202 karma · joined July 23, 2020
Bitcoin sucks compared to many other cryptocurrencies, still it’s the most popular one because it was the first, because people know about it, and because people know that other people know about it.
Even if you could fork Twitter and put it behind a different domain name, for example , Twutter, and you would add some functionality that everybody would like to have (let’s say an edit button), most people would still go to Twitter.
If you could sell the rights to use the name Coca-Cola or Nike, even if you had to make it clear to the customer that the new product that you sold had nothing to do what so ever with old product, the names alone would be worth a couple of fortunes.
So what’s stopping Bitcoin from crashing is the brain virus (or meme if you want) that has infected hundreds of people around the globe and made them believe that other people will know about and believe that Bitcoin is valuable.
And since Bitcoin isn’t hooked up to a doomsday device like Luna and UST was, it can’t destroy itself.
Bring your average woman to a Richard Stallman meet-up and then to a UFC match and ask her which setting she found most uncomfortable. I can guarantee you that Richard picking his own nose in a room full of sweaty needs will be more disturbing to her than being close to thousands of jacked-up men cheering while two combatants almost kill each other.
I might be wrong, but as technology progress, it seems almost inevitable that a single individual can do more and more damage. An amount of damage it took half an army to achieve a couple of hundred years ago, one individual can do today with the help of a bomb, a plane or a machine gun.
What happens the day that a few number of individuals can build a super virus (already possible for a few, but it will become more common), nuclear bomb or, heck, create a black hole in their basement? If that day comes, it doesn’t matter how strongly I hold the principle that everybody should have the right to privacy; I will gladly welcome our new AI surveillance overlords just to stay alive.
I’m bummed.
I agree that this is ludicrous, but I don’t think that people so much accept it as that they tolerate it. Since, for most people (albeit not all), the only utility of cryptocurrencies today is to get rich, it doesn’t really make any sense to abandon a network that sucks from a UX point of view in favor of a much better network, if you believe that the alternative network will net you much less money.
This is how it should work, but at least in the type of fields that we're talking about here, in practice this doesn't happen. I've published seminal papers in my field which have been cited hundereds of times. Not even the peer reviewers (let alone any reader) double checked my calculations.
Absolutely nobody:
OP: I'm TiReD oF THe SamE joKEs!1!
(On a serious note, I totally agree with you.)