for the biggest crypto investors it isn’t even really gambling. they use celebrities to hype a memecoin and then rug pull and split the profits harvested from the celebrity’s fans.
Sure, Monero is good for privacy-focused applications, but it’s a fraction of the market and the larger coins aren’t particularly any less tracable than virtual temporary payment cards, so Monero (and other privacy-centric coins) get overshadowed by the garbage coins.
Same with AI, where non-LLM models are having a huge impact in medicine, chemistry, space exploration and more, but because tech bros are shouting about the objectively less useful ones, it brings down the reputation of the entire industry.
At least LLMs produce something, even if it’s slop, all crypto does is… What does crypto even do again?
It gives people with already too much money a way to invest by gambling without actually helping society.
for the biggest crypto investors it isn’t even really gambling. they use celebrities to hype a memecoin and then rug pull and split the profits harvested from the celebrity’s fans.
Monero allows you to make untraceable transactions. That can be useful.
The encryption schemes involved (or what I understand of them, at least) are pretty rad imo. That’s why it interests me.
Still, it’s proof of work, which is not great.
Sure, Monero is good for privacy-focused applications, but it’s a fraction of the market and the larger coins aren’t particularly any less tracable than virtual temporary payment cards, so Monero (and other privacy-centric coins) get overshadowed by the garbage coins.
Same with AI, where non-LLM models are having a huge impact in medicine, chemistry, space exploration and more, but because tech bros are shouting about the objectively less useful ones, it brings down the reputation of the entire industry.
Crypto does drug sales and fraud!
It also makes it’s fans poorer, which at least is funny, especially since they never learn
Blockchain m8 gg