Re:Crypto is an unproductive bubble
by FridgeSeal on Monday March 21, 2022 @04:21AM
(#30751606)
Unfortunately I think I'd still prefer to have the energy, rather than the imaginary internet tokens, because once again, at least the energy is...useful.
Re:Crypto is an unproductive bubble
by mattwilsonn888 on Monday March 21, 2022 @04:56PM
(#30759600)
Its comforting to know the loudest critics refuse to face facts. That is actually how I predicted the run up to the last bull market - when the critics resorted to old or ignorant arguments. Have you heard of Chesterton's Fence?
Re:Crypto is an unproductive bubble
by FridgeSeal on Monday March 21, 2022 @05:37PM
(#30760045)
> That is actually how I predicted the run up to the last bull market
That’s nice for you I guess?
> Have you heard of Chesterton's Fence?
I have, but this comes across as a slightly more sophisticated version of the fallback that’s often resorted to by defenders of crypto: if in doubt, claim that your opponents “simply don’t get it” or just proclaim “have fun being poor”. We understand crypto too, we’re just not convinced.
Let this sink in: crypto is money that is backed by energy. Finally a money that is backed by some tangible thing. The systems providing it might be suboptimal, but the basic premise, that this is finally backed by a universally accepted thing, energy, is absolutely perfect.
Just like coal is concentrated sunlight, crypto money is concentrated energy.
Thassal.