Came here to learn more about crypto so I can more effectively advocate for its abolition before it ruins everybody here and the rest of us along with it

Reporter at Drop Site News, co-host at Breaking Points/Counter Points

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Help me out: crypto is supposed to be a hedge against a volatile world but it seems more volatile than anything else and if there’s anything predictable, it moves with the nasdaq. What am I missing?

the "hedge against a volatile world / hedge against inflation" narrative is not accurate or helpful, it was invented by bitcoiners who abandoned the mission of P2P electronic cash in favor of "digital gold"

The real selling point here is having a value transfer system that is fully transparent and programmable with apps and new financial primitives

Same way the internet is an open protocol that allowed thousands of valuable websites and apps to be built on top of it, Ethereum and other blockchains allow near limitless possibilities of creative apps to be built that use money in new ways that are also transparent in how they work

That's also the value of Farcaster - open and permissionless protocol that is allowing apps to be built on top of an open social graph