if you wanted to do this why wouldn't you just a get a job at goldman, jane street, citadel.
ah I understand now: faz sees himself as the little bird that eats the rancid meat stuck in the teeth of the crocodile, "knowing it's behavior" (hoping) that the crocodile doesn't eat him.
I highly recommend this book.
What an idiot
Block chains are hash chains and also check out this really stupid misunderstanding of the production chain issue it solves
This is why I hate virtue signals and group think there's a collective and unverified belief that this guy is like on point and we should just listen to him. And this a good example of why you can be super qualified but in the face of emergent technology it doesn't really matter and just creates misinfo others will eat. Please link the whole thing id be happy to see it.
And I mean even then if you are smart and a guy who's been on emergent tech for a while you'd recognize that it's fundamentally not worth shooting off into the stars even if it has some glaring flaws (because nothing is perfect and these are steps towards a nonflawed solution)
Wearing a crypto shirt out is funny sometimes nerds stare at me like I'm a hot girl
Still haven't seen crypto do anything besides cause a video card shortage.
Yeah that's a fair complaint most people aren't aware of the amount of startups that were useless and were in a bubble previous to crypto but crypto has specific problems that aren't just fixed by "if the technology was necessary"
One example: you want to buy a previously owned car in America. There's realistically one source you can go to, Carfax, which additionally has incomplete or unverifiable data because you can just have that information fudged by your mechanic. A public ledger solves this issue, creating accountability measures, eliminating the need for physical deeds, and removing the reliance on a single private entity
I read it. Some of his arguments are fine but are predicated on crypto not advancing towards better solutions which it is, cuz they're already addressing everything he's saying from no reversibility to energy problems.
And some of the arguments are shit. This guy thinks an intermediary is a direct stopper to crime when all crime has already been done through this and continues to be done through it as it's a lot easier to privately launder and stash
You should know I'm just a contrarian over everything and I'm not gonna sit here and argue like a maximalist that it should be what everyone uses, that it's perfect, that it's going to be good soon. Hard complex tech isn't easy to implement. My arguments are based on the idea that it's fundamentally useful tech and the blocks are in place for it to move forward.
In reality nobody should rely on an entirely decentralized system for everything, crypto is certainly misapplied and has some shit actors, there is big money in it that moves it. Still good applications so I overlook this stuff
No you go on Craigslist get it cheaper than carfax, you just have to not be a ■■■■■■
Every used car I’ve bought except for two have been off Craigslist
The real thing is people trying to apply blockchain to whatever flavor of the month tech is just the dumbest shit
It’s useful in the sense that it creates a decentralized transactional system meaning you don’t have to rely on a single authority like a bank or a PayPal to sign your transactions as legitimate
Beyond that I don’t know the rest of the technology is just gay
I mean that wa sa random example that came to mind other things with deeds work and thats literally a single nuanced application (the chain of production thing i mentioned earlier is probably one of the best i can put forward, and it doesn't have to be public either)
i dont care if its blockchain or not if it's only accessible to one private party or it's purely a paper system or it relies on "just trust 'them'" then it's stupid as fuck and i do not stan it