> The only of the two of us who had made an ad hominem against the other is you, by saying I have an "inability to attack their (your) argument." Thanks hypocrite!
Re-read my comment, that’s not what I said. It’s difficult to have a discussion with someone who selectively quotes text, and deliberately ignores the wider context.
> I'm not a fan of stable coins, but how many people you reckon are buying DAI or USDT with the idea of striking it rich?
One of the original stated goals of USDT was to provide an on-ramp to other crypto, and do an end run around KYC and AML laws. People don’t buy these coins to get rich, they buy them to either purchase other coins, or to temporarily insulate themselves from crypto volatility, without having to resort to fiat. Additionally the fundamentals to USDT have been called in to question may times, with plenty of evidence that whole things scam and someone’s stolen the backing fiat.
> Try being a neutral pragmatist that doesn't believe crypto is an investment utility but rather one possible financial engine that allows electronic transactions without KYC or centralized authority.
I’m not sure how you’ve ended up deciding that you think I treat crypto as an investment, not a currency, after I’ve explicitly said the opposite.
As I said I believed that crypto could be a very interesting and useful currency, unfortunately it’s not panned out that way. Saying we should treat crypto like a currency when it doesn’t behave like one, and when most people don’t treat it like one, is hardly pragmatic. A more pragmatic approach is to observe how others are using it, observe how it behaves, and treat it like that. If it looks like an value gaining asset, and people treat it like a value gaining asset, then it’s a value gaining asset. Not a currency.
To cover your eyes and ignore the reality of the situation is just foolish. It certainly does nothing to advance the cause of crypto being a currency.
Why are you wasting so many 'watts' sending this out? Every watt you use for debating on HN is a watt not used for something more productive. [ Personally I prefer units of energy like joule, power is not a measurement of wasted energy. If I wasted 10 kW for 1 minute it's not as bad as wasting 1 W for 11,000 minutes]
>If it looks like an value gaining asset, and people treat it like a value gaining asset, then it’s a value gaining asset. Not a currency.
>I’m not sure how you’ve ended up deciding that you think I treat crypto as an investment, not a currency, after I’ve explicitly said the opposite.
Again you go on contradicting yourself whenever you find it convenient. You are possibly the most disingenuous, contradictory, hypocritical person I've met on HN. Fine to waste 'watts' on social media news sites but not to send a payment to your unbanked cousin in El Salvador. Have fun thinking like a person who only looks for ways to fail, rather than ways to succeed.
Not a biblical person myself, but I'm going to take a note out of the bible on this one : " Answer not a fool according to his folly, lest you be like him yourself."
One is not like the other. But please continue to pretend otherwise.
> Again you go on contradicting yourself whenever you find it convenient.
Please be explicit and show we’re I’ve contradicted myself. I don’t believe I have, but happy to be proven otherwise.
> Not a biblical person myself, but I'm going to take a note out of the bible on this one : " Answer not a fool according to his folly, lest you be like him yourself."
You make a good point. Why have I bothered to talk to someone who is so clearly disconnected from reality.
Re-read my comment, that’s not what I said. It’s difficult to have a discussion with someone who selectively quotes text, and deliberately ignores the wider context.
> I'm not a fan of stable coins, but how many people you reckon are buying DAI or USDT with the idea of striking it rich?
One of the original stated goals of USDT was to provide an on-ramp to other crypto, and do an end run around KYC and AML laws. People don’t buy these coins to get rich, they buy them to either purchase other coins, or to temporarily insulate themselves from crypto volatility, without having to resort to fiat. Additionally the fundamentals to USDT have been called in to question may times, with plenty of evidence that whole things scam and someone’s stolen the backing fiat.
> Try being a neutral pragmatist that doesn't believe crypto is an investment utility but rather one possible financial engine that allows electronic transactions without KYC or centralized authority.
I’m not sure how you’ve ended up deciding that you think I treat crypto as an investment, not a currency, after I’ve explicitly said the opposite.
As I said I believed that crypto could be a very interesting and useful currency, unfortunately it’s not panned out that way. Saying we should treat crypto like a currency when it doesn’t behave like one, and when most people don’t treat it like one, is hardly pragmatic. A more pragmatic approach is to observe how others are using it, observe how it behaves, and treat it like that. If it looks like an value gaining asset, and people treat it like a value gaining asset, then it’s a value gaining asset. Not a currency.
To cover your eyes and ignore the reality of the situation is just foolish. It certainly does nothing to advance the cause of crypto being a currency.