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It's one of the most financially exclusionary concepts ever created. There's a territory. There was digital land-grab on this territory. A tiny number of peo

It's one of the most financially *exclusionary* concepts ever created. There's a territory. There was digital land-grab on this territory. A tiny number of people bought all the available digital-land. Now everybody else needs to buy the land from them. At extortionate prices. The good news? It's easy to create another territory. It's easy to create an infinite number of territories. Aside 1: as big of a joke the original dotcom boom was, it looks serious compared to web3's $200,0000 floor price jpeg apes. Aside 2: I read this week about a couple of people losing their jpeg apes because they connected their wallet to some scam site. I thought web3 was supposed to be smarter than "connecting one's wallet to a non-scam site in a way that allows the non-scam site to scam you if they wanted." Is this the best they can do? I was told we'd be connecting our wallets to everything in the future.

adamsmith143 4y ago
The smartest system still can't protect the dumbest users from themselves. Not a bug imo
- oblio 4y ago
  It couldn't protect freaking Ethereum creators from themselves.
everfree 4y ago
> There's a territory. There was digital land-grab on this territory. A tiny number of people bought all the available digital-land. Now everybody else needs to buy the land from them. At extortionate prices. Sounds just like the VC land-grab when investing in a hot new tech startup, and the subsequent dumping on the public at ICO. But just like with stocks, nobody "needs" to buy crypto. If a company produces something useful to you, you can capture value as a customer without owning the stock. If a company ever uses blockchain technology to produce something useful to you, at that point you will be able to capture value as a customer without owning crypto. > The good news? It's easy to create another territory. It's easy to create an infinite number of territories. It's easy to create an infinite number of companies, but not all company stocks trade at the same value.

It's one of the most financially *exclusionary* concepts ever created. There's a territory. There was digital land-grab on this territory. A tiny number of peo

adamsmith143 4y ago

The smartest system still can't protect the dumbest users from themselves. Not a bug imo

oblio 4y ago
It couldn't protect freaking Ethereum creators from themselves.

everfree 4y ago

> There's a territory. There was digital land-grab on this territory. A tiny number of people bought all the available digital-land. Now everybody else needs to buy the land from them. At extortionate prices. Sounds just like the VC land-grab when investing in a hot new tech startup, and the subsequent dumping on the public at ICO. But just like with stocks, nobody "needs" to buy crypto. If a company produces something useful to you, you can capture value as a customer without owning the stock. If a company ever uses blockchain technology to produce something useful to you, at that point you will be able to capture value as a customer without owning crypto. > The good news? It's easy to create another territory. It's easy to create an infinite number of territories. It's easy to create an infinite number of companies, but not all company stocks trade at the same value.