Amazon's Server Outage Took Down a 'Decentralized' Crypto Exchange (opens in new tab)

(vice.com)

44 pointskapsteur4y ago4 comments

4 comments

This is a funny example of something I think crypto maxis completely fail to account for.

They genuinely believe that fiat will "go to 0", but have put zero though into what the state of the internet or connectivity will be in a world where the USD is worthless. What use is the blockchain if you can't access it?

cyanydeez4y ago

It's also completely facile. There's already crypto banks, facades after facades hindering true valuations.

They're basically proving that the real problem people have with fiat currency is that it doesn't make them naturally rich via inheritance.

defaultprimate4y ago

Yup, the amount of actual wealth in the crypto space is, in my estimation, less than 10% of what it's touted to be. Maxis are "true believers" but they're a hyper minority compared to the speculative crypto bros trying to rope in greater fools.

literallyaduck4y ago

Decentralized means renters of 1 to 3 landlords.

j / k navigate · click thread line to collapse

4 comments

defaultprimate4y ago

This is a funny example of something I think crypto maxis completely fail to account for.

cyanydeez4y ago

It's also completely facile. There's already crypto banks, facades after facades hindering true valuations.

They're basically proving that the real problem people have with fiat currency is that it doesn't make them naturally rich via inheritance.

defaultprimate4y ago

literallyaduck4y ago

Decentralized means renters of 1 to 3 landlords.

j / k navigate · click thread line to collapse