Row 84461

Row ID: 84461 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 84461 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I'm not asking for hand-holding, I'm asking from the rational of how these go from point A to point C without point B being "???".

> These sorts of comments tell me that you don't fundamentally understand why crypto is important. If it's not decentralized, then it's not much better than a SQL database.

I "get" bitcoin and ethereum... I even bought into bitcoin early enough to have enough of it to pay off my house nearly two times over now. My belief in bitcoin becoming the universal currency is that of a koolaid drinker, so I don't want to get on that soapbox anymore than I already have, and I agree ethereum makes sense for some underlying things like ENS to me, and even NFTs though I don't believe in investing in those... anything that's a contract within a closed system can make sense there, it's just that there aren't that many closed systems that have a use that results in a monetary value.

The ones that would have inherent monetary value require branching into real-world securities, which requires the enforcement of the law and governmental cooperation... I can't pretend there is magical value to any of that without it and there is no practical way to link what exists currently to that.

How and why would a government enforce what some arbitrary blockchain has come up with? How does this happen before a government controls the whole idea from the gate with its own blockchain it controls completely from the start?

FieldValue
text I'm not asking for hand-holding, I'm asking from the rational of how these go from point A to point C without point B being "???". > These sorts of comments tell me that you don't fundamentally understand why crypto is important. If it's not decentralized, then it's not much better than a SQL database. I "get" bitcoin and ethereum... I even bought into bitcoin early enough to have enough of it to pay off my house nearly two times over now. My belief in bitcoin becoming the universal currency …
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-24
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url_encoded Z0FBQUFBQm5Lak80ZnM4d295Qkd3amF5a01TRkw1LXJyblVvVmw2d2xGTGEzNjhmandxam0ya2xwZHBNUXFKMThNWWVxU2ZrdklGZkUtYXR1eU9uaVNkN0cweUxIQXN3QW5TNHBsU0FRcVNFMXZucFdmTU9ya0w3eEw1Z1F2XzlyWG9vRVFIZldwSG5FTzhhUkxMcF9HWXd1VHo1aXY0Nmd5cjV0NmNucmdUVlVvMDlyUndzZTFRcHYxUnJHcFJNNi1BTGpTaEtNbzNuM3NtR2xkMW5IY21LaGhlSVRXZEdRUT09

Raw Record

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  "text": "I'm not asking for hand-holding, I'm asking from the rational of how these go from point A to point C without point B being \"???\".\n\n> These sorts of comments tell me that you don't fundamentally understand why crypto is important. If it's not decentralized, then it's not much better than a SQL database.\n\nI \"get\" bitcoin and ethereum... I even bought into bitcoin early enough to have enough of it to pay off my house nearly two times over now.  My belief in bitcoin becoming the universal currency is that of a koolaid drinker, so I don't want to get on that soapbox anymore than I already have, and I agree ethereum makes sense for some underlying things like ENS to me, and even NFTs though I don't believe in investing in those... anything that's a contract within a closed system can make sense there, it's just that there aren't that many closed systems that have a use that results in a monetary value.\n\nThe ones that would have inherent monetary value require branching into real-world securities, which requires the enforcement of the law and governmental cooperation... I can't pretend there is magical value to any of that without it and there is no practical way to link what exists currently to that.\n\nHow and why would a government enforce what some arbitrary blockchain has come up with? How does this happen before a government controls the whole idea from the gate with its own blockchain it controls completely from the start?",
  "label": "r/investing",
  "dataType": "comment",
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  "datetime": "2024-05-24",
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