News for hackers. Stuff that matters.
Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by herbst on Saturday April 17, 2021 @06:27AM (#26843150)
I honestly never experienced that. Its not like any crypto investor is running around converting others.
Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by tim333 on Saturday April 17, 2021 @06:38AM (#26843193)
There are people promoting it on youtube - I was watching some last night (What Bitcoin Did https://youtu.be/Pw6tfNh8DAk) but most seem to be recommending it sincerely rather than trying to sucker some fools in so they can cash out.

It's an interesting time in the history of bitcoin as we are starting to see a move from small speculators (number go up) to institutions buying in (it's sensible to diversify 5% of your portfolio into crypoassets as they have historically high returns and low correlations).

Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by herbst on Sunday April 18, 2021 @06:20AM (#26851251)
Sure i do talk positive about crypto too. But i would never tell anyone where to put their money.

Its just wrong to think all people in crypto are evangelising others into their ponzi investments

Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by ABeeSea on Saturday April 17, 2021 @06:39AM (#26843199)
How many crypto investors have you been around? I’ve had many, many coworkers trying to convince me to buy Bitcoin over the last decade. This is across different companies, teams etc. And I have definitely witnessed the same thing online.

I mean I wish I had listened because BTC was $50 a coin the first time someone tried to convince me to buy in.

Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by imtringued on Saturday April 17, 2021 @07:24AM (#26843405)
It was $50 at the time precisely because people failed to convince others.

I see lots of people fall into the "If I only had done X back in year Y, then I would be rich." fallacy. No, you wouldn't be rich, because the information available at the time didn't justify such a decision. If that information were available, Bitcoin would have been worth $60k in 2009.

Right now nobody can tell you what will happen to Bitcoin, because all available information is already priced in. At this point it might go up but it might go down as well.

Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by ABeeSea on Saturday April 17, 2021 @08:05AM (#26843644)
That wasn’t my argument but Ok.
Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by herbst on Sunday April 18, 2021 @06:17AM (#26851238)
Plenty. However maybe thats a cultural thing but i rarely have people insisting on any kind of investing advice. We might talk about stuff, but both sides know risks are involved. I never experienced evangelism IRL and i even spent some time in ctypto meetups
Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by dorkwood on Saturday April 17, 2021 @09:12AM (#26843991)
The entire crypto art movement is a marketing campaign designed to turn artists into crypto evangelists, i.e. convert others.
Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by herbst on Sunday April 18, 2021 @06:18AM (#26851246)
Source? Couldnt it be that some artists are just super happy they found a way to dsitribute their art lucratively?
Re:Nassim Taleb: Bitcoin failed as a currency and became a s... by dorkwood on Sunday April 18, 2021 @12:27PM (#26853834)
I’m not saying that all artists are in on it (probably very few of them are). But the truth is that the artists who are getting paid are the ones pushing NFTs as “the future of art” and who have the influence to rope in newcomers. Collectors in the space refer to this as “engaging with the community”.

The crypto-famous NFT collector “Silver Surfer”, known for dropping hundreds of thousands of dollars on NFTs [1], tweets “celebrities that fail to get engaged with their communities will continue to have weak secondary [NFT] sales.” [2] That’s weird, I wonder why the money would stop flowing if the artist stopped tweeting about NFTs? Doesn’t their art still have value?

The truth is, if you spend enough time around the crypto art community, you realize that there aren’t any “real” art collectors in the space. There are crypto speculators, and there are artists who feel obliged to “engage with the community”. The lack of real money flowing into the space is what leads me to label this as a marketing campaign, as opposed to a completely organic movement. It’s a somewhat decentralized marketing campaign, but it’s a marketing campaign nonetheless.

[1] https://twitter.com/makersplaceco/status/1359654252944105473

[2] https://twitter.com/7Surfer7Silver7/status/13827818844433367...