to protect themselves from cognitive dissonance
the 110iq midwit builds his entire personality around being "smart". he compares himself to 90-100iqers exclusively, and concludes he's uniquely gifted
accepting they were wrong about crypto is an unacceptable proposition. it would destroy their sense of self

>>52903532
The train has come around again. All aboard!
>>52906334
Try paying with crypto and you will know they are currencies too. I paid for an air ticket last week using UTK. Gonna be traveling in less than a week.

>>52906334
I just think we each view things from a different perspective, crypto is more of a currency to me, I use Eth mostly to buy things from online stores, Monero too, and i often use sylo for p2p transactions, as well as real world purchases.

>>52903255
Most of them got reasons to. A colleague of mine is anti crypto because anyone could view transactions on the blockchain. I told him he could make use of privacy protocols to shield his transactions on the blockchain, he still is in doubt. kek

>>52903255
Because they are not tech savvy enough to interact with the blockchain. I believe we need more projects like ORE ID that simplifies the tech even for normies

The only people who aren't anti-crypto:

1) Doesn't know anything about technology
2) Doesn't know anything about finance
3) Scammer

OP is the lord of midwits

Because they make 100+k and depend and benefit from the globohome system that crypto is threatening.

who knows, who cares
i exited because it just wasnt fun anymore. i took my moneys and bought real estate, started my own handyman biz, that takes up the bulk of my time now. gone are the glory days of moons and getting in on some pajeets rug pull. now its all just jews, twitter-niggers, and women. boring.

>>52910005
26 year old here. Have come to exact sane conclusions. The retards on this site will flex that they scammed people out of their money. But they will lose it in the end! Even if they were smart enough to walk away from the table in the good times

>>52903419
Why does buttcoin go up or down if it has no intrinsic value and is a currency and not an investment? Beaides market manipulation.

>>52903255
Because people who aren't retarded or theorycels (same thing) see that there is little practical use for it. Nobody gives a shit about your NFTs or zk proofs, it's 99% vaporware.

>>52906880
The people getting "+10M" are harvard/mit students scamming VCs (based) or lucky gamblers, not necessarily topwits. "Web3" the marketing term is an awesome way to part people from their money, I agree. If you actually care about "Web3" as a goal most of the shit you do has nothing to do with blockchain.

>>52908474
Unfortunately this also goes for 105 IQ econ students, who have no conception of just how impractical most of the 'applications' for crypto currently are.
Crypto has its best applications in finance, of course, but a lot of the money is pouring into useless bullshit (Web3). Either they know its a scam and just want to rug retards, or they are also retards and make a profit just based off of private investment rules. Considering the state of Jump crypto it is likely mostly the former

>>52903255
Because they watch the news and buy into the media narrative. They probably also got vaccinated and make stupid antiwhite comments too.

>>52908474
Explain how its a store of value. I'll wait.

>>52903255
It was only ever about scamming the greater fools and they got tired of pretending it was not.
>One guy in particular is hardcore anti crypto and anti ML.
Sounds like a fine gentleman.

>>52909533
>The numbers are valuable to so many people
That's not what value is defined as economically. There is no actual service being offered.
>Most robust database system imaginable
You've been meme'd
>>52906853
>finds a way out of CS
Haha, it only took me 4 years when I was young as fuck. Why would anybody not get a degree.
>>52905502
>only doing what shekelstein bossman pays me to do
cope. you have no idea what a good programmer is capable of.

>>52903255
It doesn't matter. Once CBDCs are rolled out they'll embrace them with as much reflection that lead them to line up to get the Covid injection. I don't even talk about crypto with people, there's no reason to. And if it really takes off then I really don't want them to know... They're destined for the pods and to spend most of their time in the metaverse buying most things on the blockchain, driving up the value of what I hold. Let them eat the bugs.

>>52905963
Yeah it’s this.

>>52903255
> "no reason"
> constant rug pulls
> dipshit clown volatility
> constant subhuman scams
> bitcoin atms in nigger ghettos
> infinitely printed bank notes but now with extra fraud

Bruh you're the retard for liking crypto. We're going to fucking annihilate you undisciplined zoomers over the next 50 years, we're taking everything you have and putting you straight into debt. The most manipulable and delusional generation in history.

What is ML?

>>52913460
CBDC is simply government providing online banking (which is also why it will never happen). It would be plain old national currency you can pay your taxes with, has got fuck all to do with greater fool valued crypto.

>>52913435
>cope. you have no idea what a good programmer is capable of.
picrel

>>52913495
>ML
Machine "learning".

>>52910005
>>52911835
I mean pokemon card and mtg shit is kinda gay. But I wish I had held on to more of them and bought more. There's tons of stupid shit out there to make money off of. Markets can stay irrational longer than you can stay solvent. Its all a fucking scam, just which scam can you make money off of?

>>52913557
Total control of people's money is what they want. The people people aren't going to resist, they'll accept it (like I mentioned) as easy as they accepted the Covid injection. The vast majority of people do what they're told by the authorities. CBDC adoption by the masses will have very little resistance. Payment systems coins will become very valuable.

Crypto is about web3 and Defi. If you don't understand these concepts you're simply ignorant about the wider mission of crypto as such.

That or you're a cynical midwit who doesn't understand anything about banking/money.

>It's a scam
it's all a scam you dipshit

>>52906334
You have said it all man. Good one bruh. Probably this is why Allianceblock patronised Hedera Hashgraph for its bridge.

>>52913494
>> "no reason"
>> constant rug pulls
>> dipshit clown volatility
>> constant subhuman scams
>> bitcoin atms in nigger ghettos
>> infinitely printed bank notes but now with extra fraud

Wow you just described tradfi perfectly

>>52903255
I am morally against gambling and anyone above or below being a midwit can see bitcoin, along with other cryptos, being an obvious ponzi scheme.
Hate on me, but just remember all your buddies telling you to buy into btc or other shitcoins - unless you were that guy yourself.
I've seen enough people on this board post about being financially ruined. Should have sold at the top, any retards still holding now are fucked. Bitcoin and other coins are never coming back to previous heights, at least for several years. Good luck to you if so.

>>52909944
reddit hates crypto, buddy

>>52913723
>It's gambling because..... IT JUST IS OKAY?

Epic 102 IQ take

>>52913772
So big brain, what causes the price of any crypto to go up ?
New money

>>52913780
As opposed to a stock on the stock market? As opposed to any business? As opposed to banking which just prints money out of thin air?

Also if crypto has utility it will have value and also be a store of value. You're fucking arrogantly retarded and ignorant. Shut the fuck up

>>52913772
>stocks aren't gambling
>crypto definitely isn't gambling
okay, retard.

>>52913794
Confirmed left end of bell curve

>>52913819
Okay bro have fun pumping up your 401k

>>52913842
Why are you so upset anon ?

>>52913819
your mom got scammed when she birthed you

>>52913850
still waiting to make it?

>>52913848
I'm not the one seething about crypto on a crypto board

you're VIOLENTLY retarded

>>52913864
You double replied to my post
Seems like you're seething
I'm going to creampie my gf tonight what about you ?
Looks at charts again ?

>>52913864
>/biz/ Business & Finance
>a crypto board
It's a coping board. I come to this board to laugh.

>>52913874
Your girlfriend is a scam

>>52913886
I'm enjoying this keep the posts coming buddy I'm sure you'll make it next time !

>>52913715
Traditional stock and bonds have something that crypto doesn't: fair value. The fair value of every crypto is ZERO. No one promises to pay you anything and there's no one that guarantees to take your coins to cancel debt, like any modern state with fiat money.

>>52913912
Wtf do you mean people default on debt constantly.

Look into Defi. Actually unbreakable contracts exist.

Just because we all buy into traditional finance doesn't mean that it's flawless. And it doesn't mean that crypto as technology can complement it.

>>52913894
You're arguing in bad faith. Might as well be a woman.

>>52913937
>Not an argument.
Keep holding, payday is around the corner.

>>52913944
Might as well be a woman.

>>52913951
Forgive your mother anon

>>52913955

>>52913951
Why do you hate women anon?

>>52913575
yes bro. keep that energy. you demoralize the masses, i have less competition. meanwhile ill enjoy my 2 400 horsepower cars and garage. lul

>>52913963
Haha what a funny picture !

>>52913937
>Actually unbreakable contracts exist
Unbreakable? The blockchain can't actually force anyone to do anything in the real world. The best it can do is take your tokens away as a collateral if you default on your debts.

>>52903380
Liking popular thing I never got into because I'm too dumb to understand bad

>Popular thing goes through a rough patch.

Im a genius, told you popular thing bad.

>>52910005
You're just old. Your brain is too calcified to grasp what crypto can do. It's never going away. It will continue to to grow and develop until it becomes the defacto standard. Just like the internet in the 2000s. People will wonder how we ever survived without smartcontracts and blockchains. They will wonder how we every survived storing our information with centralised entities. You're a boomer. Tell me, were people saying the same things about the internet that people are saying now about crypto?

>>52913794
>As opposed to a stock on the stock market?
Gives you ownership in a company backed up by the monopoly on violence of the state.
>As opposed to any business?
Generally directly or indirectly has ownership of physical assets, backed up by the monopoly on violence of the state.
> As opposed to banking which just prints money out of thin air?
Money you still need to pay taxes and accept for services, enforced by the monopoly on violence of the state.

True value derives from the barrel of a gun, the state has the biggest ones.

>>52914552
>True value derives from the barrel of a gun
No. You can't force or threaten people to place value on dirt. The reason why people use fiat is because other people value it. Nobody cares what the government thinks. Nobody will use a government mandated currency if it's inflating by triple digits every day. Weimar Germany proved this. People ended up bartering goods instead or using foreign currencies. The only reason why people use fiat is because of it's utility as a easily transported store of value. If it fails this condition nobody will use it. Simple as.

>>52914552
Also, a state can be overthrown. See Imperial Russia and the Bolshevik revolution. Russian bonds became worthless afterwards because the previous government with "it's guns" collapsed and a new power dictated the terms.

>>52914673
>Also, a state can be overthrown
You don't even have to overthrow the state. States can (and have) just said
>yeah we're not honoring our bonds anymore lol

https://en.wikipedia.org/wiki/1998_Russian_financial_crisis

The appeal to the state argument is dumb, both for currencies and for enforcing securities laws over stocks, options, etc.

>>52903255
They are right. The web must remain free while the web3 all is paying to make a simple action it is necessary to pay 30$ of gas fee. It's nothing more than a ponzi

>>52903255
The masses are not anti-crypto. They are anti-cryptard. They are sick of cryptards bullshit, lies and scams. Bitcoin was supposed to be method to transfer money not a speculative asset. The masses are looking forward to the pending collapse of crypto just to get cryptards to stfu and go broke. Then the world can move forward with digital currency finally in a controlled regulated manner that doesn't have risk of loss, scams, bullshit and lies.

>>52904276
>I also want to kill myself.
based

>>52903255
There's so many complexities associated with crypto. It's getting better though, with solutions that help simplify using the blockchain and crypto for everyone.

>>52913707
I believe projects like ORE already make it really easy for normies to get onboard on web3 and uses DeFi without much hassles.

>>52909282
>atleast use a Merkle Tree
It does use Merkle trees...

>>52913460
this

The alternative is the CBDC-UBI-MAID future.

>>52903255
>>52903540
>>52907260
>>52907650
>>52913495
>>52913589
To an extent ML really is just a buzzword for fancy statistical models with a lot of parameters (like neural networks), and quite frankly it's not that special. The main use it has is modeling systems that are too complex for the practitioner to model or analyze from first-principles, or for approximating an arbitrarily complicated nonlinear function (like a Q-function in reinforcement learning/AI). Personally I don't think ML is a meme, per se, but it is hyped up way too much by midwits who want to sound smart even though they have substandard knowledge of math and statistics.

>>52910005
What you think or feel about an investment doesn't matter. Do you actually think logic will work in the world we currently reside? If you want a real tangible explanation crypto is being propped up in bear market by bots and people with deep pockets who have been in crypto for a long time. There WILL be another cycle, for the simple fact that everyone thinks there will be.

Because it's useless and requires a lot of electricity and graphics cards for mining ?

>>52913460
This, I tried telling people about crypto back in 2017 but none of them would even buy a single token. Then when it went up suddenly they're all interested or telling me shit like "man I should have listened to you... blah blah blah".

Now I don't tell anyone, I use my coworkers as a buy/sell signal. Right now they've been laughing at crypto good time to buy

>>52913661
crypto is going to shit with binance fud. cash is the best form of payment.

>>52917346
The main use is creating porn and mass surveillance.
The OpenAI faggots are too PC to create porn though.

>>52913557
There's no way CBDC would survive. No privacy or decentralization. stands against everything crypto

>>52917433
Don't worry I'll fill the niche.

the amount of bottom signals in this thread are making me buy like a rabid dog

>>52917302
>december 2013
Holy shit take me back bros.

>>52917479
You could actually use it as currency, not just swap tokens crypto scammer exchanges.

So yeah, it would survive.

>>52903255
There were probably electronic engineers who thought the internet was a bad idea back in the 80s/90s as well. Some people also think the world is flat. There are idiots abound.

>>52917537
The internet has give me porn, ML has given me porn, crypto has failed to give me porn after decades ... it's fucking useless.

>>52917433
>>52917555
checked and kek

>>52903255
probably the association with right wingers, but even those fags hate it because muh globohomo
basically, it only appeals to sensible people and criminals again

>>52903255
> For No Reason
> Literally 90% of all crypto ventures over the last 5 years has been shown to be a scam, rug pull, or ran by literal retards.


Hmmmm I wonder why.

>>52903255
because the jews haven't told the masses to accept it yet. Give it time

>>52903419
So is this what buying in at $30k sounds like?

>>52903255
SHOW ME ONE FUCKING MONTHLY BILL THAT YOU PAY IN CRYPTO (A MONTHLY BILL THAT IS NOT YOUR GAS TAX), YOU FUCKING BITCH

>>52909829
CS midwit cope, ngmi

>>52910005
>You're buying a string of numbers with no real world application and no obvious future.
The same as fiat, thin air and only numbers in a computer. Ask the FED or ECB, it's their words.

>>52913435
>Haha, it only took me 4 years when I was young as fuck. Why would anybody not get a degree.
I mean the field in general, code monkey, etc. It's bottom of the barrel shit.

>>52913970
This has to be parody right? You can't be this cringe.

>>52903255
SWE at a financial firm, multiple degrees. I don't like crypto for two reasons:
1) I missed the boat on Bitcoin. Rather, I sold the boat to buy acid on the internet when I was a teenager.
2) Web3 is fucking dumb. Literally nothing of value has been delivered. It's all gimmick after gimmick used to draw in liquidity that is dumped on by whales.

>>52903255
Technology wise it's boring. It's a solution with no problem 98% of the time. It's practical and interesting use has already been established early on its history with silk road and shit.

However crypto for a while was effectively a lottery ticket with very very good odds. You could have bought almost anything in Jan 2021 and made money. Even REQ pumped allowing 4 year baggies to escape. But the perceived risk made people who could have really use that money opt out.

So at the end of the day it's basically anger at missing out on "free" money and has no interesting facets regarding its technology.

blockchain solves absolutely nothing

>>52913970
HERE IN MY GARAGE

>>52903255
Is this the daily "I've lost 80% of my investment" cope thread?

>>52903255
I have one Bitcoin, that is all. Everyone else is faggot.

>>52903255
Maybe because the only crypto you need is tether and everything else is fairy dust and objectively a scam, you fucking imbecile. Software engineers are the dumbest people on the planet. Finally AI will take your job and I will finally stop seeing your low IQ takes everywhere. Good job for building your replacement btw.

>>52919940
That's retarded. Why then would institutions be hell-bent on adopting it

>>52919903
>Web3 is fucking dumb
It's dumb only because your retarded ass can't figure it out. Web 3 auth protocols are there for newfags like you

>>52913557
You seem to be ignorant about the implications CBDC will cause, especially to the privacy rights of crypto users.

>>52919903
>Web3 is fucking dumb. Literally nothing of value has been delivered. It's all gimmick after gimmick used to draw in liquidity that is dumped on by whales.
you don't think infrastructure that doesn't require traditional security controls like firewalls, or eliminates serious issues with identity access management, or guarantee preservation and anti-manipulation of data is anything of value?
shouldn't have expected much from a code monkey anyways.

>>52913012
>Nobody gives a shit about your NFTs or zk proofs
Speak for yourself you retard. Thanks to zk-poofs, Railgun introduced privacy into defi by enabling on-chain privacy across multiple chains

>>52903255
>Media brainwashing? Cope for missing out? Being a couple clicks too dumb?
yes

>>52913780
>New money bad
Holy shit nocoiners are peak retard

Burnt by tulips and beanie babies

>>52913661
On the contrary, CBDC will have a high resistance level, except its adoption does not interfere with on-chain privacy

>>52903419
>lame the heckin chuds for buying in early.
Chuds hate bitcoin to this day, just look into every single pmg tranny thread = chud containment thread on /biz/. Also look at pic related about /pol/s opinion on bitcoin back in the days.
Chuds only buy low iq shit like trumpcoin, link, icp or the new trump nft collection.

The System creates a hologram of the "populist alt right nazi qanon proud boy right winger" and incites left / liberals against it. How The System tells them to fight against this hologram is by materializing the goals and directives of corporations, wall street, the deep state, the military industrial complex, the central banks and the billionaires.

>>52920261
Show me the use-case that doesn't have a speculation driven token grafted to the side of it.

I don't hate gambling per say but I don't trust any of this shit really ESPECIALLY Central Bank Digital Currency.
I think if your government is starting to get a chubby for digital currencies then PANIC. Although if you think that's "hecking cool" then you deserve living in a pod & eating bugs.

Also what happened with those Canadian truckers, didn't their wallets get watched like a hawk if not blocked?
What about any Russian citizen after the Ukraine conflict started, is it still usable after jumping through many hoops?

>>52922772
https://blog.chain.link/smart-contract-use-cases/

Here's a few

>>52923705
>that doesn't have a speculation driven token grafted to the side of it

>>52903255
Every single person who hates crypto, besides gold bugs who are jealous they missed out, are Keynesians. Find me an example that proves this wrong.

>>52923692
Fiat on/off ramps at CEX's were blocked for the Canadian truckers. It is impossible to block a transaction on the bitcoin blockchain, but you can block fiat on/off ramps. LocalBitcoin and other peer to peer exchanges can't be stopped, however.

>>52923730
Curious, how would you develop something like Chainlink without a token? Make payments dependent on USDC? Use a chains native asset, if so which chain? There's some obvious risk creating those dependencies.

Anyway read the article for what it is and replace all mentions of Chainlink with "oracle network that doesn't exist and that doesn't have a token"

>>52920251
stop being so paranoid
who radicalized you

>>52903255
an incredible amount of people are still stuck on thinking all crypto is horrible for the environment.
also, a lot of redditfag crypto people are just annoying.
anti crypto people make me happy that theres still room for growth, though

>>52923830
>Curious, how would you develop something like Chainlink without a token?
By having a company like Oracle or some other trusted third party deliver information to people wanting outside information directly and receiving payments in (say) USDC or ETH. Chainlink has a multisig on it's price feeds so it's already pretend Defi and you have to
>trust
the multisig holders that they're not going to get hacked, turn evil, etc. and fuck over anyone dependent on their information. If you're going to have sticky human fingers capable of wrecking a system regardless, you don't need Rube-Goldberg mechanisms or a legally dubious token stapled to the side of it that just complicates compliance with securities laws.

I'm not him and I don't dispute
>some
usage for smart contracts, but using Chainlink as an example of how these things aren't scammy or "let's slap tokens onto things that don't particularly need it because we want to get a Lambo betting on it" is a pretty bad example. It would be like if someone asked you to prove that cryptocurrencies aren't centralized and then you brought them articles written or about Ripple.

>>52903419
This. It’s 100% sour grapes.

>>52923961
Or you could just have a "legally dubious token" stapled to the side of it.

>NOOOO IT DOESNT COMPLY WITH LAWS
fucking fag

>>52924130
Didn't address anything I said and you're acting like a giant baby because you can't stand even basic criticism of something you're holding.

>>52924238
I'm sure someone will come along to spoon feed you.... I just... I won't.... SORRY!

>>52920204
The Internet is about the free flow of information, why do I need a wallet to browse it?

Oh wait, Web3 is about turning the grift up to 10000. Hook your unregulated shitcoin wallet up so you can auto-paypig to read the (((news)))!

>>52903419
Certainly you can make quick money off crypto, just like you can with NFTs. But the truth is they still offer nothing of real value. Does it hurt you seeing that not everyones life goal is making a quick buck?

>>52924354
Yeah that's why google is valuated at 1.5 trillion dollars

Love how confidently wrong shit eating goyim is. And when a fairer solution develops you defend the corpos like your life depends on it.

>>52924410
Love how subhuman faggots like you immediately start screaming about jews as you hand your welfare money over to (((SBF))). The ultimate pay pigs, paying thousands of dollars for auto-generated pixel art.

>>52903255
>for no reason
kek

>>52923851
>>52923961
Two of the biggest retards ITT. Just keep trusting the heckin tradfi kikerinos, they certainly have our best interests in mind and close to their shrunken, blackened hearts!

I don't mind people who see crypto for what it is (volatile speculative asset) and play the game accordingly, but the ones who think it's some kind of long term store of value or some kind of future money replacement are fucking retarded.

>>52923823
So they just made it a pain in the ass for them to cash out to buy simple things?
I like the idea of it truly being uncontrollable but it's shitty if you can only buy from those who sell to dissidents.

>>52924953
Essentially, yeah.

>>52923951
There's still a lot of room for growth. Barely 50 million people use the blockchain right now, and that number can only keep growing with solution like OREID that especially makes it easy to get started.

>>52924688
No one has time for your conspiracy theories. CBDCs are safe, and they are the future. Everyone I know is very excited for these developments in the tech space.

I can't even being to understand how people on this board can be so against such incredible innovation

It is more crypto than crypto itself, normie. .

>>52924879
>Subtle fantom shill
>>52924953
The government froze people's bank accounts, they couldn't do anything with their cucknadian funny money anyways. They could at least move and spend the crypto.

>>52923851
It's not paranoia you fucking fat pig. What's the fucking point of crypto if your assets can be censored, monitored, and tracked anytime without restrictions.

>>52920251
Anyone who cares about privacy can shield their coins with Railway/Aztec or swap them into privacy coins like Monero or something. It's a choice

>>52924354
He was obviously referring to the blockchain side of it, which most people often find difficult to interact with, especially with dApps

>>52923961
>Just centralize the oracle to a "trustworthy" party like Oracle!
Yeah let's let a single entity have complete control over data that secures and settles billions in value.
You literally don't get it, I see that now.

>>52903419
This, but also people who bought near the top and ended losing all of their money because they are retarded trend hoppers.

>>52903255
Because they don't understand it and it's easier to believe, and feed their confirmation bias with low quality journalism, that there's nothing there than to believe they're too dumb to understand. It's always hard to consider that one may be too dumb and wrong.

>>52927129
What the fuck do I need the blockchain to browse the Internet? To have a permanent store of everything I'm doing, AKA the creepiest and most permanent spyware ever created?

https://ethereum.org/en/dapps/#explore

Why would I interact with any of these actual Charles Ponzi tier shithole apps? "Give me your money and withdraw 40% APR gains at any time!!!!" Have you ever opened an Economics or Finance textbook? This exact kind trash with the exact same wording is featured there when explaining financial scams.

>>52927880
>Yeah let's let a single entity have complete control over data that secures and settles billions in value.
I'm glad you see why I dislike Chainlink too.

>>52913912
Nah not really. Stock have so much dark pool and off market trading, not to mention Wall Street controls who wins. If you don’t own enough to have a meaningful bod level vote, you are just speculating. Price goes up because people are jumping on the FOMO train. Price goes down because smart money understands how to take profits. Not really any different than a Ponzi scheme. Basically all trade works off of that principal, it just comes down to who controls the chips. There is real future potential for people to build on an autonomous program on a decentralized blockchain that provides a trustless solution. As long as it’s a fixed system once everything has been fully disbursed, it no longer has the effect of some entity at the top waiting to take advantage. It levels the playing field. Not like Sergay and his fucking link dumps.

>>52903878
>"But I thought you were a long term investor"
>"I was, already 1+ years"
This has GOT to be fucking fake

I'm anti-crypto because the more I spend learning about it, the more I learn how fucking retarded it and everyone who legitimately believes in it are. It's like finding the front car of a trainwreck, following it, and every subsequent car is fucked up in increasingly absurd ways.

Just off the top of my head, did you know that Ethereum's plan to speed up transactions requires them to find a solution for P=NP? Or that the lightning network is based on an unsolvable computer science problem (Canadian Traveling Salesman)? Or that people who think Bitcoin are the future of money think my fucking dad, an electrician who barely knows how to work a TV, is going to accept needing to remember seed phrases and constantly dodge scams, or he loses all his money.

> Oh, you're just mad that you didn't get in at 100! I'm a millionaire off bitcoin!
Congrats, you found bagholders for your magic beans. Go enjoy it and buy actual things like a house.

The only successful product out of blockchain tech is Monero. And only because it embraces the only things the technology can accomplish.
> (Bitcoin/Ethereum/Whatever-Shitcoin) is only good for money laundering, scamming, and buying illegal goods and services
> Noooooo, it's the future of money! Or digital gold! Whatever, you just don't get it, I'm rich!
> Monero is only good for money laundering, scamming, and buying illegal goods and services
> Fuck yeah bro, you wanna buy some smack?

>>52903255
There is a difference between tech that is interesting and potentially useful, and tech that you are interested in investing in. Crypto is interesting tech, but it's a clusterfuck of scams at this point.
>Show me another asset that does 1000x !!!
Nobody is saying that crypto is never a good investment, but that volatility goes both ways. There is no inherent value of the tech, and there is no discernable relationship between the quality of the technology and the value of crypto. Most people just want a way to park the little bit of extra money they have so they are much more likely to invest in a rental property, bonds, 401k, or a small business

>>52920251
>especially to the privacy rights of crypto users.
I hope TIDV can stand in and fill the gap.

>>52903255
>implying for no reason

>>52917160
Oh shit you're right.
Thanks for correcting me.
I can't believe it took someone this long to point out I have no idea how the blockchain actually worked.
I remembered a random DS I would use and never looked further.
t. FAGMAN engineer

>>52914552
Partially true, but giving in to this will make you end up either a facist or demoralized. You need liberty in your life to function.

>>52914642
Principially, the legality of the state is based on outsourcing of rights and sovereignity. If you're deemed a criminal - however the consensus and who's partaking in it - you're 'legally' stolen of your moral rights by force.

Also, the single principle that underscores the legality of state (enforced, which can't be argued against is immoral, because no mechanism for opting in and out of it exist "to protect you from criminals and guarantee your rights" yet in truth, it is the people on top managing the system who's setting the rules) is that you can always make your own unit of credit and account, functioning as a currency.
The state, to my horror, will never thread over this principle, because that will be the single most determing factor that juridically will cascade into so many symptoms showing the people the state in moral principle is illégitime and only backed by blind faith, force, works without accountability (which blockchain technology can solve), and thst the design to make it work as promised and intended by the greater fools who work overtime for basically evil people, who have mastered their own on-top system backed by contracts of mutual destruction, and time and time again throughout history these people have been the reason why evidence keep on dissapearing from the weights of consideration when people design social consensus.

So, simply, if you design laws backed by force people can optain power within that system. The only way to do this is designing a system behind "legality" which is maintained by a unit of account backing the creation subtokens of utility, like legality, to be over the people servicing it with a sort of opt-in-opt-out machanism, for instance, liquid democracy, so that if any system is given no single fucks in any given moment it will drop to the ground and die.