I understand that crypto is a scam that will rob millions of people of money they desperately need.
But what you said there is literally the end of my understanding of what crypto is. It has something to do with computers solving math problems, and somehow that’s worth money.
What?
the problem with crypto is that when you try to explain it, it sounds so stupid that someone else thinks you have to be explaining it wrong
but if you want explanation, this one is fine https://ic.unicamp.br/~stolfi/bitcoin/2020-12-31-bitcoin-ponzi.html and this https://www.ic.unicamp.br/~stolfi/bitcoin/2021-01-16-yes-ponzi.html
When I think of crypto I think of that bloke grubbing through landfill for a lost hard drive. I think of Sam Bankman Fried. I think of Trump's meme coin. Yes, I'm sure someone must be explaining it wrong to this old lady.
It's a speculative asset that fluctuates based on the whims of billionaire hedge funds and early crypto investors. There is zero value in owning it unless you got in early enough. And even then it's a situation of the last man holding the bag. Someone will end up losing their asses.
See, this guy gets it
I don't think there is one legal use case that can only be solved by a blockchain and not cheaper and faster with a classic database.
Except money laundering, crapto is fantastic for that.
The real brain melter was the societal culture shift.
I grew up witnessing "the end of history" with my own eyes. People were getting wiser and kinder year after year, decade after decade. It was like a feedback loop of positive changes, the only way was up.
Then 2010s hit and I'm still processing the 180 degrees shift. I read dozens of books about nazis, authoritarianism, societal memory, cults, fucking roman empire. But I still have cognitive dissonance every time I open news feed.
Facebook and unregulated social media. Up to now most governments in the world don't even have a clue or idea that the internet is a very powerful tool that should actually be regulated because there are very evil people who will always act in bad faith to manipulate others for power and control. The Golden era of the internet is definitely over, I think 2016 was a defined shift that will be recorded by historians.
Fuck, I'm considered an ELDER now?
Dispense your wisdom, o my elder. I'm just a nineties boy, what do I know of the world before ?
To be fair, us elders had grifts and money laundering too, so crypto is nothing functionally new.
As an elder millennial, I respect gen z and alpha for coping with modern society. It may just be a fond remembrance, but things seemed much simpler then. Creative jobs weren't threatened by AI, the tech didn't exist for corporations to spy on people, the US.. well let's not get into that.
I at least got to experience a decent time in history and built up enough context where I understand what is going on in the world today. That of course leads to irreconcilable sadness with where things are going, but at least I got to experience a wild culture shift.
It’s not that brain-melting. Taken one day at a time, the shift was very gradual.
Crypto is an EMP away from being worthless
I'm against crypto but this logic seems same as money is one fire away from being worthless.
Which is true. We just give worth to things to make it easy for transactions.
Crap. I'm an elder now?
elders
1990
Before 1990?… fuck you.. I have kids born before 1990… elder my ass … I probably understand crypto better than you do…
I’m not bitter. Not at all.
I don’t expect them to understand crypto. No one expects them to understand crypto.
I expect them to understand FUCKING FASCISM.
Listen here you little shit: you think you’re superior because you rebranded Ponzi schemes with AI merde?
Nobody is expected to understand crypto. Same with the stock market and generally the economy. If it was simple and see thru you couldn’t run this many scams.
Apparently I'm an elder.
The shifts in tech were easy.
It's the repeated economic punishment, school shootings, terrorist attacks, and political dive bomb this country has put us through that's been tough.
Cryptocurrency or cryptography?
The former you don’t really need to understand fully to use, but the latter is vital and indeed brain-melting.
Noone is expecting you to understand crypto, but I hear this about modern technology in general all the time and I just don't buy it. It's only brain-melting if you've spent your entire life being deeply incurious. There are 80-90 year olds who understand this shit just fine because they bothered to keep up.
I was born in 1983 and I’m old enough to remember having only 5 tv channels, vcr’s, and you couldn’t get on the internet if your mom was in the phone.
Yeah, let’s see you write a new autoexec.bat file with whatever text editor came on a DOS3.2 floppy that’s infected the the Stoned virus after you stupidly deleted autoexec.bat from your 386 by going to the library and checking out some books.
I feel like its an advantage to know the analog way to do things in addition to the current norms. For example, navigating by paper map and direction of the sun, like some kind of land pirate.
SMH. Dear boy. We elders were taking it to the streets in the 60’s and 70’s—in huge numbers. We organized without social media, were willing to face danger and arrest, and got shit done. We were using DOS before you were probably even born (do you know what that is?). While many of us are, in fact, fading, there are legions of us with knowledge and experience you will never understand until YOU are an elder.
FUCK YOU! I understand crypto and STILL have a VHS tape I never returned. pfft. arrogant youth. now where do i push to send this to reddit?
When I was a kid, Commander Data from Star Trek TNG was the height of technological possibility. TNG was set in the 2300s.
It looks like hard drives are selling for about 20 bucks a terabyte now. Commander Data had a storage capacity of 100 petabytes.
So today, to buy hard drives equivalent to the capacity Commander Data would cost about $2 million. You would have to be very wealthy to afford that as an individual, but the cost will only get lower. It will still be quite awhile before a random laptop will have a Commander Data's worth of storage space. But you're talking decades, not centuries.
Though, this calculation is for the Data that appeared in the original TNG run. His more recent appearance in Star Trek Picard may be different, as his specifications there may canonically differ.
This calculation was only meant to detail the capacity of the original Commander Data, not the more recent Big Data.
I may be older but I know how to take a selfie without my phone in it.
Ah yes the people who ran their video games on DOS are being left behind.
Help son, how do I open this app?!? With my finger???
People tweeting stuff. We allow tweets from anyone.
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