@tbusath@krytokrypt@champtgram I was actually talking about how you described βtaking profitsβ as βtaking other peoples moneyβ. What do you expect people to do? Ride everything to zero?
@tbusath@krytokrypt@champtgram Thatβs why we do research, to stay away from the vast majority that are worthless. Imo, there are < 20 projects worth investing in at this point.
@tbusath@krytokrypt@champtgram Thatβs why the useless jpegs are worth 0, only things that offer utility will make it out of the bear. Also, terrible logic considering the person on the other side of the transaction consciously made the decision to move the money out of their wallet into yours.
State of Tech
Crypto: "2.5% transaction fees are outrageous. Let's launch 10 competitors this year to drive this to zero"
Web2: "We think a 47.5% transaction fee on digital objects is pretty competitive to be honest"
Government: "How can we protect consumers from crypto?"