Kickstarter moving to blockchain

[Ryujin]

You have far more faith in governments than I have in any government. I'm totally expecting them to have that realization and then try to figure out how to get in on the action (see all the recent news about CBDC discussions).

I wouldn't call it faith in government. It's having faith that big business doesn't like when someone else gets to take advantage of the poor and gullible, and they have government as a tool to wield.

 

[Grendel_Khan]

You have far more faith in governments than I have in any government. I'm totally expecting them to have that realization and then try to figure out how to get in on the action (see all the recent news about CBDC discussions).

Absolutely agree. If you watch the most recent U.S. congressional hearing on crypto, you see the usual politicians from our anti-all-regulations-no-matter-what party deploying the same rhetoric they always do, essentially praising whatever it is these private sector folks are doing with this here inscrutable crypto stuff, because they must know what they're doing, they're making money! Or, something like money? Ah, who cares, regulations are bad, and such.

(I know, this is overtly political, but it's also why companies like Kickstarter can do whatever they want with blockchain or crypto assets without anyone in government intervening, except maybe to help expand the NFT bubble even further)

 

[Ryujin]

Absolutely agree. If you watch the most recent U.S. congressional hearing on crypto, you see the usual politicians from our anti-all-regulations-no-matter-what party deploying the same rhetoric they always do, essentially praising whatever it is these private sector folks are doing with this here inscrutable crypto stuff, because they must know what they're doing, they're making money! Or, something like money? Ah, who cares, regulations are bad, and such.

(I know, this is overtly political, but it's also why companies like Kickstarter can do whatever they want with blockchain or crypto assets without anyone in government intervening, except maybe to help expand the NFT bubble even further)

It's right up there with the praise heaped upon companies that managed to create paper, that was backed by paper, that was backed by the profits on sub-prime loans. Look how THAT turned out.

 

[Tun Kai Poh]

It's right up there with the praise heaped upon companies that managed to create paper, that was backed by paper, that was backed by the profits on sub-prime loans. Look how THAT turned out.

In some cases, it was the same people who caused the sub-prime crisis, backing crypto as the next big thing...

 

[Ryujin]

In some cases, it was the same people who caused the sub-prime crisis, backing crypto as the next big thing...

Hey, if you can do the worthless paper thing, without even having to pay for paper, PROFIT!

 

[Umbran]

I wouldn't call it faith in government. It's having faith that big business doesn't like when someone else gets to take advantage of the poor and gullible, and they have government as a tool to wield.

But, you forget the option of them getting in on the fun. Amazon paying their people in Amazon-coin, which they can spend on Amazon and at Whole Foods. A return to owing one's soul to the company store...

 

[Ryujin]

But, you forget the option of them getting in on the fun. Amazon paying their people in Amazon-coin, which they can spend on Amazon and at Whole Foods. A return to owing one's soul to the company store...

Not forgetting it at all. There's nothing truly new under the Sun.

 

[Undrave]

I wonder how long before government realizes that it's just a huge Pyramid/Ponzi Scheme and gets to cracking figurative heads?

Governments are famously slow to react to new technology like that...

MAYBE the EU could do something like how they forced everybody but Apple to use the same charge cable for phones?

 

[Bohandas]

(In all honesty I'm positive that they announced Blockchain! to satisfy the investors who love to hear those meaningless buzzwords, and didn't have an actual idea of how they were going to use it. And also didn't consider that the folks who make their company worth investing in might have something to say about that idea.)

So the same reason why any company talks about using blockchain

 

[Bohandas]

I wonder how long before government realizes that it's just a huge Pyramid/Ponzi Scheme and gets to cracking figurative heads?

I'm wondering how long it's gonna be before the government realizes, "wait. did they say they're getting involved with technology designed for money laundering and tax evasion?"