Numberone @ Numberone @startrek.website

Posts

0

Comments

190

Joined

2 yr. ago

Yeah...totally...hate it when that happens😒

Guess you won. I'll just pack up and head out with all my wrongness. 🖖

Was aksing myself the same question🤔

Yeah that's true about losing access to your shit for sure. There are options like multisignature accounts that could reduce the possibility of theft, but really the danger in crypto is shooting yourself in the face and losing your keys. Theft comes from bad software around the crypto like browser extensions and shit like that, the blockchain itself though makes theft numerically impossible on timescales like the existance of the universe. But your point stands that it isn't user friendly, which isn't new to emerging technology.

On a personal note, I very much like the model of self custody of assets, and this is coming from someone who almost fucked up and lost their keys. Loss of assets is a possibility and should be in the mind of users, but the tradeoff here is that you always have access to your funds and control over them.

Another commenter stated that crypto is solution in search of a problem, and I don't think that's not necessarily wrong. I see that as optimistic because it's still a solution. It potentially broadens the space of possibilities from our sole option of centralized control by existing wealth/power structures.

I don't think that I'll be able to change your mind. I get the bad blood with crypto, really, but I guess I just don't share the absolute conviction that the whole thing is a scam.

The way you're breaking down ownership is true, but it's true about every form or ownership. The deed to your house? You don't own anything, that's just a piece of paper that someone says prooves that you have a right to live there. Whether that's saved in a county records department or a blockchain that doesn't really change. Point taken, but I think it's a broader point than how you were using it.

I'm not really sure what makes saving your deed information on a blockchain less valid than in a county records department though. I mean breaking it down, a blockchain is really just a ledger that keeps track of information in a cryptographically secure way. I think that this has gotten out of hand because of all of the get rich quick schemes, and that's fair. It's happened....a lot. But does that invalidate the whole endeavor?

The current exchange system has rent seeking vultures sitting on top. Visa, MasterCard, these fuckers sit there and take a percentage of every transaction that theY fascilitate. What are they doing? Keeping a ledger. We trust them to do it accurately and pay them steeply to do it. Now we have a self managing ledger that requires no trust from anyone. Can you really tell me there is ZERO use case potential here?

NFT's are a form of ownership (I know, I know, of a JPEG). If we leave out the scammy bullshit that NFT's have been in the past, then there are interesting things you can do with them. One company now is minting NFT plane tickets. The advantage is that if plans change or something you OWN that plane ticket, and could directly sell it on a seconary market or somthing. Another case would be for games. I personally like collector card games, like hearthstone and things like that. However when you play digital card games you never own shit. They could just close ownership down at any point...technically. with a set of NFT cards you 100% own it.

Beyond that, the ownership model in crypto can be empowering to users as well. One insurance company popped up that let you combine your funds with others directly in the form of their risk pools to provide the necessay function that insurance companies currently do and decreasing the amount of liquidity they have to maintain which can lower prices for consumers and provide for growth on your resources.

Not all of these things have succeeded. The main thing is a different take on ownership. Previously it has been that you give money to institutions and it's yours because you trust them. In crypto it's yours because that's how it's coded in the smart contract. I'm not a maximalist, but I think if that change can be capitalized on in certain cases it could work well.

I don't believe Minke whales are endangered either.

Seriously though. They fucking called it, unironically, the metaverse. That's a coined ass phrase. Distopian from the beginning. Weird choice on Meta's part haha.

Good idea! Thanks for the recommendation.

Snowcrash: pleasantly surprised by the quality of the world building, which I love.

Last one I remember was in like 2012. I was searching around for a wireless HDMI system and actually found and purchased it. For WEEKS post purchase this thing kept showing up in my adds. Everyone has case after case of these fuckers reading their mind and my only story is one that was so fucked it was funny. They were always overselling their capabilities I think.

Is that Alan Tudyk?