COINBASE for Crypto has come

[Clinamenic]

consequential how?

That pretty much most of human society will eventually be programmable and that blockchains will figure into it integrally. To be clear, this is the main thrust of the utopian speculation driving web3.

 

[Clinamenic]

Even if things do pan out that way, many of the currently leading blockchains and protocols may have come and gone.

 

[Clinamenic]

That pretty much most of human society will eventually be programmable and that blockchains will figure into it integrally. To be clear, this is the main thrust of the utopian speculation driving web3.

The reasoning underlying this, at least for me, is that the internet will continue to metastasize across and into our lives, and web3 tech will increasingly influence the internet.

 

[Clinamenic]

Part of my problem, namely my tendency to zero in on this uncritically utopian stuff, is that its more or less what I'm doing with DAOs at the moment: churning out ideas about how DAOs can work.

 

[Clinamenic]

not mad, working is my choice for the time being. someday I too will be unemployed, maybe in a year

Yeah working is a choice for a lot more people than would like to admit. Incidentally, I just worked today as a studio assistant, for my aunt. Making a statue of Lorraine Hansberry. We carved her lower body out of foam.

 

[vimothy]

That pretty much most of human society will eventually be programmable and that blockchains will figure into it integrally. To be clear, this is the main thrust of the utopian speculation driving web3.

and do you think that's good or bad?

 

[Clinamenic]

Part of my problem, namely my tendency to zero in on this uncritically utopian stuff, is that its more or less what I'm doing with DAOs at the moment: churning out ideas about how DAOs can work.

There is critical thought in these circles, but its all channeled toward technical and logistical stuff (often purely conceptual) thats predicated on the existing infrastructure.

 

[Clinamenic]

and do you think that's good or bad?

I think there will be dramatic cases of both.

Bad, because it ostensibly facilitates terrorist financing with great ease and arguably renders certain institutional regulations and policies moot, e.g. suspicious transaction reports.

Good, in the sense that you can earn passive income, with no minimum balance, from an economic platform that underpins commerce and social institutions.

Bad, potentially, because it may allow for more totalitarian means of surveillance.

Good, because it can allow for uncensorable means of payment (other side of the terrorist financing coin).

Etc.

 

[IdleRich]

what is the sober analysis then rich?

I mean that when, say, you and Stan are debating, although you have your tendencies towards one viewpoint or another that doesn't manifest itself as uncritical shouting for your side and i guess I've been a little spoiled cos I assumed that most of the debate was conducted in that way. But now I see that I was giving people too much credit.
Or, short answer, the sober analysis is in this thread.

 

[Clinamenic]

The money washing argument still holds, but lately I've been learning about forensic accounting techniques that make it more difficult than I had previously imagined to wash money.

edit: deleted a portion of this comment that contained insight shared with me that may go on to be proprietary.

 

[Clinamenic]

I mean that when, say, you and Stan are debating, although you have your tendencies towards one viewpoint or another that doesn't manifest itself as uncritical shouting for your side and i guess I've been a little spoiled cos I assumed that most of the debate was conducted in that way. But now I see that I was giving people too much credit.
Or, short answer, the sober analysis is in this thread.

Yeah the majority of people in crypto are almost entirely uncritical.

 

[vimothy]

Just watched Line Goes Up in its entirety. It's incredibly well done, a really vicious take-down of NFTs. Highly recommended.

 

[luka]

vim you got to do this every day. we need anti crypto pressure every day from you. its not a part time job.

 

[yyaldrin]

i would like to watch it but it's more than 2 hours

 

[vimothy]

stan can you set me up an NFT game where I get paid eth for posting here pls ty

 

[yyaldrin]

how is he gonna convince anyone?

 

[vimothy]

well he's certainly not gonna convince you if you don't watch it

 

[Clinamenic]

stan can you set me up an NFT game where I get paid eth for posting here pls ty

Yeah everyone else can bid on your posts, and then stake them to get passive income.

 

[vimothy]

it's divided into sections tho, I didn't watch the whole thing in one sitting

 

[luka]

Stan did you know Vim is Very Credentialled. He has a Masters Degree in Economics from the prestigious University of Bolton.