imo it makes the most sense to avoid calling them "currencies" at all. like sure they might tick the boxes for literal definitions (divisible, fungible etc) but at this stage i think most have given up on being digital cash. even bitcoin, the "peer to peer digital cash" is now trying to be... digital gold? and ethereum is more of a trustless computing platform. most of the "popular" alts are trying to do their own thing too these days, with the exception of stablecoins and memecoins which are.... yeah
a proof of stake system is far more analogous to a % share ownership in a technology than it is a currency... hmmm but what would you call that? a crypto-share wtf? 😁 😅
i don't really understand why crypto is so polarizing to people, it seems like a dire desire to say "I told you so" from everybody involved. so exhaustingly tribal 😥
One of the most salient features of our Tech Hiring culture is that there is so much bullshit. Everyone knows this. Each of us contributes his share. But we tend to take the situation for granted.
i don't really understand why crypto is so polarizing to people
I think it's because it's many things at the same time
a technology subject to the Garner cycle of hype and to what Joel Spolsky calls "architecture astronauts"
an ideology - central banks and governments are Bad
a promise that you can get rich quickly - it's the far west, no government to prevent you to sell illegal drugs or worse, steal other people's resources from coins to gpg keys to computing resources to electricity to many other things
plenty of shady investors who wants to do the kind of non regulated shadow banking that made the great depression great
lots of dishonesty to convince every year fresh new people to put their money into crypto - absurdly inflated claims that this is gonna be as huge as the internet without the extraordinary evidence to back it up
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imo it makes the most sense to avoid calling them "currencies" at all. like sure they might tick the boxes for literal definitions (divisible, fungible etc) but at this stage i think most have given up on being digital cash. even bitcoin, the "peer to peer digital cash" is now trying to be... digital gold? and ethereum is more of a trustless computing platform. most of the "popular" alts are trying to do their own thing too these days, with the exception of stablecoins and memecoins which are.... yeah
a proof of stake system is far more analogous to a % share ownership in a technology than it is a currency... hmmm but what would you call that? a crypto-share wtf? 😁 😅
i don't really understand why crypto is so polarizing to people, it seems like a dire desire to say "I told you so" from everybody involved. so exhaustingly tribal 😥
Really interesting comment thanks
I think it's because it's many things at the same time