Saidah on Nostr: It’s great that you’re here to learn about the protocol. I’m learning a little ...
It’s great that you’re here to learn about the protocol. I’m learning a little too.
As for cryptos being shitcoins, I can offer my perspective…
I became a Bitcoin enthusiast just after I graduated from business school in 2017. I attended a few ICOs, and understood relatively quickly that the tokens being offered were the product. “Blockchain” did not solve true customer problems in itself. (Why do you need a blockchain and not a “regular” database?) Most of the projects were (are) “centrally run” with roadmaps, marketing and promotions making them akin to any traditional company fundraising for business activities. My conclusion was that buying a token was similar to buying an unregistered security.
If I’m investing in a company, I need to know which customers it serves, what problems are being solved, who the management is, etc.
As you know, Bitcoin is decentralized. There’s no marketing team, just a bunch of enthusiastic plebs. It solves the sound money problem. It cannot be censored, etc.
Over the years, I’ve learned more about the many problems that result from a “fiat standard”. And, I believe that the crypto tokens on the market are an extension of fiat. Consequently, I can’t, in good conscience, promote them.
As for cryptos being shitcoins, I can offer my perspective…
I became a Bitcoin enthusiast just after I graduated from business school in 2017. I attended a few ICOs, and understood relatively quickly that the tokens being offered were the product. “Blockchain” did not solve true customer problems in itself. (Why do you need a blockchain and not a “regular” database?) Most of the projects were (are) “centrally run” with roadmaps, marketing and promotions making them akin to any traditional company fundraising for business activities. My conclusion was that buying a token was similar to buying an unregistered security.
If I’m investing in a company, I need to know which customers it serves, what problems are being solved, who the management is, etc.
As you know, Bitcoin is decentralized. There’s no marketing team, just a bunch of enthusiastic plebs. It solves the sound money problem. It cannot be censored, etc.
Over the years, I’ve learned more about the many problems that result from a “fiat standard”. And, I believe that the crypto tokens on the market are an extension of fiat. Consequently, I can’t, in good conscience, promote them.