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> I think crypto currencies are for the most part a scam

> Man, there's a baby in that bathwater

It takes a special kind of thinking to insist "yeah, crypto currencies are about 98% scammy, but there must be good in the last 2%!, I've just seen 98 scams in a row, this _increases_ the odds that the next 2 that I see are legit!"

Well,

* no it does not increase the odds, this is desperate wishful thinking clinging to a fixed belief

* what if there is no baby, only bathwater? And where does the burden of proof that there is a baby or not, lie?



There were people who called the internet a fad, while the dot com silliness was at it's peak. Many of them, if you recall.

Look up block lattice tech - it's powerful stuff.


> But the fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. They laughed at Columbus, they laughed at Fulton, they laughed at the Wright Brothers. But they also laughed at Bozo the Clown.

- Carl Sagan


Block lattice tech is not Bozo the clown, but I won't stop you believing whatever you like.


All ponzi schemes start with smart people. The more complicated it is, the more "magical" it becomes for those that have been swayed. It's a religion for some, a cargo cult for others, and a grift machine for the criminals.

But scratch the surface and peer underneath, and you can see what it truly is.

We don't laugh at the people who started the ponzi schemes. We don't laugh at the people that lost their money and learned their lesson.

No, we laugh at the people who despite the clearest of clear headed reasoning still insist on wrapping their logic tighter than a pretzel. We may not all do it publically -- even though there are those that do -- but we do laugh, and are amazed how people got sucked into a tech cult.


What the fuck are you talking about a cult for.. Nano is a real and functioning product, that works. There's no religion or sacrifice or anything like that, you can literally download an app or go to a website and see it work for yourself.

Access to the world's knowledge and people defend their ignorance like this, smh.


Crypto can overall be a scam (or not, pick your poison), but if it's helping wikimedia get funding then that 'baby' is worth saving.

I think we can all agree that wikimedia is a net positive in the world.


Wikimedia Foundation have hundreds of million of dollars. Nothing need saving

See https://www.dailydot.com/debug/wikipedia-endownemnt-fundrais...


> I think we can all agree that wikimedia is a net positive in the world.

Should Wikimedia take funds from the Kremlin, North Korea and Drug cartels, or should they have limits on ethical sources of funding?

You don't have to answer what you would do, but it is 100% legitimate for them to choose to have clear, written guidelines on what funds they ethically agree to accept.


I don't think that accepting cryptocurrencies is quite equivalent to accepting funds from the Kremlin, North Korea and Drug cartels.

It's more equivalent to accepting donations in roubles, in North Korean won or in the form of legal drug caches.

It's not about the source, but the means of the payment. I can imagine people accepting money from dubious sources, but not via dubious means and vice-versa.


> I don't think that accepting cryptocurrencies is quite equivalent to accepting funds from the Kremlin

I didn't say it was the same, just that they can choose to draw a line somewhere.

> It's more equivalent to accepting donations in roubles

And many are in fact drawing the line at that.

> I can imagine people accepting money from dubious sources, but not via dubious means and vice-versa

Agreed, though I think that once you start looking into ethical funding "why not both" is going to be a common position.




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