• 3 Posts
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Joined 1 year ago
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Cake day: June 8th, 2023

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  • I checked your post history out of curiosity if you are shill-bot. And while you apparently spend a non insignificant time writing about Bitcoin, you also wrote pretty smart things too and seem to be a decent person. You also seem engaged in tech and interested in doing good things with it.

    Which confuses the fuck out of me how anyone like you could still argue in 2024 that Bitcoin is anything but a gigantic garbage fire. And not just Bitcoin. Pretty much all copycat crypto currencies it spawned.

    Which is not to be confused with blockchain technology. That has some fringe use cases. It is a valid technology for certain databases in some pretty specific and relatively few instances. But except for very specific and seldom legal cases, the technology hsas pretty much proven it is noehere near a proper replacement for money in general.

    So back to my point: How can someone who seems legitimately decent from most posts I saw, interested in technnology and most probably not having been hit on the head with a brick, write such a shill post with no particular purpose (at least from what I could gather)?

    Obviously you don’t have to reply. I am fucking nobody, it’s your busniness and I am certainly not entitled into an answer. I am really just curious how after especially the last couple of years, after all the existences Bitcoin and it’s offspawns must have ruined, them not having provided any tangible benefits to humanity in the process, how can one still argue it could ever do anything good as a replacement for money. Bitcoins atrocious and devastating track record, I’d argue, tells you all you need to know. And crypto exchanges are just unregulated stock markets where you get scammed left and right.

    Sorry for the rant, I expected a bot. Maybe you still are.







  • There is no system of precedence for rulings of lower courts in Germany, technically not even for higher courts (albeit there de facto is). That’s something you could find in the U.S. though.

    The lower court fucked up and it got overruled. The only thing Sony could have done would have been to bring similar cases to the same lower level court again and again and hope they make the same wrong decision over and over. That’s about the closest thing to precedence they could have relied on. It probably would have worked for Sony though.



  • They care about one thing only: Money.

    Obviously this is more of a strategic retreat and nothing else. It’s also a very common tactic to push for something crass, pull back, wait a bit and repeat. Most commonly resistance gets weaker each time, because people are people.

    Now if anyone thinks they made money with a retreat and won’t try again, because it’s obviously much more lucrative, which stone exactly are you living under?

    You are 100% correct. Nothing is won till you make it impossible for Google to push forward or destroy their motivation for trying again later.





  • Contrary to what you keep claiming like a broken record, I am very much in favour of decentralisation. I am however against the enourmous amount of shitfuckery going on in the crypto space. And all I care about is warning people.

    If you are of the opinion that cryptos - despite all rational - somehow have a future outside of a very few fringe use cases (e.g. black market transactions), then be my guest. You are mistaken, but I am also aware that there is no convincing crypto bros.

    In well over a decade the crypto space has caused multiple economical desasters that left a lot of people destitute. It’s kinda weird to ignore this fact, but you do you. Maybe believing harder in cryptos and doubling down will help this time. Best of luck, you will need it!




  • I didn’t write my reply for you, but for the people not yet aware of the inherent dangers of an unregulated financial market such as cryptos.

    You can continue LARPing on the internet that you are some sort of mastermind investor. If that makes you happy, it is your money. I am just asking you politely to not try and sell your financial and tech illiteracy to your friends and family, only for them to inevitably lose all the money they invested trusting you.


  • This is a weird take and not the “gotcha” you might think it is.

    Cryptos are a scam where nobody but very few at the top of the fraud actually win. While some crypto bros might be beyond help, they are actively endangering other people by trying to sell them their snake oil and drag them down with them. And the most tragic thing is, they stop applying any form of reason before making dangerous monetary decisions. People have and will continue to lose all their savings, so I would definitely agree with you that this shit is disgusting.

    Decentralised social media on the other hand does not and can not endanger people’s lifes like that. Yes, social media has dangers in itself. But I’d wager those dangers are far less pronounced, despite having a share of wackos.

    If you are into cryptos and don’t realise it is among the worst forms of gambling on it’s best days, maybe you should take a couple of steps back and reevaluate if you actually understand everything that’s going on, including the umcanny risks: Do you actually, for real, understand how it all works on the technological side or do you just pretend to or take someone’s word for it? Do you actually make your own decisions or are those influenced by forces outside of your control (e.g. “diamond hands”, “hodl” etc.)? Do you have a concrete and detailed financial plan that incorporates the worst scenarios as well ad exit strategies or is your “investment strategy” mostly determined by chance? How is your investment secured? Could you actually and factually sue in court and win in case bad actors try to prevent you from cashing out? How exactly is anything supposed to turn a profit and who’s pocket is that magical profit supposed to come out of? Is anyone standing to make a profit from you and can you guarantee it won’t happen? How?

    Those are just a few (but not even all) considerations where cryptos usually should ring enormous alarm bells for anyone with a modicum of financial education. But not to crypto bros. To them all of this is weirdly enough just dandy and questioning anything is greatly discouraged. At some point they stop all critical thinking and just throw money into the fire, so some grifters can grift.

    I’d personally rather use the money in cash to light a real fire. At least that will provide some warmth for a hot second.