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Selfportraits

🕑 Added 2022-01-27 19:17:11 +0000 UTC

Comments

Wonder Andy

You can study cryptography and understand bitcoin (you can find books focusing on bitcoin alone as well), and it is interesting as such, but not useful for most people. More useful for most is the psychological side of bitcoin and how the price fluctuates based on people's feelings, so you can make money from those fluctuations. Bitcoin has some form of fundamental value in a sense that it can be used to make cryptographically verified transactions and it costs money to make (mine) new bitcoins. NFT is basically a scam, unfortunately, so there's nothing interesting about the technology (it's a cryptographically signed hyperlink, but the target resource behind the link can change or disappear at any time and be available publicly) but of course it's remarkable in the sense that so many people are putting real money on it in the hopes of fast profits. And ofc some have profited, too, at the cost of the next owner. But there's no inherent value in it at all. It cannot verify ownership of an image file, for example, despite that's what you'd expect it to do. Here's an article by Moxie, who is an actual cryptography researcher and not a "crypto bro": https://moxie.org/2022/01/07/web3-first-impressions.html The pics were beautiful as ever, so sorry to hear it was so cold! Hopefully you don't feel that old anymore. 99 % of people who think they understand crypto don't. Probably understanding that you don't understand them is better than thinking that you do despite being clueless.