It really is. There are the people and bitcoin vs the rest. Pick a side
Discussion
I learned being anti everything isn’t good, being too involved isn’t good. Its like an industry standard to just play your part and do your role to your best ability. Thats why i just picked the technology, picked my people, and keeping it simple. We cant save everyone and not everyone even needs saving thats why the narratives are just that narratives and opinions but most want a following, to be right and rub it in someone’s face whether its an individual or an entity or industry. I chose moral and values over concepts and narratives any day. A good man is a good man, a man full of spite is a man full or spite.
Can't really disagree. I have some fundamental objections to altcoins with my overall thesis though.
Problem with crypto is it has the power to reach alot of individuals but aggressively pushes people to see their vision. People put koney in the tokenomics are designed to crowd fund the project and when doing that the money has to come out and it impacts the coins pricing. Much better ways to do this. To me cryptos biggest pit fall is allowing everyone to invest. I believe all this technology only has internal privatized usecases. You run into the problems trying to target anyone and everyone. Theres a reason most colpanys just use hyperledger and wont use bitcoin or eth and so on. It doesnt make any sense too.
If etherium and co would be honest that they are a platform for tokenised companies, I could be a bit more receptive. But the disingenuous framing of ultra sound money is where I must call bullshit. The attempt to ride bitcoins coat tails and lure people into scams is my issue.
They cant say that they are crowdfunding platforms otherwise they would have to register as a securities exchange and so on. To me its terrible both ways same with bnb they both did icos, both raised money for a intent and purpose and packed functionality on a layer 1 to disguise it and differ it from btc.
Hey if they were honest from the jump, Goldman Gary Gensler wouldn't be standing on their throats now and declaring them a security