Hi I hate capitalism, also please gain a better understanding before criticizing blockchain and ledger technology. I know all the headlines are making many of you upset, but also they have lots of misinformation.
I would love to read good critiques of cryptocurrency but its always ignorant in the way the right wing is ignorant about things. Think about the last time you argued with an ignorant chud. That's a lot of these posts.
Rule of thumb if you don't understand what it is don't criticize it. Be angry all you want but when you do make criticisms it's important that they land. Because there is a lot of really bad garbage. There's also lots of good things like https://eva.coop/ https://yewtu.be/watch?v=_V7wThsAUs4 .
Anyway I don't mean to scold too hard here. So I'm gonna provide some information.
NFT: A unique indivisible asset. could be a blockchain domain like .eth .crypto etc. Could be used for ID. Could also be used for speculation.
Smart contract: Lines of code used to program money, this could be used with stable coins to offer interest and replace banks.
Remember there are parts of the world where banks only serve the rich. This could also be use for encrypted messaging and email. Imagine if a company had to pay transaction fees to spam you. It would stop happening.
Stable coins: you know that thing no one seems to mention when they say it's too volatile to use?
In general just stop grasping at straws because even the gravel institute gets it wrong here. https://yewtu.be/watch?v=0AAUrMuMPlo . Imagine throwing away credibility out of hatred and ignorance. It's very disappointing.
Also mind you when payment processors shut down HRT for trans people often crypto gets used to bring life saving medicine to trans people.
**Das Sein bestimmt das Bewusstsein. ** It is the reason why for ex speculations and fast money schemes are the top usecases of the blockchain technology nowadays at least in media and perception of broader audience.
This is what we see during a bull-run, not what happens the 3 years no one pays attention to. And I get speculation being criticized, it just seems like they think they aren't participating in capitalism by not buying ebucks or something.