i wasn't going to respond because i still feel this will go over many of you guys heads. I'll try anyway maybe it's one person out there that will understand. I don't think you all want cryptocurrencies to solve any real issues is number 1. Many of you just wanna get a pump coin going so you can take the money back to the real world and use it in the real world.
What you don't understand if your cryptos really solved a problem you wouldn't even care about it being a profitable business. That brings me to my second point. i guess myself and the bitcoin maximalist share this idea. That creating more and more businesses on the chain doesn't make any sense. That's why bitcoin doesn't care if anything gets built on top of it or not.
So i won't go into detail why trying to keep creating these for profit businesses on the chain are a bad idea. It's alot to unpack there so i'm going to move to the end summary and some of you will get it. Others will never get it. However it will remain the issue. The final step im the problem is you need to create an actual currency. We don't have a problem in creating businesses. We have a problem in creating a currency that works for us. Bitcoin tried to do it and failed miserably at it. That's what we're really looking for. Now i believe a solid currency can be built on the concept of metcalfe's law but you all won't achieve the greater part of metcalfe's law not one project i've seen. Anyway that's why you seeing a problem.
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You just planted a stick of dynamite under the foundation of the argument here.
You are seeing this from such a different perspective from me that I don't even know where to begin.
Name any economic system that had staying power and was able to scale without being profitable.
This is the entire problem with capitalism and macro economic growth.
Things that don't pay for themselves have to be subsidized from another source.
Crypto can subsidize exponentially better, in addition to having access to tools that allow a million new ways to monetize things and make them self-funding.
A "Bad Idea"?
Excuse me? Like we have a choice in the matter?
Like we have the power to stop people from building the things they want to build?
These are permissionless networks.
Opinions about what other people should do are irrelevant.
Going to happen whether we like it or not.
I don't see a problem.
Things are moving faster than I could have ever hoped.
Any theory-crafting done today will get completely scrapped and refactored in 5 years.