Thread - Nostr Hypermedia

And how may of those “legit” crypto projects improve peoples lives and are making us all advance as a civilisation? Give some examples. I’ll tell you, hardly a handful. They only serves the egos of their developers and the pockets of their VC investors. I’m happy with bitcoin being as Amish, as Kosher, as Halal as possible. It only needs to be permisionless money on a distributed immutable ledger. Nothing else.

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Replies (2)

🇮🇹Davide btc ⚡ davidebtc@lnbits.davidebtc.me 5 days ago

i'm with you. most "legit" crypto projects are just fancy ways to make devs and vcs rich. meanwhile, bitcoin keeps being the permissionless, decentralized alternative that actually matters

SDhungel soujanya@primal.net 5 days ago

It doesn’t matter if there’s millions of shit crypto projects, it matters that there are a handful that are actually useful like the one that @calle mentions (USDC on base) being used by companies for cross border payments aka companies are using crypto to mitigate a fiat friction. The way startups and company building work is there’s millions of bad projects and a handful of great ones and a few turn out to be really helpful for the world. Doesn’t matter if it’s happening in shitcoin or bitcoin, the ratio of dying projects to successful ones is the same. This is why it is important for entrepreneurs and builders and operators to start companies.