@weremeow
We are seeing the first shoots of this with apps like Helium where the technology actually enables real world applications. People are using crypto and demanding a coin not merely for making more money but rather to enjoy a service of mobile network/data. NFT art is another form…
The thing that crypto haters don’t understand is this - there is no limit to value creation, and there’s no fixed definition of value, and the best way to improve the world is not to restrict value creation but to equalize opportunities for value creation and there’s no more…
@weremeow
One measure of value is in money/goods and services, in that case it’s undeniable that crypto in its bubble creates winners and losers. Well I guess if different participants have different time preferences and given that USD is infinitely diluting over the long run, it’s…
@weremeow
Expanding on this, crypto in its current state, most participants are still here chasing after money and getting more money… if the primary purpose of the activity is to get more money then all other value creation becomes secondary and the activity is not sustainable because…