The fiat World is not Capitalism, it's so far detached from it that even comparing it to that shows just financially illiterate most are; but it's true Bitcoin doesn't solve many things, least of which is financial equality, but that is why founders and early adopters should be awarded: we took all the risk and built the infrastructure.

What differs is we have a vested interest in the new adopters succeeding and applying their Human capital and resources to this to create a more sustainable that does ensure it is FAIR. The Fiat World is incredibly unfair, and that is what i think keeps so many from even seeing the many benefits of Capitalism, which I subscribe to (Anarcho-Capitalism) but I understand is inherently flawed.

Still, its far more sustainable and beneficial and has already proven to be able to accelerating the advent of renewable energy and more distributed approaches to problem solving without the need for a centralized entity. And for most of my Lifetime that was never thought to be possible, outside of open source tech online, let alone something that could shift the very paradigm for a non-destructive system that treats Capital like an endless dole from the State and Central Banks based relationships.

I've been focused on being a multi-planetary Species but the truth is if we haven't solved this glaring issue caused by fiat we have no way of colonizing a planet if we have a business cycle bust/collapse and hyperinflation every 8-15 years, and the aver age of fiat currency is 40 years, which is nothing since Mars will take centuries to millennia but most of the proponents of this fiat system cannot even fathom this, let alone the need for the developing World to enter industrialization and higher standards of manufacturing for us to even have SLIGHT chance and making this happen.

Again, I don't think most people are financial literate, let alone deep thinkers on more than just the basic question like: why does my iphone cost so much.

Ultimately dapp (I hate that term but have long since grudgingly accepted that it's become ubiquitous in the industry) development is just normal web app development except that you might also be making AJAX requests to a blockachin and possibly also writing your own smart contracts. Writing your own smart contracts is a somewhat distinct skillset, but the rest of it is just normal web app development.

That's too broad a question, and really depends on the ecosystem, but I'll narrow it down for you if you want just want one obvious use case and I can expand as I go: verifiable proof of ownership.

Something like Melvin Capital shorting 138% of GMS's stock would be impossible in a properly regulated Market, one that prohibits endless speculation and the wanton destruction of Capital for the sole purpose of making money gambling to take a business down as the outstanding shares cannot simply be willed into existence if they need to be cryptograhpically verified and exists solely on a blockchain, but most likely a sidechain/colored-coin system that still has the same properties.

Naked Short selling maybe technically illegal, but that is in name only and in continues unabated to this day, hell the SEC refused to look into this obvious collusion between various hedge funds (citadel/melvin/Steve Cohen) but speculation about trying to go after Elon for taking to Social Media and talking about Bitcoin is enough to warrant a possible investigation?

Also, deed ownership, be it land or property: government's entering hyperinflation and dissolving is a perfect time for asset forfeiture on a national level (nationalizing) by the vying faction and is responsible for so much unnecessary misery and wasted Human Capital: I wish I still had this interview that really touched me it was with Suboi, a now famous Vietnamese rapper, but relatively unknown at the time and her parent's issue with trying to convince the Vietnamese government that they owned the home before the War happened but they tried to make all kinds of excuses to repossess it as she was growing up: its the basis for her song 'Đời' talking about her father's attempted suicide and thier monetary troubles as a result of this dispute with the government.

Same thing happened in Katrina with FEMA and settlement checks as ownership of the home had been on a legacy basis that had roots from sometimes from colonial times.

Lastly, and most vivid to me is over coming censorship, but specifically financial censorship: I did it and I could write a book on the matter. But suffice it to say, I was really touched by Paxful's work recently as they just built their 4th school in Nigeria instead of 'moonboi'ing it' and buying 'lambos' with the wealth their startup created and have instead focused on help build the the Nigerian economy and it's entrepreneurs to create wealth all while their Government is actively trying to deem it as the source of all it's problems, not least of which ~12 inflation per annul that is a direct result of poor monetary policy coupled with even worse insular laws and ossified fintech solutions.

My most ambitious and craziest goal/aspiration of all is something Elon just made possible with adoptiong Bitcoin and making it clear a crypto will be used on Mars: Bitcoin serving as the medium of exchange for inter-planetary trade and commerce, and a settlements network.

Banking even in the West doesn't even work on weekends or past 5pm and people are just assuming we can keep carrying that corpse on our backs as we are slowly getting closer to becoming an multi-planteray species is beyond me and I cannot emphasize how critical that will be in just the next 2 decades.

Voting is another one that should also be clear, given Trumps fomenting of violence in the capital reminding why its best to have open and free elections that can be verified by anyone in real time. Several countries have attempted this so I'm not going to into depth as the information exists, and that's just focusing on what we've created in the last decade, I think the next 2 are going to be an even more interesting ride as I cannot even what is next and this tech moves so fast.

UBI would be another one, but to be honest Aurora failed and we didn't gain much useful info from it's failure, so this is one we have to wait for Nation states to fail (even more than the US has with unemployment apparently) at and we can quickly iterate from there as the technology is just way more robust and capable now.

It didn't short 138% of GME stock. GME short interest increased to 138% while Melvin and many other hedge funds were shorting it. Melvin didn't do that singlehandedly.

> Naked Short selling maybe technically illegal, but that is in name only and in continues unabated to this day, hell the SEC refused to look into this obvious collusion between various hedge funds (citadel/melvin/Steve Cohen)

There is no evidence these firms colluded or engaged in naked short selling. Naked short selling is when you sell short a security without first entering into a contract to borrow the security. Short interest is orthogonal to naked short selling.

You corrected yourself to include that they weren't alone, but whatever... but that still doesn't change the fact that this would be impossible to do if it were a blockchain based system with these parameters built in, you cannot fictitiously create more of something that exists in order to benefit you or your industry and then suspend trading when things get out hand in that blockchain environment, as its completely out of your hand and the fraud in impossible to forge. And clearly with a trillion dollar market cap, and growing, we proved that it pays to play by the rules.

> There is no evidence these firms colluded or engaged in naked short selling. Naked short selling is when you sell short a security without first entering into a contract to borrow the security. Short interest is orthogonal to naked short selling.

Ok... we're done. This is going no where, keep downvoting as that seems to be your only recourse but you being blind to this obvious reality that SEC is selectively applying the Law (which also happens to apply to OTHER Naked short selling) isn't changing the fact of how obvious this collusion was and nothing I say will change that.

You want to pretend these markets are fair, go ahead, and I'm not going to waste my time... But my points for Blockchain based tech solutions that exist are already there and your make believe arguments notwithstanding will not make them go away.

Why? Shorting above 100% doesn't "create more of something". Why would a blockchain based trading system prevent me from short selling a stock based on what other people are doing? I've got the stock in my wallet. It was loaned to me by Bob. I can sell it to you right now. Why can't I sell it?

Because it adds no value when shorting is nothing more than a predatory model to extract wealth from the useful (entrepreneurs) to the useless (speculators). Consider the World's riches man only became so when the speculators made Tesla the most shorted company.

I think this shows, once more, that the Capital Markets as we're forced to believe are anything that and more a massive casino with reckless gamblers with connections to central banks endless money printing. And that's my problem with this more than anyting else, it's not fair, its not efficient it's a forced construct by the entrenched powers to create even more entrenched and systemic gaps in wealth and Society.

Do I really need to talk about 2008?

Ok, I stand corrected, and I don't mind accepting that, but that doesn't diminish the value of my response; none the less I appreciate the correction.

So true. I wish I had had the opportunity to live in the golden age cypherpunk CA of the 1970-1990s.

> Their work is not their own, and they are beholden to their employers for identity and purpose, and Bitcoin is just a reminder of why it might have been a waste of time when M1 and M2 spikes happen.

So true. If only they could listen. But they are too emotionally invested in their mistakes. So they try to find meaning and happiness with the peanuts that are thrown at them.

> They thought they had it so good, for so long, so now when something comes along and shows them that their jails are opened they suffer from a sort of anxiety when they're not in one

Thanks a lot for taking the time to write that. It helps me understand them better.

Like you, I have tried to understand the people who single hand reject crypto on HN.

My conclusion is that it is due in part to the golden jail (good paying job in FANG tech) + not wanting to bite the hand that feeds (corporate overlords / governmnent) + intellectual laziness coming from a mix of a golden jail + old age (most people here seem to be over 40) - but the icing on the cake is this anxiety.

I have talked with some people like arcticbull (a HN permabull on all things crypto) and he said he also has the irrational fear of being defrauded.

I think it is a manifestation of the anxiety you describe: the fear their effort were meaningless.

> lets just build it for them, but give them a key they can keep inside and use if and when they are ever ready

The airdrops were like that. I have seen myself very intelligent people sell their airdrops for a handful of dollars. In a way, this free crypto was lost on them. They got a few burgers. More patient people got at least a car.

If you have friends you want to help, don't give them crypto: they will immediately sell it, regardless of the price, because they are afraid of the variance and not very rational. They are the kind of people who would eat the seed gains instead of planting it. They are unable to think long term (maybe from growing up poor, or having to work a job to get money?)

Instead, keep the crypto for them, and bestow a part of it when the time is right, in fiat, at an amount you think adequate to their immediate needs. You can always give them more later.

But I always thought giving them the benefit of the doubt was the best strategy only to see how absurd it was for being so trusting... still I think it doesn't matter, we have so many of the Silicon Valley king makers on our side, YC included, so they will just follow when the time comes.

I wish I could find the academic research paper, but their was study on massive paradigm shifts throughout History and it concluded that in some of the most momentous, from things like the US and French revolutions to the migration of users from Myspace to Facebook, it was only between 5-15% of a studied populace to make them successful, and the rest just follow what those aforementioned do.

This is incredibly sad to me, because while I detest the spying business models this generation of SV guys work under, I always respected their intelligence which is why I keep coming back here, now I'm seeing they are susceptible to the same rationalizations that we see in the so called 'normies' that made ultimately made us bond despite disagreeing on talents/skills/interests as technologists.

Still... I think we're only now entering the enterprise and institutional adoption curve, they have a chance to pivot and use their immensely bloated salalries and still do ok, but I don think that is what is the core issue: they have delusions of being Chamath, or Elon being some low tier coder not realizing that the paradigm they function in is antithetical in ever creating another wave of Chamths let alone another Elon.

They will sabotage you and your startup, and even short the living fuck out you if you're already public while praising your efforts in public, if they have the slightest chance and fund both sides so that at best they will use you to get a fat IPO exit for something as stupid as doordash that relies on consolidation of any Industry for Megacorps.

First they ignore you,

then they laugh at you,

then they fight you,

... and then they buy bitcoin

Also noticed the same in regards to kubernetes, only in the last six months has it become "acceptable", and yet it is everywhere and used for everything. Just plain ignorance. But, as the above quote tries to show, lightly, eventually Bitcoin wins.