| > This is a gross misunderstanding of web3. Literally everyday there's an article that is posted that completely misunderstands cryptocurrencies and the related ecosystem. The most common critique I see on HN of this is that NFTs are garbage and rug pulls suck. Thats like saying the modern web sucks because a couple of shitty websites are live and you got your CC stolen by phishing e-mails. It just makes no sense as an argument. Crypto has a long, long, very long way to go but if folks truly do not believe that transferring something that we believe to have some value (i.e bitcoin, or USD, or whatever) without the need for a middleman, while also keeping your funds truly safe from external control (i.e banks, governments, and the like) then cryptocurrency is simply not for you, full stop thank you for considering it. In the first world, the full value of such decentralization and trustlessness will never be understood until they get burned like Sri Lanka, Lebanon, Cyprus, and other countries with massive hyperinflation and complete loss of wealth (temporary or not). The daily fluctuations of BTC are literally nothing next to the hyperinflation of the Turkish Lira, the Lebanese pound, the Zimbabwean dollar, and so on. As a side note, its getting kinda tiring to see these boring, lame takes on crypto which seem as half assed as they are uninsightful posted on HN. Lets get some moderation done on this front IMO. |