The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations

Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.

Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.

  • Hoyt [he/him]@hexbear.net
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    1 year ago

    Just to entertain the idea for a second that some shitcoin will actually level the global market. Let’s ignore the fact that there are plenty of ways to re-annonymize coins and all the other problems with it.

    What would compel any holder of large capital to use it? What is the fulcrum of power that will stop these entities from using fiat currencies? If the global system right now benefits them so much (it does) why would they give it up and use something that doesn’t?

      • Hoyt [he/him]@hexbear.net
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        1 year ago

        This is fanfiction. There’s no analysis of power, no analysis of capital, no understanding of the overwhelming problems with any blockchain technology.

        And worse it’s boring. If you’re going to be a leftist crank about some weird thing, do aliens or something

      • BigHaas [he/him]@hexbear.net
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        1 year ago

        The periphery will simply align themselves with the existing Chinese pole of influence, why the need for a block chain? Surely a totally new economic technology would take decades to legislate, specify, code, verify, and implement? There’s no way it happens as a reaction to something, it would be like a space race level of effort