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Joined 1 year ago
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Cake day: June 15th, 2023

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  • The vast majority of the crypto world failed to understand one key concept, money is not the value for which goods/services are exchanged, it is the value by which they are exchanged. People do not have a use or value for money beyond what it can be exchanged for, if no one is willing to exchange for it, it has no value.

    Crypto only had value as a currency if people would accept it for goods or services, and the only thing people ever accepted it as payment for, in any meaningful capacity, were illegal goods and services. The value beyond that was purely based on a speculative ideological assumption that people would abandon the traditional banking system for a new system that they couldn’t buy anything with.


  • So, they’re really easy to work with and relatively affordable, so great for prototyping, and acceptable for production if a company wants to get stuff out the door without getting a proper custom built solution that would be better in the long run.

    When spin (electric scooter app rental company) pulled out of Seattle, they didn’t pick up a lot of the scooters there. People started pulling them apart when it was deemed they were legally abandoned, and it turned out they were all running on raspberry pi’s as their brains.

    Ultimately it’s save money on the development side since it allows companies to use less experienced or specialized employees. It’s obviously expensive in the long term since a custom built system that only does what you need it to would cost less