It's amazing this crap has lasted this far, but I understand so many people feel so disenfranchised they're willing to try anything, including "digital magic beans."

Here's a good Documentary on the subject that goes into how blockchain works and why it doesn't work.

The notion that AI will help social media is all you need to know that those folks haven't the slightest clue.

You have to be stupid to think you have "freedom of speech" on anybody's private network or subreddit. It's the height of narcissism to think that's some "right" you have.

Reddit is run by individual armies of people who carefully cultivate specific communities. They have every right to restrict the content in their communities, and you have every right to create your own community if you don't like it. Complaining that you're upset because you broke somebody else's rules is childish.

With no due respect, fuck Kevin Rose.

He's the one that killed Digg in the first place. He wouldn't know how to create a good social media platform if it was a 40oz out of a brown paper bag.

That means the guy they put the chip into **hasn't died yet**.

I wasn't under the impression the president can sign an executive order to spend such crazy amounts of money on.... nothing? Doesn't Congress hold the purse strings? Is this just another case of RFK Jr. not having a clue how things actually work?

It's a shame he wasn't cataloging evidence of clergy sexual abuse. That's a system that could really benefit from the latest in technology.

This "iNfLaTiOn" argument is so lame.

Nobody sits on a pile of cash for 10 years. If that's your idea of investing, you're an idiot.

And these people should be lucky. Chances are they'd have lost 100% of their principal if they had control of it. It was just luck they managed to get anything back.

I do not understand why this is still going on? Blockchain has been around 15 years and it hasn't demonstrated it's good at anything except money laundering and scam.

For those who still don't understand watch the documentary Blockchain: Innovation or Illusion? It was written by a software engineer and it explains precisely how the whole thing works and why it doesn't work.

Do people really think they're going to get rich on something like this?

It blows my mind that the absolutely buck-naked Emperor that is bitcoin & blockchain is still being touted as being even remotely useful.

Any basic example of how blockchain technology works pretty much indicates it is a fraud.

I guess the way modern media and journalism works is that if you take huge dump truck of bullshit and divide it into piles and make shit patties out of them and dress them up with lettuce and tomatoes and distribute them among a number of "de-centralized" restaurants, nobody will notice (due to the media taking them at face value without actually looking at the ingredients) they're all serving bullshit?

So... the notion of "trusted stablecoin" is an oxymoron. NONE of these, including USDC are anywhere near properly audited and regulated in the same vein as traditional financial institutions.

For an example, see the difference between audits and attestations.

So why the switch? Probably plausible deniability. USDT is more over-extended than USDC in the market right now. Coinbase figures more exchanges are going to collapse and if they insulate themselves from USDT they can claim they're "separate" until there's a similar run on USDC.

It's all a house of cards that's going to come crumbling down.

To even play with the system you have to give up an e-mail and a mobile phone number. It doesn't seem wise to give an AI company that much personal information.

Hydrogen is not "clean burning fuel"... it's the result of fossil fuel production.

Please don't astroturf for the fossil fuel industry here.

Web 1: The original Internet - a combination of centralization (DNS,IANA) and de-centralization.

Web1 is still around and doing fine.

Web 2: Corporations discover Web1 and want a piece of it, so they give away free services in order to corral users into walled gardens: YouTube, Google, Facebook, Twitter, Reddit, Tiktoc, Instagram, etc.

Web2 runs on top of Web1, which is still there.

Any time anybody gets sick of Web2 they can go back to Web1. They can run their own web sites or Wordpress installations. IRC, Usenet, Etc.

Web 3: Web 2 with ponzi scheme tokens added

Web3 is just a different set of rich people offering inferior copies of web1 and web2 services with crypto tokens added, foolishly thinking that people are going to pay for inferior versions of services they already get for free. It's one of the most absurd things ever.

There's a very specific reason a few VC firms have jumped into this.

It's because in the crypto ICO model, they can cash out before they even have a MVP or a business plan. This industry is so full of irrational idiots who think they're going to get-rich-quick, that they'll buy any new token that comes out. And these VC firms can give a crypto startup a bunch of money in return for tokens, then sell those tokens up front and get a return on their investment before anybody notices there's not even a rug to pull.

For more see This upcoming documentary: Blockchain - Innovation or Illusion?