I also remember, shortly before the dot-com crash, predictions that all these nonsense dot-com businesses, like "pets.com" with their sock-puppet, would fail. And they did.
https://twitter.com/balajis/status/1478996075843231745
Every revolutionary good idea has people saying it'll fail.
Every stupid bad idea has people saying it'll fail.
You can't claim naysayers are wrong just because good ideas had naysayers, because bad ideas had naysayers, too.
Every stupid bad idea has people saying it'll fail.
You can't claim naysayers are wrong just because good ideas had naysayers, because bad ideas had naysayers, too.
I'm both, btw.
Cryptocurrencies and smart contracts are revolutionary good ideas.
The nonsense with bitcoin and NFT valuations are just ponzi schemes, whose payouts will come from future investors, not in operating profits.
Cryptocurrencies and smart contracts are revolutionary good ideas.
The nonsense with bitcoin and NFT valuations are just ponzi schemes, whose payouts will come from future investors, not in operating profits.
I use small 'p' "ponzi" not "Ponzi". It's really more the principle, that your only payout will come from future investors.
The value of gold comes from the ponzi principle. It's value comes solely (essentially) from future investors and from some intrinsic value in gold.
The value of gold comes from the ponzi principle. It's value comes solely (essentially) from future investors and from some intrinsic value in gold.
This tweet is rather insightful: being a naysayer is for the lazy. You'll be right 90% of the time without having to put any of the work in.
https://twitter.com/robogeographer/status/1479223869588361218
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