A person in charge of "web3" which I think is a scam at the place I work at says:
I agree in large part but I’m not a maxi.
I believe that a lot of interesting stuff is happening with ETH and that storing coins on cold wallets and just holding it isn’t going to create a vibrant economy.
The hard thing is to get the right balance and make the rights choices somewhere in the middle.How would you respond to this? He is having incredible influence and I know no matter how much I expound, due to confirmation bias and expert bias, it may just not go through.
Thanks
In one word: lightning⚡
Here are a few interesting projects/websites that use lightning in one way or another:
Happy ⚡!
I believe a lot of interesting stuff is gping on with ETH as well. For example how it gets censored by US gov or how it aligns itself with WEF. Or how they achieve deflation but just not coding withdrawals in. Genius!
Is right, a lot of interesting stuff happening in ETH, for example the fact that people can't withdraw their ETH or their "stake" and no timeline for when they will.
There is no such thing as a ETH Maxi. That's just someone who didn't do their homework.
I look at his eyes while he is speaking and then I leave.
It's not a lot. Here are the interesting things:
The more you learn about them the more they lose their interest. Dai and Compound in particular are forms of lending eth programmatically in order to accrue yield. If you put some of your eth in compound or in a dai vault, you can borrow or issue stablecoins against it. This is only useful for those who want to go short on eth (any stablecoin is inherently identical to a 1x short position) or for those who want to go long on eth (by selling the stablecoins for more eth and then hoping to pay back the loan after the price of eth rises). That is gambling and yield chasing. It is not a sign of a "vibrant economy" but of a very sick one full of degenerate gamblers who expect to gain money without work. Uniswap's sole purpose is also gambling. You can swap the token you think will go down in price for the token you think will go up in price. That's it.
Rollups are the only one of those that actually has any compelling long term interest because it is a useful way to scale up the number of payments a blockchain can process. They are roughly equivalent to what we bitcoiners call drivechains. Maybe someday we'll have them too.
Tell your friend that money is not supposed to create a vibrant economy, it's supposed to represent it as accurately as possible.
Sound money in of itself does not generate cash flow, dividends, profit or real yield.
If you want a vibrant economy, you have to produce valuable things.
The "vibrant economy" ETH supports is basically shitcoin gambling and yield farming. It's the ultimate useless virtual barter economy.
Repetitive and redundant
Time will tell.
Fees, fees and more fees…
Interesting !== Important
Eth isn’t censorship resistant, doesn’t have a fixed monetary policy or supply cap and most importantly doesn’t seem to really “fix” anything. It’s fed 2.0 ran by technocrats who are constantly trying to find a new problem their solution fixes.
Bitcoin fixes actual problems like censorship resistance, fixed supply cap, no pre mine, etc…
I can see that you want to come up with a better argument and I understand it. But I would first ask myself if it is a fight worth fighting. Saylor explains it brilliantly here: https://fountain.fm/episode/9205753768 (first ~10 min.). “The point is: do you want to succeed or do you just want to fight.” Is convincing this particular guy worth the time and effort?
There is no better way of learning than teaching.
Arguing/convincing others is a form of aggressive teaching.
Good point. But I prefer cheerful over aggressive.
I'm not saying that the answer is no - it's just a question worth asking.
Tell him that what happened with DAO disqualifies eth from ever being taken seriously:
https://en.wikipedia.org/wiki/The_DAO_(organization)
-> block
ETH is centralized
Uncapped supply
код который можно поменять через год теряет 50% истины.