[colesantiago]

I'm glad we have more skeptical and competent people (and especially engineers) like Molly calling all this crypto nonsense for what it really is. More people should be aware of the real truth and ills behind crypto (yes even bitcoin), web3 and blockchain.

The reality is that it is all a scam and there is absolutely no justifying it.

You have people losing their life savings over this fad. People gambling in this distributed casino; addicted to looking at the price all day. The VCs dumping their tokens onto the unsuspecting general public for them to restart the scam cycle over again.

The only 'usecase' for all of this is for speculative purposes only. Which is what the majority of the people involved in this crypto hype are doing.

I believe that the recent Terra crash is the beginning of a complete wakeup call for the end for these crypto tokens.

This needs to all stop.

[tromp]

> it is all a scam > The only 'usecase' for all of this is for speculative purposes only.

As co-creator of a cryptocurrency that aims for simplicity and elegance, that doesn't financially benefit me in any way, and that happens to strongly discourage speculation, I take issue with this characterization.

[dataangel]

how can speculation be discouraged?

[tromp]

By a pure linear emission like 1 coin per second forever. That leaves the yearly supply inflation after n years at 1/n, taking a whole century to get it down to 1% [1].

[1] https://john-tromp.medium.com/a-case-for-using-soft-total-su...