polynya on Warpcast

polynya pfp

Half a year on from my final and most hated blog post, have things changed? Unfortunately not, crypto remains among the most morally bankrupt industries, and far and away the worst I've personally participated in. Most people in this industry are perpetually in denial, with negligible effort to change things for a better culture. Yes, vile degeneracy has been temporarily muted relative to March 2024, but this is only because the shitcoins are down 99% since then. I see no evidence that any lesson has been learned, and the same pandemonium is very likely to repeat. Obviously, I still highly respect the 0.1% of this industry that's actually net positive for humanity, and needless to say, all of this is just my personal opinion. I still hope, one day, at least some of the remaining 99.9% of the industry will share those values.

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mactar pfp

“Has been temporarily muted” - guessing you missed the breakpoint/token vids on CT lol

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Pete Horne pfp

If you think it’s bad now, you should have been there at the start. It’s just technology innovation. AI isn’t just used for art and the dark web is the same as the tech used to send cat memes. If crypto is truly a tech innovation it will find its way to good and evil. Pick what you look at.

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matthewb.eth pfp

must be nice to have the comfort to sneer at the “vile degeneracy” of gambling instead of participating

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Josh | The Blockchain Socialist pfp

Josh | The Blockchain Socialist

Totally agree. That's why we're building an alternative at Breadchain.xyz

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LucentMonk 🍖***🎩 pfp

LucentMonk 🍖***🎩

shit. I had an answer but it was too simple once I re-read it. I think you are being overcynical, but also make a very good point. Like the news cycle, or gossip, the bad and crazy gets elevated even though it is (hopefully at least) the small minority. -recovering toxic optimist

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Richard Carback pfp

Richard Carback

This resonates, I had hoped scams would die out as early as before the pandemic but at this point it’s resentment with only a glimmer of hope. The scams suck up all the air (and funds) from the folks trying to build.

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whimsi pfp

i’d say the average age of a person in crypto got younger younger people tend to want to be edgier hence the increase in racism and general vitriol i’d say crypto hasn’t changed too much but everything bad has become more apparent and out in the open - which is kinda true about the state of the real world too where politicians get caught out nowadays with no real repercussions - this is just the product of the environment and times we live in crypto is just a hyperbolic caricature of the real world, made up of people who love to limit test

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Omicrón The Usurper pfp

Omicrón The Usurper

I don't think this is just crypto-related. Many newcomers to crypto just came through shitcoins, memecoins, failed p2e's. The average profile (in my experience as a community moderator and CS) is a guy who doesn't know shit, doesn't care about learning how to XYZ and whose English is broken beyond repair. A great prey for every 0 IQ scammer out there if said profile wasn't broke more often than not. This average user, call him Jim, will go through a lot of projects expecting huge profits or even free "airdrops" granting him lotta free money, and thus he will join and blindly believe whatever trend each project follows. After joining a sufficiently big amount of projects, Jim will proceed to cry and say "scammers, scammers!" when things don't meet his expectations which may or may not be inflated by the project itself, but that he surely didn't take the time to check. I find normal crypto be filled of useless stuff. There's a lot of demand for it! Crypto doesn't need a moral compass. Some people do...

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The Blib pfp

Can’t say I disagree. Majority of crypto is around scamming, hiding wealth, or participating in other criminal activities. Even North Korea benefits from the scamming. Very few of us are genuinely interested in opportunity.

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Igor pfp

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a1z2 pfp

“In the industry” = retail? “In the industry” = builders / VCs? Different motivations. Weirdly enough, I think the casino gets people in the door, and some >0% end up staying for “crypto values”.

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Kat pfp

Some are here to do better, but companies can’t get funding get funding without token warrents. Protocols aren’t open sourced. And users on this app can tell scream that a project is a rug and have their comments be hidden in the replies. For some reason, we’re still here, and we’re still trying to make things better. 💜

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