Poll of the Day > The death of Web3 (crypto, NFT's, other blockchain uses)

(+) Yeah! (+)

Anyway thank fucking god it's crashing, can you imagine the dystopia of a fully privatized economy? We were insane to think that would work. Fucking Elon Musk was an evil genius to try to promote it.

Is this a crash? It's almost like the sector has never experienced this before, definitely isn't the third or fourth "crash".

I mean, how could the price go down around the time taxes are due in the US after a bunch of legislation was passed on capital gains?

There are tons of schemes, scams, and bad actors in the sector, sure. That's why they are called ****coins.

I think the hyper capitalism argument is funny too, with a DAO and a global distributed wallet, we could easily accomplish a socialist Utopia. It so just happened to play out as venture capitalists saw the economic potential, and created their own ecosystem using the tech. Innovation has no political agenda.

I think the hyper capitalism argument is funny too, with a DAO and a global distributed wallet, we could easily accomplish a socialist Utopia. It so just happened to play out as venture capitalists saw the economic potential, and created their own ecosystem using the tech. Innovation has no political agenda.

Its deeply concerning that Square Enix has spent the past year or so heavily investing into this shit. If this is what finally does Square in Im gonna be sad.

Its deeply concerning that Square Enix has spent the past year or so heavily investing into this shit. If this is what finally does Square in Im gonna be sad.

Crypto and NFTs are too shitty to die out; the world sucks and gets worse, not better.

At this point it would be a mercy killing.

things always get better

Are you talking Safemoon

Tell me that in 50 years when the earth is uninhabitable due to climate change.

things always get better

Nope.

Some things get better. Some things get worse. Some things get better, then get worse. Some things get worse, then get better. And occasionally there's a major crisis that shakes the whole mess up across the board. That's what history is.

How you perceive trends and whether or not things are improving or declining depends entirely on which specific aspects of the world you're choosing to focus on. And how willing you are to lie to yourself.

"Progress" is a myth invented by religious nationalists as part of the "American Dream", then indoctrinated into students in school until they believe it as a principle of nature. Things don't always get "better". Sometimes change is an improvement. Some times it isn't. No, the present is not the most perfect and morally justified moment in history.

Life today is exactly what it's always been - a collection of positives and negatives, with most people just trying to get by.

I have to believe that things will get better

I have to

Your incessant cheer-leading for crypto and hand-waving of all the legitimate problems with it makes me think you're one of those people invested and hoping to be the one at the top of the "pyramid", and thus arguing in bad faith...
Did you even watch the video, which explains why this supposed "utopia" would be an absolute fucking nightmare right out of 1984?

The fact that they sold a bunch of their major IP's so they could invest harder into crypto nonsense that nobody wants (and they openly acknowledged that most people don't want it in the president's letter at the beginning of the year, which roughly amounted to "none of you like this, but we know what's better for you so just watch") is honestly pretty hilarious. It'd be sad to lose some of their franchises, like what happened when Konami abandoned making actual games, but at a corporate level Squenix has been really very awful for quite some time now, and I'm kind of enjoying watching them screw up this badly (especially when the IP's they've sold off will continue to survive).

how come no one is buying this

fans: we want the old final fantasies on this current platform
square: ok here they are on phones

I have to believe that things will get better

I have to

And how willing you are to lie to yourself.

It's weird how you're mocking the smarter and exponentially more accessible of the two options.

It's weird how you're mocking the smarter and exponentially more accessible of the two options.

it's not

because fans have been asking for 1-6 on consoles for, uh, many years now

and when square announced the pixel remasters of them for phones, they proceeded to act surprised that people also wanted them on consoles

and they are still not on consoles, so

Decentralization is inevitable.

That's a terrifying thought. It's all just code for privatization. You think it matters who hosts it? It's all private money controlled by a handful of rich people with no laws or oversight.

The scariest people are those who act like they understand technology but don't actually work with technology (usually those on the business / management side of it).

• A flat 3.5% gas fee on every transaction (this helps the developers keep working on their services, much cheaper than most for the sheer traffic it can handle)
• They don't even have access to their own liquidity pool, which means they can't rug you! They don't even need to dox themselves because they are legally obliged to so what they say they are going to do.
• Their cryptocurrency has a constant rate of inflation that guarantees it stays in circulation, a built-in anti-whale measure. It loses 2% of its value every year!
• A cryptocurrency first, a stable coin tied to real-world applications that actually serve a purpose, the interest rates of loans!
• A green impact, almost 10,000 times more efficient than any other cryptocurrency!
• Has moved in a stable, predictable way since Richard Nixon was forced to mandate it back in 1968 to prevent the world economy from collapsing!
• Automatically interchangeable with any other crypto on the planet, the bridges and liquidity pools are global and have physical institutions bound by real laws!
• Nazis hate it, and used this system as an excuse to exterminate Jews, which ties perfectly into the ignorance of anti-social people who want to go back to using commodity money, currency based solely on what swing traders, who treat your bank account like a gambling game, feel like doing!

Pretty much. Does crypto have the potential to take some control of the country's finances away from the big banks? Yes. Is it going to prevent money (and therefore power) from concentrating in the hands of a small number of people that are wealthy enough to manipulate the system into making them even wealthier? No. Money naturally concentrates, regardless of the nature of the currency. Shaking up the currency just changes which ultra-wealthy hands it ends up in, and really, there are very few meaningful differences between the sort of people that treat our economy like an idle game.

The smart contracts will allow us to pay for bitcoin insurance, which will bail us out when the army of bots constantly removing money from the system empty your bank account, just $100 every month, you can trust it will do exactly what it says it will do until the developer who left the back door in there takes out the liquidity pool.