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Maybe You Should’ve Listened to That Clueless Girl About Bitcoin

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You must be red assed over missing the run up from $6K to $38K in the last year, or don’t have the money to invest.

I’ve made this point before, and his cult following likes to scream at me in all caps that I’m some kind of monster.

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Twitter

Hardcore advocates of cryptocurrency probably don’t care what Elon Musk tweets. It’s the average person who should, though. We’re being sold a narrative about digital currencies revolutionizing the way we handle money, but the deeper you dig into this world, the more it sounds like traditional finance under a new regime, technocrats.

Have you even heard of the term crypto-economics? Do you realise thats what the innovation is here? Probably not as you admitted earlier you don’t know what you’re talking about. Currency being the first application of blockchain technology is a historical footnote, nothing more, nothing else. Cryptoeconomics offer a mechanism for bootstrapping companies / systems / protocols / technologies without upfront capital. That is revolutionary, and it is disruptive. Are you familiar with the idea of disruption theory? None of this is anything to do with the value of an asset at any given moment in time, or whether or not its use is as a currency.Do you even Chainlink? Do you even DeFi? Do you even Hashmask? Do you even stablecoin? Do you even yield farm? Do you even supply chain? Do you even digital identity? Do you even care about anything that isn’t a sensationalised clearly uninformed take? What are your thoughts on the emergence of liquidty pools as a way of provisioning capital in a decentralised manner? Tell me 5 use cases for this.

It’s a little surprising that Elon Musk finally became concerned about bitcoin’s environmental impact. Those facts have been around for years, and it makes me wonder if that really explains his turnaround.

It’s hard to predict whether bitcoin will die or be resurrected, or give way to altcoins. Here’s what we do know:

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://jessicalexicus.medium.com/maybe-you-shouldve-listened-to-that-clueless-girl-about-bitcoin-c87309d1d4d1?source=rss——-8—————–cryptocurrency

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