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by idlewords 1852 days ago
Imagine if after TCP/IP was invented, people hoarded IP addresses and they became worth millions of dollars, but no one used the internet. If you pointed this out, they got mad at you for being a luddite or a noiper.

That's the situation we're in with crypto.
2 comments
imtringued 1852 days ago
The reverse is sort of happening with IPv4. ISPs are pushing more and more people behind CGNAT where multiple people share the same IPv4 address. This is a problem because some video games (Terraria) don't support IPv6.
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CryptoPunk 1852 days ago
People use Ethereum..

https://etherscan.io/chart/gasused

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idlewords 1852 days ago
They use it to speculate. In the words of Mark Cuban, "Traders borrow to buy Eth, used eth to borrow alt/stable coin, used that to LP a high APY Pair, took the SLPs and staked them to maxout yield."

Whatever that means, this is the world they're building.

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