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Comment 2 weeks later: "STUNNED FAN MAKES $720 SALE..." (Score 1) 51

"... from free digital bobblehead! Is this the start of a goldrush era in crypto merch?"

What will be reported:
How a bunch of regular old fanbros just paid their mortgage from selling wack-ass crypto bobblehead things that suddenly everyone wants
How easy it is to trade these tokens if you just go to $promoterPortalDisguisedAsFanBlog and follow helpful wallet creation wizard steps

What won't be reported:
"stunned fan" (along with 2 or 3 others who were helpfully introduced to the article's author) was a plant by the promoters of the bobblehead scam, who directly or through sockpuppets hold 20-50% of the total liquid supply so as to play chart wizardry with the price at will,
and/or: article author was approached with "free samples," a personal tech walkthrough of the crypto-bobblehead trading process to "try it out and just have some fun," and 75% of the article copy pre-written to help him/her spin^H^H^H^H explain all the futurist crypto-hustle jargon to the readers

(repost from unexpectedly AC-ified session, thanks New Chrome)

Comment Re: is it me (Score 1) 60

Crypto without "decentralization" (and thus the possibility of censorship resistant and anonymous transactions) is just digital currency, which governments have been trying to make happen for 30 years already. The hype around crypto is convenient and timely momentum to co-opt for their much older objectives.

Decentralization is a mirage, but it's the mirage that distinguishes "cryptocurrency" from "digital currency which happens to involve cryptography"

Comment Cryptocurrency finally becomes a self-parody (Score 1) 170

A project that sprang from a motivation to eliminate the ability for central bankers to arbitrarily print money (by transferring the function of money creation to "the people") becomes the very tool used to facilitate it. Shockingly, It turns out that governments are members of the set called "the people." /s

Comment Someone is going to propose a Papal Blockchain (Score 2) 72

Blockchain consultant: "You see - it is all meet and right, for in the beginning, your Holyness, we shall have a Genesis Block. And thus through Proof of Works shall we suffer the poor to mine unto God what is God's for the glory of the one true Fork."

Papa F: "My child, this proposal seems canonically inconsistent with doctrines concerning salvation by faith. Indeed, should we not tempt the poor into the servitude of Mammon by making each the hustler of his fellow man, the wealthy must be persuaded to - what's that word you use - "bootstrap" the tithing with their voluntary contributions."

Blockchain consultant: "Your foresight is without equal, oh primus inter pares, for we deal address this in the next slide deck, "Phase 2: Indulgence Coin Offering"

Papa F: "A righteous solution, but how do you propose we explain all of this to the flock?"

Blockchain consultant: "We shall distribute this wisdom through the establishment of an official education and outreach program, a Center For Decentralization, if you will"

Papa F: "Ah! Complex problem answered by a Holy Mystery; the Eastern Orthodox will certainly be envious. However I have a final inquisition for you."

Blockchain consultant: "By your grace, please ask"

Papa F: "What's Phase 3?"

Comment "Decentralization" is just "Disruption" reframed.. (Score 1) 93

...in a less overtly hostile context. Yet the effect is exactly the same, with the innovation that blame for any unwanted harmful side effects and external costs is shifted from "disruptors" to the nameless, anonymous agency of of "the people" or "the investors." In the end, gravity wins, and that which was decentralized will re-centralize in roughly the same form.

Comment Re:Why Decentralization Is Bad (Score 1) 93

People do track, because decentralization has dynamic limits due to signalling constraints, like any complex system. The people who care to invest the effort and time required to position themselves such that they can do the tracking, and thereby collect highly exclusive information about the informal hierarchies that structure the 'structureless' channels of influence within it, understand how powerful the cloak of decentralization is.

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