Eggplant.place

203d

https://www.citationneeded.news/issue-52/

Bitcoin's spiking — are we in for another round of crypto mania? I also go through Sam Bankman-Fried's sentencing memorandum, in which he asks for 6 years imprisonment instead of the recommended 100, and the 29 people who wrote letters in support.

#crypto #cryptocurrency #bitcoin #SBF #FTX #newsletter #CitationNeeded

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198d

i would say it's aged very well tbh, but they'd have to watch the talk to know that

https://blog.mollywhite.net/is-web3-bullshit/

#crypto #cryptocurrency #bitcoin

So far, the primary successes of web3 have been in shiny marketing selling people the opportunity to invest in vaporware. In regulatory arbitrage, exploiting the fact that regulators have been slow and hesitant to act on unregistered securities offerings. And in outright scams and grifts. Many people in crypto say they welcome regulation—again, you’ve heard that here— as though it is not the lack of regulation that has enabled so many of these projects in the first place. So many problems in today’s web are driven by capitalistic forces driving ruthlessly towards the enrichment of monopolistic tech companies rather than the betterment of society. You’ll have to excuse me for doubting that our utopian web dreams will be achieved through the introduction of a hypercapitalist technology that aims to financialize everything on the web even further, and exposes user data on public ledgers where it can be scraped by even more tech companies than are profiting off data today.

ALT

There will be a web3. The web has been evolving ever since its inception, and there is no doubt in my mind that we are overdue for a fundamental shift. Will it be blockchains and crypto? Venture capitalists and blockchain startup founders really hope that you think so. I hope that the rest of us will continue working towards utopian goals like the ones I mentioned earlier—the ones that many people who are working in web3 and on web3 projects share—without necessarily being shackled to a technology that holds little promise for the web. Revolution is possible. But it’s unlikely that we will be fighting for revolution alongside the same venture capitalists and tech companies who helped to get us into this mess in the first place.

ALT

As technologists, our duty is to develop responsibly, and we should be striving for more in the web, pushing to evolve it into whatever web3 may turn out to be, and chasing those ideals that could make the web truly wonderful. But when presented with lofty promises we have to remember to distinguish the steam-powered computers from the truly revolutionary. Dig deep. Ask the hard questions. Criticize the flaws. And cut through the bullshit.

ALT

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189d

Issue 53 – Choose rich

Euphoria has risen along with crypto prices, but nothing has changed from the last bubble. Also in this issue: Tether-related defamation lawsuits, intra-government infighting, and a disappointing $300 million Bored Ape video game.

https://www.citationneeded.news/issue-53/

#crypto #cryptocurrency #tether #bitcoin #CitationNeeded #newsletter

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152d

happy halving to all who celebrate
#bitcoin

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90d

#Tesla #BitCoin #AI #Sexy #Blockchain #Winning #CryptoMining #Sigma #Grindset

DRIVE YOUR CYBERTRUCK TO THE TITANIC

- it will work
- women will like you
- cybertruck is laso a boat
- maybe there's gold
- great for engagement
- you can use AI

ALT

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86d

The German state of Saxonia still has over 50k #Bitcoin (given current fictional valuation almost 3 billion EUR) which were seized from an illegal video streaming platform (the course of Bitcoin was a lot lower back then).

They are contemplating selling them and this could actually be interesting just to make it obvious how little actual liquidity there is. Because they wouldn't exchange for other Shitcoins but for hard cash. Could get interesting.

Edited 86d ago

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53d

If you ever wondered about what the Politics of #Bitcoin were, just look at the invited headliners at the Bitcoin2024 conference:

https://b.tc/conference/2024

Donald Trump (Fascist), Russel Brand (Right Wing Grifter), Robert F. Kennedy (Conspiracy Nutjob), Vivek Ramaswamy (another fashy right Wing Grifter). And Edward Snowden (Libertarian with often dubious politics) to look less openly fascist.

But the politics are right there on the surface.

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