Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    this frames crypto as the only solution, which is fitting for you, but no serious person thinks that
     
  2. user15000

    user15000 Well-Known Member

    No serious person lol. Let’s hear your solution then…

    Bank 1.2 billion people and give them property rights. My idea requires internet and a cell phone. What’s yours?
     
  3. Menelaus

    Menelaus The Red-Haired King
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    As a bag holder, you are all welcome. I took some profits in BTC in the 60k range, but never took profit on my ETH. I’m going to let it ride.
     
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  4. ohhaithur

    ohhaithur e-Batman
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    There's no solution, the rich will continue to fuck us, including with crypto. Eat Arby's
     
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  5. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    fully automated luxury gay space communism

    but also we could just make a global public banking system to accomplish the same thing you want, which isn't really a serious solution for much, but it doesn't inflate your all BTC bet so you'll find problems with it. capitalism is good at offering false solutions to desperate people to scam them though, which is what all this is.
     
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  6. user15000

    user15000 Well-Known Member

    Oh stable coins then? Ya that’ll happen too. Crypto dollars will be everywhere and take over all the shittier currencies.

    lol at scam. Don’t want to say Ponzi so I can hit bingo?
     
  7. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    Ok
     
  8. ohhaithur

    ohhaithur e-Batman
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    Betting on network effect when the pubic has a generally negative view (if not outwardly hostile view) of your product is probably a bit optimistic. Especially since media will be aggressively against it and share every scam gleefully
     
  9. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Dog eat dog world, no technology will change it
     
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  10. user15000

    user15000 Well-Known Member

    I disagree with the premise. Tether is a $78B product. USD coin is $50B. Binance USD is $17b. That’s nearly $150B of US dollar stable coins. It will be a trillion+ soon enough. The public does not have a generally negative view of stable coins, nor is it a bet. There’s plainly a massive market need for the product. And the US will regulate them accordingly, or it will transition to a central bank digital currency and everyone will use that. Either way, the future is “crypto” dollars for billions of people.
     
  11. ohhaithur

    ohhaithur e-Batman
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    "I have magic digital dollars already and when something bad happens I can call Visa and they'll fix it"

    -everyone over 50
     
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  12. user15000

    user15000 Well-Known Member

    Maybe in the US. Not everywhere else. Stablecoins are not solving a US problem.
     
  13. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    The truth is, no online database will replace your daily newspaper, no CD-ROM can take the place of a competent teacher and no computer network will change the way government works

    Is this 1995 again?
     
  14. ohhaithur

    ohhaithur e-Batman
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    People never hated cd-rom passionately because there were no cd-rom people
     
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  15. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Pretty sure you needed a disc of some format to install your aol internet or upgrade your operating system, install software

    but you’re right that got replaced rather quickly with another format several times over the last 20+ years

    People hate change. Change is inevitable. Yada yada yada.
     
  16. ohhaithur

    ohhaithur e-Batman
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    We've talked about this a hundred times. The tech is cool but it's toxic because people who vocally support it are generally toxic and outsiders love watching it fail

    Normal people will be anti adoption out of spite, which was never the case with any other advancement I can think of
     
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  17. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    I don't really see this toxicity outside of here, but I also don't go searching for articles or twitter posts to bring back here for a few likes.

    It’s not shocking that I’m going to look at the data behind companies building blockchain products instead of the person who had a bad experience with crypto and the other who just shows up here to talk negatively about it. It's my job and I also was very lucky this time last year with a few early purchases. That I do remember discussing on here multiple times.
     
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  18. ohhaithur

    ohhaithur e-Batman
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    I'm not saying it's how it should work but any casual conversation I've had about crypto in the last six months has been with people neutral at best. Women seem to hear a lot about the environmental impact. Men seem to associate crypto with apes. Those more familiar with crypto may throw money in but are turned off by the true believers

    This is just my bubble but it's dozens of middle class young people in three US cities.

    Like you said, we have lived through a lot of change, I don't remember anything that eventually got big but people thought it was terrible. Slow adoption came from lower barriers to entry (often price), not perception change
     
    #20219 ohhaithur, May 13, 2022
    Last edited: May 13, 2022
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  19. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    If my primary resource for crypto was TMB and something like Twitter I would fucking stay away too.

    I'm not innocent of the toxicity. But a lot of these perceptions for some of you have changed and are wildly different from a year ago when things were a little bit greener. And the same people who hate and are dismissive of crypto keep showing up to the crypto thread(s) to add to that negativity. That's pretty fucking weird and kinda shows how toxic their headspace is. I'll take my laps for getting defensive and shitposting in response to those types in the few threads I post in, while they do it in every. single. thread.
     
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  20. Redav

    Redav One big ocean
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    People do not always hate change, especially dealing with technology.
     
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  21. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    10 years of product management in the construction industry and SaaS says otherwise. I guess I'm speaking from first-hand experience and have a different perception than you do about some things.
     
  22. ohhaithur

    ohhaithur e-Batman
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    Reddit is toxic too. And obviously discord. Where would one interested in crypto find out more that's isn't toxic over the last year? Unless they have a friend already invested I'm not sure there is one

    The media loves an enemy so non-crypto people will just hear once a month about Luna crashing or apes being stolen or some idiot kid who accidentally fat fingered a bid and that will be literally all they hear about crypto and they'll form opinions around that
     
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  23. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Discord was an incredibly different experience in May 2021 than it is in May 2022.

    99% of the internet is toxic, though. We could keep piling on. Download .TOR and let's go see the other 90% of the internet. I think you know this though. And we both agree that the scams, market manipulation, and poor coding are a problem preventing new users from joining. As well as an incredibly poor UX, but that's where I get paid.
     
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  24. ohhaithur

    ohhaithur e-Batman
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    Yup agreed on all points
     
  25. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Big problem with crypto is the loudest people are the worst people.

    Stock market has the same problem honestly.
     
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  26. user15000

    user15000 Well-Known Member

    The Biden admin’s exec order on crypto estimates that 40 million Americans have invested in, traded, or used crypto. To say nothing of adoption in hundreds of other countries. I think you’re underestimating the public’s perception of the industry.
     
  27. ohhaithur

    ohhaithur e-Batman
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    I saw that. 16% off adults. What percentage of those do you think believe it's the future and not just a way to make money? Because I'd say maybe 25% of people I talk to would be a "yes" to the Biden survey and all did so as speculators

    Another survey found more people view crypto negatively than people who view it positively though
     
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  28. The Guglia

    The Guglia I Work in the City, and I Work Long Hours.
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    Can we go up one more time so I can wash my hands of this for good?

    Thanks,
    Glenn
     
  29. Wee Bey

    Wee Bey Well-Known Member
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    A lot of people are asking...
    [​IMG]
     
  30. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    You know she raises an interesting point, but I wanna hear from the kool-aid hair contingent before we make any final decisions.

    For people who love bloviating about idpol brainworms they sure don’t recognize it in themselves. Gentrifiers, big insurance litigators, pseudoscience self help gurus - I think they doth protest too much.
     
  31. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  32. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Just trollin gaiz.
     
  33. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    She seems to be pretty friendly towards crypto in general but it's not a surprise why this one was taken this way
     
  34. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    from my knowledge of most our crypto bois this is also true, but the second half of the thread is slightly less true

     
    #20235 Lyrtch, May 13, 2022
    Last edited: May 13, 2022
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  35. beerleagueman

    beerleagueman Well-Known Member

    a few edm DJ follows were Bernie Bros/Gals but the last year or so turned into basically crypto sales people.
     
    #20236 beerleagueman, May 13, 2022
    Last edited: May 13, 2022
  36. user15000

    user15000 Well-Known Member

    Worldwide crypto adoption is higher in Vietnam, India, Pakistan, Ukraine, Kenya, and Nigeria. But don’t let pesky facts get in the way of your stupid stereotypes.
     
  37. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Fascinating seeing someone try to get alpha on the crypto bros and speak on their behalf tell us more
     
  38. user15000

    user15000 Well-Known Member

    I think the percent of people dca’ing into crypto and who currently believe it’s the future is probably less than 5% of current holders. I expect that number to continually increase as UX, knowledge, spot Etf, Us regulations, etc. all develop.
     
  39. ohhaithur

    ohhaithur e-Batman
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    Yeah, I agree it'll grow but I think it's unreasonable to compare it to CD-Roms which were a significantly less important change than "how you spend money," were easier to adopt, and faced no vocal opposition in the media

    I know that was just an example from PTD, just saying
     
  40. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    The cd-rom deal was a direct quote from an article of people dismissing the early days of the internet

    people also said online sales wouldn’t replace salesman (isn’t this an office episode?)
     
  41. Penguin The Duck

    Penguin The Duck Well-Known Member / #NFT Influencer
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    Willing to bet the average user and most on here would blindly connect and sign these transactions. MetaMask pop ups are like reading a foreign language to most making it easy to exploit

     
  42. ohhaithur

    ohhaithur e-Batman
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    Oh for sure. I kept different wallets just assuming I'd get one scammed eventually
     
  43. user15000

    user15000 Well-Known Member

    I think a lot of retailers will push for payments over the lightning network. Credit card processing fees as middlemen are going to be a thing of the past imo. Better to have a bearer asset with significantly cheaper fees.
     
  44. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  45. user15000

    user15000 Well-Known Member

    Oh noooooo! This totally changes everything.
     
  46. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    [​IMG]

    So this pretty much dogecoin or some shit now.
     
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  47. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    Where is it even trading? Psychopaths
     
  48. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    No clue.
     
  49. user15000

    user15000 Well-Known Member



    Your sources on crypto news are….not great