But like, not if anyone you respect is around

“Durable goods lasting longer than ever, but spun as economic anxiety”

The value of a crypto token is ostensibly related to the value of the apps which the blockchain supports. It’s meant to be both a form of compensation for participating in the network, and as currency for purchasing services from blockchain apps. That’s how it derives intrinsic value. So if there is social media which runs on a blockchain, then the hosts within that blockchain get tokens for participating, and eg, advertisements or subscriptions are purchased in tokens. This means those who manage those participant nodes can sell their tokens to those who want to buy blockchain services. As the cumulative value of these services grows, an entire crypto economy is established, and it becomes effectively another form of fiat which has a real exchange rate backed by some real economic activity.

This is how it’s supposed to work. The problem is that we just don’t have any compelling apps, and the initial speculation has all but ensured that this cannot happen organically because the market cap is already just so much bigger than any realistic medium term outlook for intrinsic value. Bitcoin’s blockchain would have to support some form application value which is bigger than the biggest companies in the world, and right now it basically has zero useful applications.

There’s zero chance the people who did this are still in the country. They would have been on a diplomatic flight that same hour.

This is exactly it. I’ve seen this exact thing play out a bunch of times. It’s a real threat to them, because so many of these people got to where they are because they know how to work that frat boy culture to their advantage, and now they suddenly have to deal with people who don’t find their shit funny. The reality is that they don’t actually have any real skills besides the politics of being loud and borish.

The thing is, if you say “black lives matter” they’ll quietly run to HR and claim they don’t feel comfortable and they don’t want politics in the workplace. Then they’ll turn right around and go back to talking fondly about their date rape days at Cornell

Or maybe it’s because they have zero patience for people who can’t understand the idea of basic human rights?

It’s a bit of a shame they weren’t able to arrest anyone for it.

This feels like a futurecanoe bit

How many of them are 196 shitposting?

SRD has revealed themselves to be largely bootlickers in all this.