| >Ad hominem attacks undermine your arguments and suggest that you don’t actually have very strong argument, instead you’re forced to attack the character of the person your discussing with, due to an inability to attack their argument. Try harder. I did attack your arguments, including many other points and I never called you a loser. Quit being so defensive. I said those who continually look for ways to make something not work, rather than finding the ways they do, think like losers. And I back that 100%! The only of the two of us who had made an ad hominem against the other is you, by saying I have an "inability to attack their (your) argument." Thanks hypocrite! >Unfortunately crypto has descended into little more than get rich quick schemes that take advantage of naïve investors, or produce profit by externalising all of the negative consequences of crypto mining (such as CO2 emissions). Forcing the rest of us to bear that long term cost, for a grifters short term profit. I'm not a fan of stable coins, but how many people you reckon are buying DAI or USDT with the idea of striking it rich? I hear this sad sad false diatribe over and over, completely ignoring that crypto-currencies are currencies and not investment, with people getting mad that crypto is not an investment that is going to provide returns for naive "investors." And then they go on to attack crypto for not living up to being an investment! >I used be a fan of crypto, did plenty of trading, bought plenty of pizza etc with it. When to meetups, evangelised crypto to friends and family. Back then it looked realistic that crypto could be a genuine currency, and the concept of DAG was incredibly. So you were a dogmatist for, and then apparently now a dogmatist against. Try being a neutral pragmatist that doesn't believe crypto is an investment utility but rather one possible financial engine that allows electronic transactions without KYC or centralized authority. |
Re-read my comment, that’s not what I said. It’s difficult to have a discussion with someone who selectively quotes text, and deliberately ignores the wider context.
> I'm not a fan of stable coins, but how many people you reckon are buying DAI or USDT with the idea of striking it rich?
One of the original stated goals of USDT was to provide an on-ramp to other crypto, and do an end run around KYC and AML laws. People don’t buy these coins to get rich, they buy them to either purchase other coins, or to temporarily insulate themselves from crypto volatility, without having to resort to fiat. Additionally the fundamentals to USDT have been called in to question may times, with plenty of evidence that whole things scam and someone’s stolen the backing fiat.
> Try being a neutral pragmatist that doesn't believe crypto is an investment utility but rather one possible financial engine that allows electronic transactions without KYC or centralized authority.
I’m not sure how you’ve ended up deciding that you think I treat crypto as an investment, not a currency, after I’ve explicitly said the opposite.
As I said I believed that crypto could be a very interesting and useful currency, unfortunately it’s not panned out that way. Saying we should treat crypto like a currency when it doesn’t behave like one, and when most people don’t treat it like one, is hardly pragmatic. A more pragmatic approach is to observe how others are using it, observe how it behaves, and treat it like that. If it looks like an value gaining asset, and people treat it like a value gaining asset, then it’s a value gaining asset. Not a currency.
To cover your eyes and ignore the reality of the situation is just foolish. It certainly does nothing to advance the cause of crypto being a currency.