Re:Announcing a16z crypto research
by api on Thursday April 21, 2022 @02:44PM
(#31113603)
There's an easy way to win this argument. Show me where I can easily find good cryptocurrency stuff that is not:
(1) Gambling (including "investing" in speculative non-corporeal assets)
(2) Scams (this includes misattributed art)
(3) Obvious mediocre junk created to cash in on a fad
I'm sure you can dig and find a couple of examples. The problem is that you have to dig. BBSes, the Internet, and the WWW protocol were instantly useful. One did not have to dig at all to find dozens to hundreds of legitimate use cases. We are in year 14 of cryptocurrency and you have to dig to find anything that is not a scam or crap.
For example here is the flagship of the NFT craze:
(1) Gambling (including "investing" in speculative non-corporeal assets)
(2) Scams (this includes misattributed art)
(3) Obvious mediocre junk created to cash in on a fad
I'm sure you can dig and find a couple of examples. The problem is that you have to dig. BBSes, the Internet, and the WWW protocol were instantly useful. One did not have to dig at all to find dozens to hundreds of legitimate use cases. We are in year 14 of cryptocurrency and you have to dig to find anything that is not a scam or crap.
For example here is the flagship of the NFT craze:
https://opensea.io/rankings
It speaks for itself.