[spaceisballer]

I for one am surprised by the negative sentiment only because the tech industry seems to be all about it. I don’t see the problem it is trying to fix. Crypto by is terrible as a currency, transactions are slow and damn can they cost a lot. And the currency itself fluctuates a lot. It’s not really decentralized, it’s not really anonymous and it can be manipulated. There seems to be no end to people hyping crypto and NFTs, because if I get you to buy in my money may go up. But what exactly am I buying? Sounds like you just need a sucker and I may or may not make money, but since you made up this currency and a small number of people own the lion’s share I guess you all get rich. My take is that the tech industry has just created a new way to become even richer by making some confusing product to prey off everyone. Maybe that wasn’t the initial plan but it sure looks like that’s how it’s shaking out.

[tomc1985]

> I for one am surprised by the negative sentiment only because the tech industry seems to be all about it.

Between the prevailing trend of rent-seeking subscriptions and shoving NFTs/blockchain into anything that some knucklehead thinks it will fit in, tech is very much becoming grift culture as the nerds get run over by sharks, business types, and crypto bros

[convolvatron]

that trend started 30 years ago

[tomc1985]

The running-over bit, sure, but I feel like this neofintech stuff is enabling a whole new cohort of grifters

[blaser-waffle]

The difference is they're so much better at it now.

Social media allows for efficient targeting, and even if you know how marketing works it will work on you eventually.