Has anyone else watched "Line Goes Up" yet on Youtube? It crystallises a lot of the things Lews and PKC have been saying for years in exhaustive detail, if you've got two hours to spare sitting through it.
Post-Covid, my 2019 hunch that we'd accelerate towards a cash-free society has obviously aged magnificently, and I still think crypto as a criminal resource will persist. But what strikes me after watching the documentary is the twin currents of ideology running through the crypto community. You do seem to get people who are still genuinely utopian about the potential of the technology - for most of them, the response to the video has been "Yeah this is all true right now, but things will get better!" But what Line Goes Up really confirms to me (someone who never bothered setting virtual foot in any of these cyber spaces) is that the vast majority of crypto bros have no real interest in the technicalities of a functional currency or the uses of blockchain. They're just trying to get rich as fast as possible, and there is absolutely a cult-like mentality of trying to recruit others at all costs purely so they can profit.
The documentary also left me seriously doubting whether NFTs have any functional use in the future, even if their application is improved. Before I knew too much about how they worked in practise I felt like they could be a legitimate piece of tech once someone figured out their application a bit more clearly. Now, I don't even see them having any use to criminals.
Even Dan Olson's video couldn't keep up with the rate of dystopian decay the Cryptoverse is experiencing. Here's another (not quite as long) vid released a couple months later:
Also, for those who enjoy the endless schadenfreude news updates of Crypto-scams and NFT rug-pulls: Web3 is going just great
___________________
Everyone has an opinion. Mine just happens to be a little more informed than most. Electronic Music Critic: Near-Daily Ruminations Of Music I Own, In Alphabetical Order!
Apr-06-2022 11:08
SYSTEM-J
IDKFA.
Registered: Sep 2003
Location: Manchester
It seems we can add "Charlie Brooker-style takedowns" to the list of the UK's most successful export industries, right beside piano breakdowns and Hollywood bad guys.
EDIT: A bit of idle research (I'm not a creepy stalker, honest) reveals she's from Leeds, my old stomping ground, and is actually friends on Facebook with my old housemate. I'm starting to wonder if I've met her years ago.
Registered: Feb 2007
Location: Hugging Whales And Saving Trees
Hah, I haven't watched the entirety of both of those videos, but I've talked to both people and they definitely know what they're talking about and are good peoples. (The Web3isgoingjustgreat woman is great, too.)
I'm not British (yet?), but I'd be happy with putting Charlie Brooker-style takedowns on the list of top UK exports. It's an art form.
So the Munecat girl used to work behind the bar at the O2 Academy in Leeds, which is a big music venue where I've seen the likes of James Zabiela and J00F play, about a million years ago at the same time my old housemate worked there. So I've probably met her, and at the very least been served a drink by her. There was something naggingly familiar about her.
If you've met her as well then that's a very bizarre version of Six Degrees Of Separation between us, as I presume she's spoken to you while doing research on finance for these videos.
I've actually made 0 profit from "investing" in crypto currency, maybe I'm not doing it right , or got in at the wrong time , which was pretty late, but congratulations to everyone that was hip to it before 2021.
Apr-09-2022 23:17
Sykonee
Supreme EMCritic
Registered: Dec 2004
Location: Vancouver, Canada
Not coincidentally, both vids go into just how fucked-up the 'play to earn' mechanics of NFT games are with that Axie game. Then lo', just a couple weeks after Munecat dropped her vid...
But Web3 is going just great. For real.
___________________
Everyone has an opinion. Mine just happens to be a little more informed than most. Electronic Music Critic: Near-Daily Ruminations Of Music I Own, In Alphabetical Order!
