Your Karma points will soon be tokens ♥https://t.co/FXdEbeynphThink- community-based decisions. - forking subreddits in disagreements. And all of this without even losing your community points?It's like moving from fb to Twitter without having to rebuild your followers.— Rahul 🔊🦇 (@iamRahul20x) November 3, 2021
However, I think the issue being raised wrt Crypto is about the ecological cost of maintaining the original system. We're not really touching on the bonanza of bullshit that's appeared in the last few years, because the new coins don't require a zillion graphics cards running 24/7 on high burn in order to mint.
The original pitch for a cryptocurrency never factored in people building massive warehouses full of hardware to brute-force new money. Whether it was a CIA Op or a Libertarian wet-dream fantasy (or both? no shortage of red-pilled capitalist ideologues in Langley), the original idea for Crypto being a permanently deflationary currency just hasn't borne out.
Whatever Reddit business geniuses think they're doing with the site as they move forward, it has nothing to do with the original conceit of these things as financial instruments.
However, I think the issue being raised wrt Crypto is about the ecological cost of maintaining the original system.
Oh yeah. That shit absolutely needs to be liquidated. If it is not liquidated, we are basically accepting the transition from a financial system dominated by 18th century slavers to a financial system dominated by 1990s IRC sex pests. An economy dominated by the chronic masturbating gamer failsons of the elite. Whatever wealth they claim to hold in their electronic Chuck E Cheez tokens is illegitimate and immaterial. (These clowns whine about fiat currency and their solution is a short string of numbers which decrypts a digital "wallet." It's all fucking fake whether you can touch it and it has a slaveowner's face printed on it or not.)
Whatever Reddit business geniuses think they’re doing with the site as they move forward, it has nothing to do with the original conceit of these things as financial instruments.
I agree, but if the Reddit dweebs have any brains, individual votes would be the unit of value, and everything from awards to advertisements would be valued in that currency. You can design the algorithm to work like that, and you can enforce against abuse just enough to make it take off regardless of how socially dysfunctional it is. No matter what, it will be an abomination though.
I agree.
However, I think the issue being raised wrt Crypto is about the ecological cost of maintaining the original system. We're not really touching on the bonanza of bullshit that's appeared in the last few years, because the new coins don't require a zillion graphics cards running 24/7 on high burn in order to mint.
The original pitch for a cryptocurrency never factored in people building massive warehouses full of hardware to brute-force new money. Whether it was a CIA Op or a Libertarian wet-dream fantasy (or both? no shortage of red-pilled capitalist ideologues in Langley), the original idea for Crypto being a permanently deflationary currency just hasn't borne out.
Whatever Reddit business geniuses think they're doing with the site as they move forward, it has nothing to do with the original conceit of these things as financial instruments.
Oh yeah. That shit absolutely needs to be liquidated. If it is not liquidated, we are basically accepting the transition from a financial system dominated by 18th century slavers to a financial system dominated by 1990s IRC sex pests. An economy dominated by the chronic masturbating gamer failsons of the elite. Whatever wealth they claim to hold in their electronic Chuck E Cheez tokens is illegitimate and immaterial. (These clowns whine about fiat currency and their solution is a short string of numbers which decrypts a digital "wallet." It's all fucking fake whether you can touch it and it has a slaveowner's face printed on it or not.)
I agree, but if the Reddit dweebs have any brains, individual votes would be the unit of value, and everything from awards to advertisements would be valued in that currency. You can design the algorithm to work like that, and you can enforce against abuse just enough to make it take off regardless of how socially dysfunctional it is. No matter what, it will be an abomination though.