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Joined 1 year ago
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Cake day: June 13th, 2023

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  • Honestly, not to blame the public, but people were sitting here for the last decade going, don’t like being censored? Don’t use Google/Facebook/whatever. Don’t like being tracked across the internet? Don’t use Google/Facebook/whatever. And everyone kept using it. As for streaming services, I mean, if you don’t want monopolistic pricing power, abolish copyright/DMCA. We complain constantly about the consequences of these big corps but society keeps religiously buying shit from them or participating in their services. Just like complaining constantly about global warming but driving your car 3 miles to the store to get a 1L bottle of water. We set up these structures and put people in these positions where they can exploit you, then act surprised when they do, and we have an excuse for why we think every individual part of it needs to stay exactly the same.

    OK, maybe to blame the public a little.


  • Hard disagree, “web3” (defi) is meant to provide a decentralized alternative to our modern economic infrastructure, that doesn’t have huge institutional points of failure like central banks or investment banks. The only reason people piled into these speculative projects, centralized exchanges etc. is because probably > 60% of the population is into the idea of getting-rich-quick while < 1% of the population is into trying to build a better future with tech, or even just getting their head around how the technology work in the first place & what kind of potential it actually has.

    I’ve been watching blockchain since Bitcoin was under a dollar and it really blows my mind how much people love to spout off about it without understanding anything about the space. You’ve got teams of hundreds, thousands of people working for years to solve all the problems in the space like PoS or scalability or contract security, but the general public is all just talking trash about the entire space because of NFTs.

    Even this article, “Web3 was supposed to make sure the original artist always got paid”? Who said that? “A key feature of NFTs has completely broken?” No one who knew anything about NFTs ever said there was some universal “guarantee an artist would get paid”, particularly not if a contract to purchase an NFT didn’t guarantee that directly. If a given contract guaranteed that (or at least, the party creating the NFT on-chain), then it still does. If it didn’t, then it didn’t. Anyone actually learned Solidity and read a smart contract for themselves? Cause I’ll tell you, any smart contract where some institution has “god controls” over the state of the contract, that’s against the entire point of “web3”/“defi”.





  • Occam’s razor says the more simple/plausible explanation, that a huge increase in the monetary supply causing higher prices through supply and demand, is about a thousand times more plausible than tens of thousands of corporations simultaneously deciding to coordinate to fix prices despite that it’s in each of their best interests individually to break with that scheme. With no actual evidence of a concerted attempt across the entire economy to fix prices (not to be confused with a couple corporations having board meetings where someone bragged about raising prices).

    Or, in simple terms - it’s not that every single other good in the entire economy has suddenly become worth more as the result of some overarching conspiracy. It’s that they printed a bunch of money and it’s now worth less.

    I would recommend anyone who still believes the “greedflation” thing spends an hour reading some articles critical of the theory. Not really looking for a debate about it tbh.