Over 138 meticulously researched minutes, Olson traces the history of the 2008 financial crisis, the creation of Bitcoin and Ethereum, and the rise of NFTs and DAOs, and reaches the conclusion that what we have taken to calling “web3” is…….😮
#Crypto 
https://www.youtube.com/watch?v=YQ_xWvX1n9g

Line Goes Up – The Problem With NFTs

Crypto

Over 138 meticulously researched minutes, Olson traces the history of the 2008 financial crisis, the creation of Bitcoin and Ethereum, and the rise of NFTs and DAOs, and reaches the conclusion that what we have taken to calling “web3” is…….😮 #Crypto  https://www.youtube.com/watch?v=YQ_xWvX1n9g

Sam Mendoza

From Wall Street Journal Opinion: My beef with the crypto market has always been that it is backed by nothing but air. At any moment, that support could disappear. Last week it did, writes Andy Kessler.

https://www.wsj.com/articles/crypto-coffin-ftx-sam-bankman-fried-market-exchange-loans-binance-bailout-token-alameda-deal-11668030037?mod=e2fb&fbclid=IwAR20yjK4d6LENXvonqf2UakMpasMlw5CxQQq4lAHBUAZwh0G4dJUrVHC2lU

From Wall Street Journal Opinion: My beef with the crypto market has always been that it is backed by nothing but air. At any moment, that support could disappear. Last week it did, writes Andy Kessler.  https://www.wsj.com/articles/crypto-coffin-ftx-sam-bankman-fried-market-exchange-loans-binance-bailout-token-alameda-deal-11668030037?mod=e2fb&fbclid=IwAR20yjK4d6LENXvonqf2UakMpasMlw5CxQQq4lAHBUAZwh0G4dJUrVHC2lU

The sale may signal the end of investment in these hot-air assets.

Opinion | FTX and Binance: Another Nail in the Crypto Coffin

https://www.wsj.com/articles/bill-gates-says-cryptocurrencies-and-nfts-are-100-based-on-greater-fool-theory-11655302143?mod=e2fb&fbclid=IwAR3uuwiNM7t5HvlqKQXs9QMcSxNl1cwqnt2Zh_rTRdF-TClkoL4iXymTuHw

The Microsoft co-founder said that people bought cryptocurrencies and NFTs based on the idea that, no matter its price, it could be sold for higher because “somebody’s going to pay more for it than I 

Bill Gates Says NFTs and Crypto Are ‘100%’ Based on Greater Fool Theory

Fall in love and start with the problem/why, not the solution/how imo.  

It’s the early innings and I’m still a believer in blockchain’s merits/potential but not in force feeding into everything, especially the current spec.  That byproduct of the crazy hype is probably net negative on its mainstream credibility / adoption today, but that’s a tale as old as time

I’ve been asking my friends heavy on this stuff to watch. And they haven’t really given me any solid responses. 

I think to me he picks at the underpinnings of the concept of decentralisation itself. After reading Bitcoin standard I can see why Bitcoin is a great form of currency. But I’m not so convinced about the idea that everything should or needs to be blockchain-ised

I just watched and 🤯

Is this common knowledge?  Is it accurate?  How do Bitcoin, Ethereum, NFT, DAO maximalists respond to these criticisms (other than religious exile....)?

I just watched and 🤯  Is this common knowledge?  Is it accurate?  How do Bitcoin, Ethereum, NFT, DAO maximalists respond to these criticisms (other than religious exile....)?

Jerome Cody

I’ve been asking my friends heavy on this stuff to watch. And they haven’t really given me any solid responses.   I think to me he picks at the underpinnings of the concept of decentralisation itself. After reading Bitcoin standard I can see why Bitcoin is a great form of currency. But I’m not so convinced about the idea that everything should or needs to be blockchain-ised

The Most Important Thing

TechCrunch Social

Chris Nheu

Fall in love and start with the problem/why, not the solution/how imo.    It’s the early innings and I’m still a believer in blockchain’s merits/potential but not in force feeding into everything, especially the current spec.  That byproduct of the crazy hype is probably net negative on its mainstream credibility / adoption today, but that’s a tale as old as time

Still more efficient consensus than government’s

Jozhe

https://onezero.medium.com/the-metaverse-and-nft-boom-is-about-to-go-bust-b63c52c37c94

The world is already getting bored of the apes

Sam Mendoza

A group of likeminded people in Crypto are talking about this.