Murtaza Hussain pfp
Murtaza Hussain
@mazmhussain
This is an issue that I’ve grappled with for years and have written about (https://mazmhussain.substack.com/p/what-bitcoin-and-crypto-are-for). I’ve tried convincing more left-leaning people about the possibility of crypto but come up against much opposition. This opposition has been built on a belief that crypto is simply a scam that utilizes effective storytelling to inflate hyper-speculative assets. After years, I’ve stopped trying to convince people. This is because I’ve come closer to their perspective and developed a more negative view of the crypto world. This is not about the technology, which is neutral and can still have uses, but about the broader “crypto industry” which really is overrun with scamming and abhorrent behavior. I wrote about my evolving views here after years of observing this industry (https://paragraph.xyz/@unmediatedthoughts/casino-killed-the-computer-star?referrer=0x2503b70933119084c26df4c8d3e96d282de10743). I still have some hope which is why I keep an open mind.
10 replies
22 recasts
28 reactions

vrypan |--o--| pfp
vrypan |--o--|
@vrypan.eth
I enjoyed reading the article. And I have given up trying to convince, because there is no point. And because I've lived through this a couple of times in my life. Like in the mid-90s, when I was trying to explain to my 20-something friends who first touched a computer at the university, about the usefulness of email and the amazing world of the Internet ahead of us. Or when I was trying to build WAP applications in the early 2000s and dreaming about location-enabled services on phones with a browser, while my potential clients relied on fax machines. Or in the second part of the 90s, when I was the internal joke in a company that relied on DEC Unix, Solaris and SCO, and preached Open Source and Linux. Same thing later, with blogs, podcasts, social media. (cont.)
2 replies
0 recast
3 reactions

vrypan |--o--| pfp
vrypan |--o--|
@vrypan.eth
There is a very specific type of person that is interested in using things before they are ready, with the promise of something in the future. It takes time, effort, sometimes money, and there is no guarantee your effort is even worth it. They are called early adopters, investors, etc. depending on what they put in this effort. There are also these that take advantage of the opportunity while there are still no laws, social norms and guards. Scams, drugs, porn, gambling, etc. have such a high return that's worth the risk and the effort, even in the very early stages of a technology. The rest of the people, just wait for it to be ready. And when the offering is clear, mature and affordable, they consider it.
0 reply
0 recast
0 reaction

Murtaza Hussain pfp
Murtaza Hussain
@mazmhussain
Rooting for you and everyone who cares about the tech to build something good with crypto
0 reply
0 recast
0 reaction