I do not buy the premise that they thought that they were doing something for public good. I'm glad to mock them, and all the other cryptocurrency/NFT morons.
a succinct, correct explanation imo. if your angry, it should be at crypto before anything else. a largely useless tech that has lots of negative externalities, like this one.
Not sure if it was intentional but you just used the "few can understand" defense that I see in so many Crypto forums. "You don't like it because you don't get it". It's not a very useful defense of a product or concept. Crypto is not the Einstein to AI's Harry Potter, that is comical. This is the "you're all haters" defense.
I didn't necessarily, it's just a precaution. I see a lot of vitriol directed at Bitcoin, and this sort of extremist overcompensation is really nothing new anyway. It's just a reminder to stay rational.
I am not anti-crypto, but I am anti- stupid ideas and get-rich quick schemes that are incredibly prevalent in the "blockchain" space. I am for one or two cryptocurrencies/tokens, and that's about it.
Actually I understand _exactly_ what they do, and how Bitcoin (and crypto in general) threatens their business model. But go on with your strawman, please.
reply