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comment by mk
mk  ·  1011 days ago  ·  link  ·    ·  parent  ·  post: The Crypto Movement Is Destroying Itself

This is a very bad take. Bitcoin meant crypto to most people in 2017, but it no longer meant crypto then, and surely doesn't now. Of course, Bitcoin has devolved into a ponzi scheme. It doesn't look like a network supported by transaction costs (as Satoshi envisioned) can ever happen because blocks remain capped. So BTC hodlers always need more speculative demand.

But to conflate Bitcoin with the crypto movement today is clueless or dishonest. kleinbl00s AOL IM analogy is on the mark.

Warner Bros. dropped Space Jam NFTs on Ethereum yesterday: https://variety.com/2021/digital/news/space-jam-new-legacy-nft-lebron-james-1235016220/





ooli  ·  1010 days ago  ·  link  ·  

    Warner Bros. dropped Space Jam NFTs on Ethereum yesterday

And that is good thing? for who? Michael Jordan?

I'm being funny. I know that, like kleinbloo, you're in the ETH maximalist cult, and try to showcase any good sign for that coin. I hope you guys fight the good fight

mk  ·  1010 days ago  ·  link  ·  

    And that is good thing? for who? Michael Jordan?

No, this time it’s LeBron James. I’m just giving an example of mainstream adoption.

I’m excited by blockchain like I was excited by the internet. At the moment it seems like Ethereum is the protocol of choice. I guess I am a cultist to the extent that I hope a decentralized protocol like Ethereum wins. I think that’s very important. But imo the most interesting stuff is what comes next.

kleinbl00  ·  1010 days ago  ·  link  ·  

"maximalist" is an epithet you use to diminish someone else's position. "cult" is an epithet you use when you wish to invalidate someone else's entire experience.

Neither one of us has never not given you a considerate, well-documented, well-reasoned counter-argument.

You can be mad? But neither one of us deserves your anger.

I probably spend a good half-hour, hour a day attempting to get a handle on the crypto space. I read every goddamn thing you post. Share 90% of it. I post my own. I'll debate with anyone. As of right now, I see no reason to own anything else, and can give you chapter and verse as to why. mk likely disagrees. I believe he's more diversified than I am.

If that makes me a cultist, then Morningstar and Moody's are also cults.