Highest Rated Comments


AmericanScream246 karma

Yes, that is an excellent video, and to be honest it was one of the inspirations for me producing my documentary. Actually it didn't start out as a documentary - it just started out as a series of videos answering common questions I would field about crypto, and then I saw "Line Goes Up" and I thought if he can do a 2+ hour video just about NFTs, maybe there's an interest for a comprehensive expose of blockchain?

AmericanScream196 karma

4 day week is available at the GOLD PREMIUM contributor level.

AmericanScream96 karma

Just because something has a "use-case" doesn't mean it's worthwhile.

I can use a pair of scissors to cut my lawn, but it's incredibly inefficient.

So is the notion that using a proprietary browser that's riddled with sketchy plugins and vulnerabilities as a way to "create passive income."

Not everything in the world needs to be monetized, especially some obscure browser with its own token system.

I would love to honestly talk with someone who is actually using something like the Brave browser and the BAT token and "do the numbers" on how much time they've spent and how much they've earned? Every P2E crypto project I've seen is so incredibly bad on its ROI that even people in third world countries aren't interested.

AmericanScream73 karma

Thanks, actually I'm a mod of /r/buttcoin which is one of the places where I cut my teeth debating with pro and anti-crypto people. That community isn't as vibrant as it once was, mainly due to the pro-crypto subreddits claiming we've been "harassing" them by speaking the truth about their posts - now we're prohibited from even referencing any other subreddit.

As far as the "true believers" I am under no illusion that I can change anybody's mind.

I think in a general sense, nobody should ever expect to present data and have people admit, "Oh wow, I didn't think of that, you're right and I'm wrong." I think that's a tough thing to expect even if it might be true.

At best, all I can do is put the info out there and hope it plants a seed in peoples' minds.

On top of that, I am of the belief there are a lot of people in the crypto industry that know full well none of it makes sense and it's all a scheme to profit from "greater fools" coming in later. But they don't care about the ethics as long as it benefits them. I can't do much for those people I don't think.

But there are others out there who may not know enough -- or as I would say, they do know enough but they've been "gaslit" into thinking their doubts aren't legitimate. I wanted to put together a film that provides all the evidence most people need to justify their hunches: yes, it doesn't really make that much sense.

AmericanScream53 karma

As a member of the media, why do you all persist, especially when it comes to Bloomberg - one of the worst-of-the-worst, to suggest there's any real utility in the crypto industry?

We're 15 years into this "tech", and to date, there's not a single thing blockchain does better than existing non-blockchain applications.

Are you that obsessed with "engagement" that you continue to propagate the myth that there's some redeeming quality to the crypto industry? The fall of FTX is not any different from any of the other dozens of crypto exchanges that have collapsed in recent years.

But instead of pointing out this is just another example of a pathologically corrupt industry centered almost entirely around deceit, you distract people by acting like SBF and his cohorts are "just a few bad apples" tarnishing an up-and-coming industry.

Are you all intentionally or un-intentionally refusing to publicly acknowledge the crypto industry is almost entirely composed of fraud?

Do you feel any sense of journalistic responsibility to point this out, or do you simply not care?

I think most of us know the answer to this question. We're just curious if you're honest enough to answer sincerely?