#cryptobros — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #cryptobros, aggregated by home.social.
-
@TantsCaps Després dels #cryptobros arriben els butabros... :ablobcatwobfast:
-
@caohuak @silverpill Well, to be honest, that crypto stuff doesn't have its bad rep entirely undeservedly. It appears to be used as a cash grab or for get-rick-quick schemes more often than not.
The massive gambling with the big cryptocurrencies Bitcoin and Ethereum that causes both to be highly volatile.
Gigantic Ethereum mining farms with countless high-end graphics cards that eat up more electricity than a bigger town, often even fossil or nuclear energy because there simply isn't enough renewable energy available where they're located.
NFT hypes. Masses of NFTs that were procedurally generated and sold for insane amounts of money. See Bored Apes. They've made a few people very rich with next to zero effort. Others have lost a lot of money because these NFTs are literally absolutely worthless today.
And this is a field that I'm pretty familiar with: The Metaverse. Mind you, I'm not talking about Facebook, Instagram, WhatsApp and Threads. That isn't the Metaverse. I'm not talking about "the Metaverse" a.k.a. "the Meta Metaverse" a.k.a. "the Facebook Metaverse" a.k.a. "Zuckerberg's Metaverse" either which, by the way, is actually named Horizon.
No, I'm talking about cryptobros jumping upon the Metaverse bandwagon, hoping to squeeze some money out of it.
The blueprint of this all has to be a virtual world named Decentraland which was opened in February, 2020, just in time for the COVID-19 pandemic that caused real-life social interaction to grind to a complete halt and made virtual worlds the more popular.
In fact, it was a crypto platform before it became a virtual world. In 2017 already, its own cryptocurrency MANA, which is on the Ethereum blockchain, was first traded to raise money to get the world itself started. And even as a virtual world, it's a crypto platform because Decentraland is pretty much all about minting and selling NFTs.
Part of its concept is that deeds to parcels of land are minted as NFTs and then sold. And these parcels aren't even that big. Better yet, they were sold before they even existed as actual virtual land. Basically, Decentraland sold deeds to something that they yet had to make. But they got enough customers to bite, including big fashion brands, but also real-estate companies that scooped up land to sell it with a big profit.
Users, especially right-wing extremists, created avatars with slurs for names just to mint them as NFTs and sell them for a fortune. Nothing was done against it. I mean, the more NFTs were sold for MANA, the more MANA was traded, the more volatile it became, the higher profits one could make by trading it.
Decentraland advertises itself as "the first decentralised Metaverse". This is nonsense. Yes, it's "decentralised" in the sense that MANA is not running on the Bitcoin blockchain. Yes, it's also "decentralised" in the sense of being governed by a DAO.
But the virtual world system itself is a centralised, monolithic silo owned and operated by one and the same entity. The actual "first decentralised Metaverse" is made up of the worlds based on OpenSimulator from as early as 2007. This, by the way, is where I regularly am.
It's every bit as decentralised as any Fediverse software out there. As in, you can have an avatar in one world and teleport to another world, on another server, under another domain, owned and operated by other people, appearance, inventory and all. As in, the five developers, including only one actual coder, don't own anything beyond their own patches of land.
Another aspect that makes blatantly clear just how Decentraland is a crypto cash grab more than anything else: The actual world itself is buggy as hell. And precious little is done to fix these bugs. In fact, they don't even seem to matter because Decentraland is not about spending time in-world, which is why it's rather deserted and empty, but about minting, selling and buying NFTs.
As COVID brought with itself a virtual world boom from which even Second Life could profit, crypto-based virtual world started spreading. For example, The Sandbox had already been bought out, and it came back in March as a crypto-based world.
Hundreds of virtual worlds were at least announced in the early 2020s, all copying Decentraland's concept of minting deeds to virtual land as NFTs, backed by nothing more than an announcement and a promise, before even getting started with the actual virtual world. The latter was to be quickly and cheaply cobbled together using some 3-D game engine like Unity or Unreal Engine, neither of which is really fit for virtual worlds in which users can build stuff.
The best outcome was an actual virtual world which was barely in a functional state. It only existed for there to be something backing the NFTs. Oftentimes, the financial assets behind the world were kept in cryptocurrencies, hoping that they rise in value which would create more financial assets out of nothing. But when the cryptocurrency crashed, it became impossible to pay for the operation of the world or whatever employees it had. Crypto crashes kept killing crypto-based worlds left and right. It didn't help that most crypto-based virtual worlds used existing cryptocurrencies like Dogecoin.
In many other cases, however, there never was an actual virtual world to begin with. They never got it running. So their customers were sitting their with their expensive NFT land deeds and waiting for the actual land to be made. The longer it took for an announced virtual world to materialise, the harder it got to sell more NFT land deeds because the more unlikely it became that the actual land would ever exist. If plummeting land sales didn't put an end to the endeavour, the next crypto crash did.
I think there were even scammers among these cryptobros. They, too, announced a hot new crypto-based virtual world. They, too, started selling land deeds as NFTs. But they never had the intention to actually create and launch a virtual world. They sold shit-tons of NFTs for shit-tons of crypto money. Then they waited for the cryptocurrency to soar. If they were smart, they traded it all for millions in fiat money and made away with it to someplace offshore. If they weren't, if they wanted to keep on gambling, they, too, lost almost everything in a crypto crash.
Lastly: Around 2021/2022, many cryptobros staunchly insisted in virtual worlds absolutely requiring a blockchain, a cryptocurrency and NFTs for everything. According to them, it's technologically absolutely impossible to build virtual worlds without even only one of these. This was to keep people from getting interested (and invested) in non-crypto virtual worlds.
As a matter of fact, however, there are lots of virtual worlds that don't use a blockchain, that don't have a cryptocurrency, that don't have NFTs for anything. Second Life doesn't, and it never has since its launch in 2002. And Second Life still generates more revenue per user and month than Facebook, legally even.
OpenSim doesn't anywhere. Sansar didn't. High Fidelity didn't. Vircadia doesn't. Overte doesn't. Roblox doesn't. VRChat doesn't. Rec Room didn't. (Formerly Mozilla) Hubs doesn't. Horizon doesn't. Just to name a few. Some of these don't have any in-world payment system at all.
All these blatant lies, the total neglect of the actual virtual worlds and their misuse as a money printer don't really make me trust in crypto. Neither do the rampant gambling and the volatility.
Oh, and don't get me started about land prices in Decentraland vs Second Life vs OpenSim.
#Long #LongPost #CWLong #CWLongPost #FediMeta #FediverseMeta #CWFediMeta #CWFediverseMeta #VirtualWorlds #Metaverse #TheMetaverse #Decentraland #TheSandbox #Blockchain #Crypto #Cryptocurrency #Cryptocurrencies #NFT #NFTs #Cryptobros #Cryptomining #CryptoScam #CryptoCrash #NFTCrash -
@caohuak @silverpill Well, to be honest, that crypto stuff doesn't have its bad rep entirely undeservedly. It appears to be used as a cash grab or for get-rick-quick schemes more often than not.
The massive gambling with the big cryptocurrencies Bitcoin and Ethereum that causes both to be highly volatile.
Gigantic Ethereum mining farms with countless high-end graphics cards that eat up more electricity than a bigger town, often even fossil or nuclear energy because there simply isn't enough renewable energy available where they're located.
NFT hypes. Masses of NFTs that were procedurally generated and sold for insane amounts of money. See Bored Apes. They've made a few people very rich with next to zero effort. Others have lost a lot of money because these NFTs are literally absolutely worthless today.
And this is a field that I'm pretty familiar with: The Metaverse. Mind you, I'm not talking about Facebook, Instagram, WhatsApp and Threads. That isn't the Metaverse. I'm not talking about "the Metaverse" a.k.a. "the Meta Metaverse" a.k.a. "the Facebook Metaverse" a.k.a. "Zuckerberg's Metaverse" either which, by the way, is actually named Horizon.
No, I'm talking about cryptobros jumping upon the Metaverse bandwagon, hoping to squeeze some money out of it.
The blueprint of this all has to be a virtual world named Decentraland which was opened in February, 2020, just in time for the COVID-19 pandemic that caused real-life social interaction to grind to a complete halt and made virtual worlds the more popular.
In fact, it was a crypto platform before it became a virtual world. In 2017 already, its own cryptocurrency MANA, which is on the Ethereum blockchain, was first traded to raise money to get the world itself started. And even as a virtual world, it's a crypto platform because Decentraland is pretty much all about minting and selling NFTs.
Part of its concept is that deeds to parcels of land are minted as NFTs and then sold. And these parcels aren't even that big. Better yet, they were sold before they even existed as actual virtual land. Basically, Decentraland sold deeds to something that they yet had to make. But they got enough customers to bite, including big fashion brands, but also real-estate companies that scooped up land to sell it with a big profit.
Users, especially right-wing extremists, created avatars with slurs for names just to mint them as NFTs and sell them for a fortune. Nothing was done against it. I mean, the more NFTs were sold for MANA, the more MANA was traded, the more volatile it became, the higher profits one could make by trading it.
Decentraland advertises itself as "the first decentralised Metaverse". This is nonsense. Yes, it's "decentralised" in the sense that MANA is not running on the Bitcoin blockchain. Yes, it's also "decentralised" in the sense of being governed by a DAO.
But the virtual world system itself is a centralised, monolithic silo owned and operated by one and the same entity. The actual "first decentralised Metaverse" is made up of the worlds based on OpenSimulator from as early as 2007. This, by the way, is where I regularly am.
It's every bit as decentralised as any Fediverse software out there. As in, you can have an avatar in one world and teleport to another world, on another server, under another domain, owned and operated by other people, appearance, inventory and all. As in, the five developers, including only one actual coder, don't own anything beyond their own patches of land.
Another aspect that makes blatantly clear just how Decentraland is a crypto cash grab more than anything else: The actual world itself is buggy as hell. And precious little is done to fix these bugs. In fact, they don't even seem to matter because Decentraland is not about spending time in-world, which is why it's rather deserted and empty, but about minting, selling and buying NFTs.
As COVID brought with itself a virtual world boom from which even Second Life could profit, crypto-based virtual world started spreading. For example, The Sandbox had already been bought out, and it came back in March as a crypto-based world.
Hundreds of virtual worlds were at least announced in the early 2020s, all copying Decentraland's concept of minting deeds to virtual land as NFTs, backed by nothing more than an announcement and a promise, before even getting started with the actual virtual world. The latter was to be quickly and cheaply cobbled together using some 3-D game engine like Unity or Unreal Engine, neither of which is really fit for virtual worlds in which users can build stuff.
The best outcome was an actual virtual world which was barely in a functional state. It only existed for there to be something backing the NFTs. Oftentimes, the financial assets behind the world were kept in cryptocurrencies, hoping that they rise in value which would create more financial assets out of nothing. But when the cryptocurrency crashed, it became impossible to pay for the operation of the world or whatever employees it had. Crypto crashes kept killing crypto-based worlds left and right. It didn't help that most crypto-based virtual worlds used existing cryptocurrencies like Dogecoin.
In many other cases, however, there never was an actual virtual world to begin with. They never got it running. So their customers were sitting their with their expensive NFT land deeds and waiting for the actual land to be made. The longer it took for an announced virtual world to materialise, the harder it got to sell more NFT land deeds because the more unlikely it became that the actual land would ever exist. If plummeting land sales didn't put an end to the endeavour, the next crypto crash did.
I think there were even scammers among these cryptobros. They, too, announced a hot new crypto-based virtual world. They, too, started selling land deeds as NFTs. But they never had the intention to actually create and launch a virtual world. They sold shit-tons of NFTs for shit-tons of crypto money. Then they waited for the cryptocurrency to soar. If they were smart, they traded it all for millions in fiat money and made away with it to someplace offshore. If they weren't, if they wanted to keep on gambling, they, too, lost almost everything in a crypto crash.
Lastly: Around 2021/2022, many cryptobros staunchly insisted in virtual worlds absolutely requiring a blockchain, a cryptocurrency and NFTs for everything. According to them, it's technologically absolutely impossible to build virtual worlds without even only one of these. This was to keep people from getting interested (and invested) in non-crypto virtual worlds.
As a matter of fact, however, there are lots of virtual worlds that don't use a blockchain, that don't have a cryptocurrency, that don't have NFTs for anything. Second Life doesn't, and it never has since its launch in 2002. And Second Life still generates more revenue per user and month than Facebook, legally even.
OpenSim doesn't anywhere. Sansar didn't. High Fidelity didn't. Vircadia doesn't. Overte doesn't. Roblox doesn't. VRChat doesn't. Rec Room didn't. (Formerly Mozilla) Hubs doesn't. Horizon doesn't. Just to name a few. Some of these don't have any in-world payment system at all.
All these blatant lies, the total neglect of the actual virtual worlds and their misuse as a money printer don't really make me trust in crypto. Neither do the rampant gambling and the volatility.
Oh, and don't get me started about land prices in Decentraland vs Second Life vs OpenSim.
#Long #LongPost #CWLong #CWLongPost #FediMeta #FediverseMeta #CWFediMeta #CWFediverseMeta #VirtualWorlds #Metaverse #TheMetaverse #Decentraland #TheSandbox #Blockchain #Crypto #Cryptocurrency #Cryptocurrencies #NFT #NFTs #Cryptobros #Cryptomining #CryptoScam #CryptoCrash #NFTCrash -
@caohuak @silverpill Well, to be honest, that crypto stuff doesn't have its bad rep entirely undeservedly. It appears to be used as a cash grab or for get-rick-quick schemes more often than not.
The massive gambling with the big cryptocurrencies Bitcoin and Ethereum that causes both to be highly volatile.
Gigantic Ethereum mining farms with countless high-end graphics cards that eat up more electricity than a bigger town, often even fossil or nuclear energy because there simply isn't enough renewable energy available where they're located.
NFT hypes. Masses of NFTs that were procedurally generated and sold for insane amounts of money. See Bored Apes. They've made a few people very rich with next to zero effort. Others have lost a lot of money because these NFTs are literally absolutely worthless today.
And this is a field that I'm pretty familiar with: The Metaverse. Mind you, I'm not talking about Facebook, Instagram, WhatsApp and Threads. That isn't the Metaverse. I'm not talking about "the Metaverse" a.k.a. "the Meta Metaverse" a.k.a. "the Facebook Metaverse" a.k.a. "Zuckerberg's Metaverse" either which, by the way, is actually named Horizon.
No, I'm talking about cryptobros jumping upon the Metaverse bandwagon, hoping to squeeze some money out of it.
The blueprint of this all has to be a virtual world named Decentraland which was opened in February, 2020, just in time for the COVID-19 pandemic that caused real-life social interaction to grind to a complete halt and made virtual worlds the more popular.
In fact, it was a crypto platform before it became a virtual world. In 2017 already, its own cryptocurrency MANA, which is on the Ethereum blockchain, was first traded to raise money to get the world itself started. And even as a virtual world, it's a crypto platform because Decentraland is pretty much all about minting and selling NFTs.
Part of its concept is that deeds to parcels of land are minted as NFTs and then sold. And these parcels aren't even that big. Better yet, they were sold before they even existed as actual virtual land. Basically, Decentraland sold deeds to something that they yet had to make. But they got enough customers to bite, including big fashion brands, but also real-estate companies that scooped up land to sell it with a big profit.
Users, especially right-wing extremists, created avatars with slurs for names just to mint them as NFTs and sell them for a fortune. Nothing was done against it. I mean, the more NFTs were sold for MANA, the more MANA was traded, the more volatile it became, the higher profits one could make by trading it.
Decentraland advertises itself as "the first decentralised Metaverse". This is nonsense. Yes, it's "decentralised" in the sense that MANA is not running on the Bitcoin blockchain. Yes, it's also "decentralised" in the sense of being governed by a DAO.
But the virtual world system itself is a centralised, monolithic silo owned and operated by one and the same entity. The actual "first decentralised Metaverse" is made up of the worlds based on OpenSimulator from as early as 2007. This, by the way, is where I regularly am.
It's every bit as decentralised as any Fediverse software out there. As in, you can have an avatar in one world and teleport to another world, on another server, under another domain, owned and operated by other people, appearance, inventory and all. As in, the five developers, including only one actual coder, don't own anything beyond their own patches of land.
Another aspect that makes blatantly clear just how Decentraland is a crypto cash grab more than anything else: The actual world itself is buggy as hell. And precious little is done to fix these bugs. In fact, they don't even seem to matter because Decentraland is not about spending time in-world, which is why it's rather deserted and empty, but about minting, selling and buying NFTs.
As COVID brought with itself a virtual world boom from which even Second Life could profit, crypto-based virtual world started spreading. For example, The Sandbox had already been bought out, and it came back in March as a crypto-based world.
Hundreds of virtual worlds were at least announced in the early 2020s, all copying Decentraland's concept of minting deeds to virtual land as NFTs, backed by nothing more than an announcement and a promise, before even getting started with the actual virtual world. The latter was to be quickly and cheaply cobbled together using some 3-D game engine like Unity or Unreal Engine, neither of which is really fit for virtual worlds in which users can build stuff.
The best outcome was an actual virtual world which was barely in a functional state. It only existed for there to be something backing the NFTs. Oftentimes, the financial assets behind the world were kept in cryptocurrencies, hoping that they rise in value which would create more financial assets out of nothing. But when the cryptocurrency crashed, it became impossible to pay for the operation of the world or whatever employees it had. Crypto crashes kept killing crypto-based worlds left and right. It didn't help that most crypto-based virtual worlds used existing cryptocurrencies like Dogecoin.
In many other cases, however, there never was an actual virtual world to begin with. They never got it running. So their customers were sitting their with their expensive NFT land deeds and waiting for the actual land to be made. The longer it took for an announced virtual world to materialise, the harder it got to sell more NFT land deeds because the more unlikely it became that the actual land would ever exist. If plummeting land sales didn't put an end to the endeavour, the next crypto crash did.
I think there were even scammers among these cryptobros. They, too, announced a hot new crypto-based virtual world. They, too, started selling land deeds as NFTs. But they never had the intention to actually create and launch a virtual world. They sold shit-tons of NFTs for shit-tons of crypto money. Then they waited for the cryptocurrency to soar. If they were smart, they traded it all for millions in fiat money and made away with it to someplace offshore. If they weren't, if they wanted to keep on gambling, they, too, lost almost everything in a crypto crash.
Lastly: Around 2021/2022, many cryptobros staunchly insisted in virtual worlds absolutely requiring a blockchain, a cryptocurrency and NFTs for everything. According to them, it's technologically absolutely impossible to build virtual worlds without even only one of these. This was to keep people from getting interested (and invested) in non-crypto virtual worlds.
As a matter of fact, however, there are lots of virtual worlds that don't use a blockchain, that don't have a cryptocurrency, that don't have NFTs for anything. Second Life doesn't, and it never has since its launch in 2002. And Second Life still generates more revenue per user and month than Facebook, legally even.
OpenSim doesn't anywhere. Sansar didn't. High Fidelity didn't. Vircadia doesn't. Overte doesn't. Roblox doesn't. VRChat doesn't. Rec Room didn't. (Formerly Mozilla) Hubs doesn't. Horizon doesn't. Just to name a few. Some of these don't have any in-world payment system at all.
All these blatant lies, the total neglect of the actual virtual worlds and their misuse as a money printer don't really make me trust in crypto. Neither do the rampant gambling and the volatility.
Oh, and don't get me started about land prices in Decentraland vs Second Life vs OpenSim.
#Long #LongPost #CWLong #CWLongPost #FediMeta #FediverseMeta #CWFediMeta #CWFediverseMeta #VirtualWorlds #Metaverse #TheMetaverse #Decentraland #TheSandbox #Blockchain #Crypto #Cryptocurrency #Cryptocurrencies #NFT #NFTs #Cryptobros #Cryptomining #CryptoScam #CryptoCrash #NFTCrash -
@caohuak @silverpill Well, to be honest, that crypto stuff doesn't have its bad rep entirely undeservedly. It appears to be used as a cash grab or for get-rick-quick schemes more often than not.
The massive gambling with the big cryptocurrencies Bitcoin and Ethereum that causes both to be highly volatile.
Gigantic Ethereum mining farms with countless high-end graphics cards that eat up more electricity than a bigger town, often even fossil or nuclear energy because there simply isn't enough renewable energy available where they're located.
NFT hypes. Masses of NFTs that were procedurally generated and sold for insane amounts of money. See Bored Apes. They've made a few people very rich with next to zero effort. Others have lost a lot of money because these NFTs are literally absolutely worthless today.
And this is a field that I'm pretty familiar with: The Metaverse. Mind you, I'm not talking about Facebook, Instagram, WhatsApp and Threads. That isn't the Metaverse. I'm not talking about "the Metaverse" a.k.a. "the Meta Metaverse" a.k.a. "the Facebook Metaverse" a.k.a. "Zuckerberg's Metaverse" either which, by the way, is actually named Horizon.
No, I'm talking about cryptobros jumping upon the Metaverse bandwagon, hoping to squeeze some money out of it.
The blueprint of this all has to be a virtual world named Decentraland which was opened in February, 2020, just in time for the COVID-19 pandemic that caused real-life social interaction to grind to a complete halt and made virtual worlds the more popular.
In fact, it was a crypto platform before it became a virtual world. In 2017 already, its own cryptocurrency MANA, which is on the Ethereum blockchain, was first traded to raise money to get the world itself started. And even as a virtual world, it's a crypto platform because Decentraland is pretty much all about minting and selling NFTs.
Part of its concept is that deeds to parcels of land are minted as NFTs and then sold. And these parcels aren't even that big. Better yet, they were sold before they even existed as actual virtual land. Basically, Decentraland sold deeds to something that they yet had to make. But they got enough customers to bite, including big fashion brands, but also real-estate companies that scooped up land to sell it with a big profit.
Users, especially right-wing extremists, created avatars with slurs for names just to mint them as NFTs and sell them for a fortune. Nothing was done against it. I mean, the more NFTs were sold for MANA, the more MANA was traded, the more volatile it became, the higher profits one could make by trading it.
Decentraland advertises itself as "the first decentralised Metaverse". This is nonsense. Yes, it's "decentralised" in the sense that MANA is not running on the Bitcoin blockchain. Yes, it's also "decentralised" in the sense of being governed by a DAO.
But the virtual world system itself is a centralised, monolithic silo owned and operated by one and the same entity. The actual "first decentralised Metaverse" is made up of the worlds based on OpenSimulator from as early as 2007. This, by the way, is where I regularly am.
It's every bit as decentralised as any Fediverse software out there. As in, you can have an avatar in one world and teleport to another world, on another server, under another domain, owned and operated by other people, appearance, inventory and all. As in, the five developers, including only one actual coder, don't own anything beyond their own patches of land.
Another aspect that makes blatantly clear just how Decentraland is a crypto cash grab more than anything else: The actual world itself is buggy as hell. And precious little is done to fix these bugs. In fact, they don't even seem to matter because Decentraland is not about spending time in-world, which is why it's rather deserted and empty, but about minting, selling and buying NFTs.
As COVID brought with itself a virtual world boom from which even Second Life could profit, crypto-based virtual world started spreading. For example, The Sandbox had already been bought out, and it came back in March as a crypto-based world.
Hundreds of virtual worlds were at least announced in the early 2020s, all copying Decentraland's concept of minting deeds to virtual land as NFTs, backed by nothing more than an announcement and a promise, before even getting started with the actual virtual world. The latter was to be quickly and cheaply cobbled together using some 3-D game engine like Unity or Unreal Engine, neither of which is really fit for virtual worlds in which users can build stuff.
The best outcome was an actual virtual world which was barely in a functional state. It only existed for there to be something backing the NFTs. Oftentimes, the financial assets behind the world were kept in cryptocurrencies, hoping that they rise in value which would create more financial assets out of nothing. But when the cryptocurrency crashed, it became impossible to pay for the operation of the world or whatever employees it had. Crypto crashes kept killing crypto-based worlds left and right. It didn't help that most crypto-based virtual worlds used existing cryptocurrencies like Dogecoin.
In many other cases, however, there never was an actual virtual world to begin with. They never got it running. So their customers were sitting their with their expensive NFT land deeds and waiting for the actual land to be made. The longer it took for an announced virtual world to materialise, the harder it got to sell more NFT land deeds because the more unlikely it became that the actual land would ever exist. If plummeting land sales didn't put an end to the endeavour, the next crypto crash did.
I think there were even scammers among these cryptobros. They, too, announced a hot new crypto-based virtual world. They, too, started selling land deeds as NFTs. But they never had the intention to actually create and launch a virtual world. They sold shit-tons of NFTs for shit-tons of crypto money. Then they waited for the cryptocurrency to soar. If they were smart, they traded it all for millions in fiat money and made away with it to someplace offshore. If they weren't, if they wanted to keep on gambling, they, too, lost almost everything in a crypto crash.
Lastly: Around 2021/2022, many cryptobros staunchly insisted in virtual worlds absolutely requiring a blockchain, a cryptocurrency and NFTs for everything. According to them, it's technologically absolutely impossible to build virtual worlds without even only one of these. This was to keep people from getting interested (and invested) in non-crypto virtual worlds.
As a matter of fact, however, there are lots of virtual worlds that don't use a blockchain, that don't have a cryptocurrency, that don't have NFTs for anything. Second Life doesn't, and it never has since its launch in 2002. And Second Life still generates more revenue per user and month than Facebook, legally even.
OpenSim doesn't anywhere. Sansar didn't. High Fidelity didn't. Vircadia doesn't. Overte doesn't. Roblox doesn't. VRChat doesn't. Rec Room didn't. (Formerly Mozilla) Hubs doesn't. Horizon doesn't. Just to name a few. Some of these don't have any in-world payment system at all.
All these blatant lies, the total neglect of the actual virtual worlds and their misuse as a money printer don't really make me trust in crypto. Neither do the rampant gambling and the volatility.
Oh, and don't get me started about land prices in Decentraland vs Second Life vs OpenSim.
#Long #LongPost #CWLong #CWLongPost #FediMeta #FediverseMeta #CWFediMeta #CWFediverseMeta #VirtualWorlds #Metaverse #TheMetaverse #Decentraland #TheSandbox #Blockchain #Crypto #Cryptocurrency #Cryptocurrencies #NFT #NFTs #Cryptobros #Cryptomining #CryptoScam #CryptoCrash #NFTCrash -
In a moment that the #crypto industry will hear loud & clear, #Republican Senator Cynthia Lummis of Wyoming asked #KevinWarsh whether he thought that crypto assets should be part of the #financial system so that “consumers” can benefit from more investment options & consumer protections. “Digital assets are already part of the fabric of our financial industry, so yes,” Warsh responded.
#Trump #CryptoBros #scammers #FederalReserve #economy #banking #kleptocracy #Senate #USpol
-
It didn't take very long...
Special thanks to @mactunag for giving me a heads-up about Bluesky's message on X from November 2025
Sources:
1: https://x.com/bluesky/status/19915137315416477332: https://bsky.app/profile/jay.bsky.team/post/3mi5pwoncqs2g
What I find particularly egregious is that Bluesky already had a custom feed builder: #Graze was an independent project that had proved to be super popular. They had raised a million dollars just last year! They even sponsored the AtmosphereConf last week. Then Bluesky PBC steamrolled over them and announced their own project - Attie - powered by AI... at AtmosphereConf (the event where Graze was listed as a major sponsor - you can't make this up).
A developer for ATProto was horrified by this, writing:
"Why would anyone fund an Atmosphere project if Bluesky, with $100 million in the bank, might ship a competing feature at any moment? Why would a founder bet their career on this ecosystem? The presentation didn't just hurt Graze. It made the entire ecosystem look unfundable."
🔗: https://trezy.com/blog/the-marshmallow-test
I am getting A LOT of heat for pointing out shady behaviors by Bluesky PBC. Even from Fedi friends. But I think it's important to be wide-eyed and consider all this mounting evidence of problematic behavior.
-
#bluesky is going the way of #twitter
with new leadership due to financial pressure, they are going to cave and ruin some aspect of it
My unfounded speculation is some #crypto tie-in shit, since it's owned and run by #cryptobros
also as @mastodonmigration noted,
it's interesting timing with the #midterms coming upEnjoy bluesky folks!
but its days are numbered
-- Ben Royce
https://www.wired.com/story/bluesky-ceo-jay-graber-is-stepping-down/ -
#bluesky is going the way of #twitter
with new leadership due to financial pressure, they are going to cave and ruin some aspect of it
my unfounded speculation is some #crypto tie-in shit, since it's owned and run by #cryptobros
also as @mastodonmigration noted, it's interesting timing with the #midterms coming up
enjoy bluesky folks!
but its days are numbered
-
it's #cryptobros
#bluesky is owned and run by crypto bros
#jaygraber herself is a #cryptobro, coming from that world:
https://en.wikipedia.org/wiki/Jay_Graber
what i always expected (and i guess i should still expect, if their financial situation is that dire and that they are now at the mercy of #vulturecapital) is some stupid #crypto tie in with bluesky
-
it's #cryptobros
#bluesky is owned and run by crypto bros
#jaygraber herself is a #cryptobro, coming from that world:
https://en.wikipedia.org/wiki/Jay_Graber
what i always expected (and i guess i should still expect, if their financial situation is that dire and that they are now at the mercy of #vulturecapital) is some stupid #crypto tie in with bluesky
-
it's #cryptobros
#bluesky is owned and run by crypto bros
#jaygraber herself is a #cryptobro, coming from that world:
https://en.wikipedia.org/wiki/Jay_Graber
what i always expected (and i guess i should still expect, if their financial situation is that dire and that they are now at the mercy of #vulturecapital) is some stupid #crypto tie in with bluesky
-
it's #cryptobros
#bluesky is owned and run by crypto bros
#jaygraber herself is a #cryptobro, coming from that world:
https://en.wikipedia.org/wiki/Jay_Graber
what i always expected (and i guess i should still expect, if their financial situation is that dire and that they are now at the mercy of #vulturecapital) is some stupid #crypto tie in with bluesky
-
The promise and the reality:
The story of the Loughton supercomputer is an insight into the dizzying ambitions for artificial intelligence as an economic powerhouse, in the UK and beyond – but also how those hopes can dissolve into a less exciting reality.
The $17.5bn investment represents a plan, by a UK company, to buy chips made in Taiwan by a US company, put them in a building in Loughton, and rent them to another US tech company.
Asked about how the site would create 750 jobs, Nscale could not say how this figure had been calculated.
Again and again, @davidgerard, Ed Zitron and others have highlighted that many of these loudly trumpeted "commitments" and "contracts" to invest billions are nothing more than hype to inflate the AI balloon. Here's another shabby example. Who's behind it? Former crypto bros, of course.
-
The promise and the reality:
The story of the Loughton supercomputer is an insight into the dizzying ambitions for artificial intelligence as an economic powerhouse, in the UK and beyond – but also how those hopes can dissolve into a less exciting reality.
The $17.5bn investment represents a plan, by a UK company, to buy chips made in Taiwan by a US company, put them in a building in Loughton, and rent them to another US tech company.
Asked about how the site would create 750 jobs, Nscale could not say how this figure had been calculated.
Again and again, @davidgerard, Ed Zitron and others have highlighted that many of these loudly trumpeted "commitments" and "contracts" to invest billions are nothing more than hype to inflate the AI balloon. Here's another shabby example. Who's behind it? Former crypto bros, of course.
-
The promise and the reality:
The story of the Loughton supercomputer is an insight into the dizzying ambitions for artificial intelligence as an economic powerhouse, in the UK and beyond – but also how those hopes can dissolve into a less exciting reality.
The $17.5bn investment represents a plan, by a UK company, to buy chips made in Taiwan by a US company, put them in a building in Loughton, and rent them to another US tech company.
Asked about how the site would create 750 jobs, Nscale could not say how this figure had been calculated.
Again and again, @davidgerard, Ed Zitron and others have highlighted that many of these loudly trumpeted "commitments" and "contracts" to invest billions are nothing more than hype to inflate the AI balloon. Here's another shabby example. Who's behind it? Former crypto bros, of course.
-
The promise and the reality:
The story of the Loughton supercomputer is an insight into the dizzying ambitions for artificial intelligence as an economic powerhouse, in the UK and beyond – but also how those hopes can dissolve into a less exciting reality.
The $17.5bn investment represents a plan, by a UK company, to buy chips made in Taiwan by a US company, put them in a building in Loughton, and rent them to another US tech company.
Asked about how the site would create 750 jobs, Nscale could not say how this figure had been calculated.
Again and again, @davidgerard, Ed Zitron and others have highlighted that many of these loudly trumpeted "commitments" and "contracts" to invest billions are nothing more than hype to inflate the AI balloon. Here's another shabby example. Who's behind it? Former crypto bros, of course.
-
The promise and the reality:
The story of the Loughton supercomputer is an insight into the dizzying ambitions for artificial intelligence as an economic powerhouse, in the UK and beyond – but also how those hopes can dissolve into a less exciting reality.
The $17.5bn investment represents a plan, by a UK company, to buy chips made in Taiwan by a US company, put them in a building in Loughton, and rent them to another US tech company.
Asked about how the site would create 750 jobs, Nscale could not say how this figure had been calculated.
Again and again, @davidgerard, Ed Zitron and others have highlighted that many of these loudly trumpeted "commitments" and "contracts" to invest billions are nothing more than hype to inflate the AI balloon. Here's another shabby example. Who's behind it? Former crypto bros, of course.
-
@lobonegro Siempre nos quedará el consuelo de que los #cryptobros ya no nos dan el coñazo con sus #manerasdevivir https://youtu.be/9j1eVvX0RjY?si=pIFnWYh2SUS6CFH2
-
@lobonegro Siempre nos quedará el consuelo de que los #cryptobros ya no nos dan el coñazo con sus #manerasdevivir https://youtu.be/9j1eVvX0RjY?si=pIFnWYh2SUS6CFH2
-
@lobonegro Siempre nos quedará el consuelo de que los #cryptobros ya no nos dan el coñazo con sus #manerasdevivir https://youtu.be/9j1eVvX0RjY?si=pIFnWYh2SUS6CFH2
-
@lobonegro Siempre nos quedará el consuelo de que los #cryptobros ya no nos dan el coñazo con sus #manerasdevivir https://youtu.be/9j1eVvX0RjY?si=pIFnWYh2SUS6CFH2
-
@lobonegro Siempre nos quedará el consuelo de que los #cryptobros ya no nos dan el coñazo con sus #manerasdevivir https://youtu.be/9j1eVvX0RjY?si=pIFnWYh2SUS6CFH2
-
#bluesky feels very #cryptocurrency
which makes sense since it's run by #crypto bros and funded by #cryptobros
the way they work is they make exciting starry eyed promises
people buy into the promises
and forget the reality
this is by design:
a true believer is immune to reality
the reality is, it's #centralized shit endlessly promising what #mastodon already offers
#decentralization is always just around the corner, just you wait!
and wait, and wait, and wait...
-
Less a 'pop up city', more a convention of Incels.
#NetworkState #Incels #TechBros #Zuzalu #NationState #NoBillionaires #VitalikButerin #CryptoBros #Montenegro
-
Trump's #pardon of #Zhao paves the way for the #crypto mogul to return to the business he helped found in 2017. He has already served his time in prison after a judge sentenced him to four months.
Zhao's #pardon is the latest in a series #Trump has doled out to executives convicted of white collar crimes.
-
#Trump #pardons convicted #Binance founder #Zhao
In a statement, White House press secretary Karoline Leavitt said Trump had "exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency."
#law #cryptobros #technocracy
https://www.reuters.com/world/us/trump-pardons-convicted-binance-founder-zhao-white-house-says-2025-10-23/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement -
Cryptobros throwing bright colored dildoes with sunglasses drawn on them onto the floor at WNBA games and claiming they're being silenced because "influencers" won't promote their crypto crap for free:
That pretty sums up where we are now, who we've chosen to be under Trump.
#Trump #Republicans #ClownShow #cryptobros #cryptoscams #crypto
/6 -
@blindcoder
Auch vernünftig.Dann sollten die sich allerdings auch direkt damit befassen.
Denn, weit gefehlt. Hier muss man ein paar Gänge höher schalten.
Das ist kein Spielchen zum Kennenlernen.
Es zeigt [sollte zeigen], wie #BigTechs, #cryptobros, #hansfranz und #gier jetzt und demnächst also einsteigen, #Finanz #Depots durch #ki oder #ai zu optimieren.
Du kannst also deinen #Bank Berater und alle daran noch anhängenden Institutionen nach Hause schicken.
-
Getting tired of all of these crypto bros trying to force everyone to use the blockchain in new and stupid ways. The very idea that we would make it a law that all men in the country need to put their penises on the blockchain isn't just unconstitutional, the very logistics are completely insane! Like bruh, you're saying a dude will have to make a transaction just to whip it out? What happens when someone inevitably injects code to steal all these penises that people have been forced to put on the blockchain under penalty of law?? No more penises because blockchain???
THE TECHBROS DON'T HAVE AN ANSWER, THEY ARE JUST PUSHING YET ANOTHER INSANE IDEA BECAUSE IT HAS BLOCKCHAIN IN IT!!
SAY NO TO BILLIONAIRE TECHBROS!!!
#Blockchain #Cockchain #TechBros #CryptoBros #Penises #KeepItInYourPants #KeepPenisesOffTheBlockchain #StopTheSteal #StopTheMindControlBallotBoxes
-
Meet Tom Emmer, a powerful crypto advocate in a crypto-wary Congress https://www.washingtonpost.com/us-policy/2022/12/08/tom-emmer-crypto-house-gop/ #lobbying #lobbyists #cryptobros #purchased
-
the betabois of cryptolandia are bag holders of a different kind:
❝ “75 percent of bitcoins code comes directly from [Epstein’s] investments,” a crypto account called Crypto Bitlord agonized in response. “We’ve basically funded an elite global pedophile ring since 2015. I feel sick.”
Crypto Bros Nauseated After Realizing Bitcoin Itself Was Funded by Jeffrey Epstein
https://futurism.com/future-society/cryptocurrency-jeffrey-epstein-bitcoin#pedophilia #cryptobros #fascism #SiliconValley #JeffreyEpstein #EpsteinFiles
-
Is the #cryptocurrency market down on any fundamentals or is it various #cryptobros finally reacting to the realization that the foundations of the entire market were built with dirty dirty pedophilia cash?
-
Look upon my garish statue, ye crypto-loons, and cringe.
"At 15 feet tall, the statue of President Trump, mounted on its 7,000-pound pedestal, is about the height of a two-story building — a giant effigy cast in bronze and finished with a thick layer of gold leaf. For more than a year, the golden statue has been at the center of one of the stranger moneymaking ventures of the Trump era."
https://archive.ph/vXVwa
#vanity #luncacy #cryptobros #memecoin -
-
Earlier this year, he pardoned the founders of #crypto exchange BitMEX in connection with similar anti-money laundering violations and the founder of electric truck company Nikola convicted of fraud. He has also commuted the sentence of the executive of now-defunct start-up Ozy Media.
-
Überraschung: #StableCoins sind gar nicht...stable! Das war ja immer der letzte Verteidigungsversuch für die Nützlichkeit von Crypto-Währungen der #CryptoBros 🤣
Panne bei Paypal-Partner: Versehentlich 300 Billionen USD in Krypto-Coins erzeugt - https://Golem.de https://www.golem.de/news/panne-bei-paypal-partner-versehentlich-300-billionen-usd-in-krypto-coins-erzeugt-2510-201222.html
-
"surprised there hasn't been more talk on here about the implications of the false promises of AT Proto's #decentralization"
there's feverish true believers who think #bitcoin is the future of money
never going to happen: massive energy use
that doesn't stop the true believer
it's a cult
same with "#bluesky is #decentralized"
and my example of bitcoin is purposeful:
bluesky is run by #cryptoBros, and funded by #crypto bros
they imported the crypto con job to #socialMedia
-
#bluesky apparently *can* be #decentralized
someday
always someday, never today
miss me with that cult noise of endless hype promise and "pay no attention to the man behind the curtain" reality
bluesky is #centralized #corporate bullshit
and someday the #cryptoBros who run it and the #crypto bros who fund it will turn it into another #twitter
in fact, it might be happening right now
fuck bluesky
-
i will call them cultists
because it is the same as dealing with #cryptoBros and their feverish devotion to promise over reality
in fact, since #bluesky is run by and funded by #crypto bros, that happenstance is not a mistake
it is the same sales speak con job in action, by the same people, for the same effect:
fuck reality, focus on the lie, and don't waver from your faith in the empty promise
a cult
-
and it's a ticking time bomb
any day now the #cryptobros who fund #bluesky will want something for their investment, and if they don't get what they want, they put an elon #musk style #techbro turd at the top to milk it for a financial return and bluesky goes the way of #twitter
you can't trust corporate #socialMedia
its failure is built in from the root
-
Y'all, this is the shit that the #CryptoBros are telling us is worth destroying the environment and overthrowing democracy for, and it DOESN'T EVEN FUCKING WORK.
-
…The push appears intended to capitalize on #Trump’s #transactional approach to #clemency. Trump favors #pardon seekers w/connections to him—either personally or through lawyers & lobbyists—& claims of *prosecutorial misconduct* [perceived persecution] that echo his own #grievances about the cases against him.
#criminal #law #felon47 #SBF #SEC #fraud #MoneyLaundering #broligarchy #cryptobros #technocracy #CryptoSummit #USpol
-
Tonight is #Nia or "Purpose" in #Kwanzaa where we "restore our people to their traditional greatness".
In the age of appropriation of our spaces between #InfoSex, #CryptoBros and thr media we like to remind everyone the original #hacker goals:
-
Tonight is #Nia or "Purpose" in #Kwanzaa where we "restore our people to their traditional greatness".
In the age of appropriation of our spaces between #InfoSex, #CryptoBros and thr media we like to remind everyone the original #hacker goals:
-
Tonight is #Nia or "Purpose" in #Kwanzaa where we "restore our people to their traditional greatness".
In the age of appropriation of our spaces between #InfoSex, #CryptoBros and thr media we like to remind everyone the original #hacker goals:
-
Tonight is #Nia or "Purpose" in #Kwanzaa where we "restore our people to their traditional greatness".
In the age of appropriation of our spaces between #InfoSex, #CryptoBros and thr media we like to remind everyone the original #hacker goals:
-
Tonight is #Nia or "Purpose" in #Kwanzaa where we "restore our people to their traditional greatness".
In the age of appropriation of our spaces between #InfoSex, #CryptoBros and thr media we like to remind everyone the original #hacker goals:
