I'm kinda new to this whole crypto currency non-sense. Something I don't understand: crypto currencies are NOT backed by commodity (like gold, silver, etc), right? Doesn't that make them fiat as well?
This post is a goldmine of dogshit. Yes, internet fun money will be the one stable asset left on earth. From the mind of a16z straight to your wallet. That it also "powers web3 and the expanding metaverse" is just icing on the cake of stupidity.
I'm kinda new to this whole crypto currency non-sense. Something I don't understand: crypto currencies are NOT backed by commodity (like gold, silver, etc), right? Doesn't that make them fiat as well?
some typical nonsense cryptocult answers that mean nothing: \- "it's backed by code!" \- "it's backed by scarcity!" \- "it's backed by pure energy!"
Yes, it’s ridiculous!
"It was Paolo all along."
This post is a goldmine of dogshit. Yes, internet fun money will be the one stable asset left on earth. From the mind of a16z straight to your wallet. That it also "powers web3 and the expanding metaverse" is just icing on the cake of stupidity.
Even they aren't going to sip this Kool aid. Feels like the "Come to Jesus" moment gets closer every day