where are all the smart people going?

[MysteriousWeeb420]

to web3, blockchain and crypto

you think the gigabrains are coming out of elite universities and wanting to work for FAGMAN or large banks? fuck no. they are going straight to the intersection of cutting edge mathematics, computer science and economics. it has 100x the drawing power of goldman sachs or facebook. and right now probably the largest concentration of geniuses outside of pure math and the physical sciences 

cage at people who cannot see this

[Altruist]

I'm repeating myself here, but the problem with crypto is that it’s based on a set of principles and values (around being your own bank, not trusting government, banks etc) that only a small minority of people share, but who also share a delusion that everyone in the world would adopt the same set of values if they just got some “education” about why crypto is so great.

The consequence is that crypto is designed to solve a set of problems that the majority aren’t really concerned about (banks and governments can’t be trusted not to debase and censor money, etc) in a way that introduces other issues (fraud, lack of protection, instability etc) that are a much bigger deal for the majority.

The human race evolved to favour hierarchical societies with leaders and trusted institutions, as that enabled us to upgrade from hunter/gatherer communities to the civilisations that exist today. It’s literally hardwired into our brains. When it comes to money, most people want to trust a bank or some other large organisation to take responsibility, and they want to trust their government to provide protection. I completely understood that those are values that this community does not share and actively opposes, but by the same token this community needs to understand that the values they have are not those that the majority share and cannot change simply by parroting “read the whitepaper”, “educate yourself” or whatever. The only thing that will change peoples values is something that directly affects them, like a complete global economic collapse (one much worse than any in history) that totally wipes out trust in institutions.

[Altruist]

from r/CryptoCurrency

Things I tried:
- turned it off and on again
...

what a bunch of delirious fucking retards

virtually 100% of people shilling for this bizarre scam (for a reason obvious to everyone with legal capacity; hint: it's got nothing to do with "evil bankers", lmfao) will end this decade poorer than they'd be if they spent it working as cashiers or bouncers, lmao

Spoiler

/thread

[Altruist]

also, jfl at op being an obedient government/system-worshiping cuck regarding every other issue he's ever discussed, but trying to convince others he has a problem with institutions and doesn't believe them when it comes to, conveniently, his assessment of his chances of becoming rich over night

textbook definition of a brainwashed useful idiot for politicians

[MysteriousWeeb420]

I'm repeating myself here, but the problem with crypto is that it’s based on a set of principles and values (around being your own bank, not trusting government, banks etc) that only a small minority of people share, but who also share a delusion that everyone in the world would adopt the same set of values if they just got some “education” about why crypto is so great.

The consequence is that crypto is designed to solve a set of problems that the majority aren’t really concerned about (banks and governments can’t be trusted not to debase and censor money, etc) in a way that introduces other issues (fraud, lack of protection, instability etc) that are a much bigger deal for the majority.

The human race evolved to favour hierarchical societies with leaders and trusted institutions, as that enabled us to upgrade from hunter/gatherer communities to the civilisations that exist today. It’s literally hardwired into our brains. When it comes to money, most people want to trust a bank or some other large organisation to take responsibility, and they want to trust their government to provide protection. I completely understood that those are values that this community does not share and actively opposes, but by the same token this community needs to understand that the values they have are not those that the majority share and cannot change simply by parroting “read the whitepaper”, “educate yourself” or whatever. The only thing that will change peoples values is something that directly affects them, like a complete global economic collapse (one much worse than any in history) that totally wipes out trust in institutions.

not all of the cryptospace is libtardian. although I will give you they are the loudest bunch, so it's easy to fool youself into thinking these views are a central tenet of the technology

in reality there is a lot of work being done alongside large institutions to create regulatory compliant tech that will benefit society. policymakers see the potential and are taking their time to draft regulation because they don't want to accidentally kill the space and stifle innovation. world governments are creating CBDCs which will coexist with crypto (crypto will never replace fiat currency)

the simple truth is that decentralised or semi-decentralised systems are fundamentally superior because a) they are more robust. server issues in a centralised system? entire network goes down and all services grind to a halt. same issue in a decentralised system, likely no one will even notice. b) they are more efficient. you don't rely on intermediaries filling out paperwork when everything is recorded automatically on an immutable public ledger. 

and removing the element of trust is a good thing too. obviously we're not talking the governmnet is trying to muder us with vaccines and put us in cages kinda skepticism. but in small systems, giving one party absolute power often result in abuse and corruption that has significant costs to society. these are things the government already wants to fix! 

I see it playing out exactly like the internet. at first it is relatively obscure and full of libtardians who distrust the government and use it for illegal purposes. it seems like a thorn in the government's side. but quickly the government realises it is a tool with huge potential for benefitting mankind and embraces it for their own ends

[str8cel]

definitely not to the avax ecosystem

[MysteriousWeeb420]

definitely not to the avax ecosystem

keep coping

[brocode]

OP you're not wrong but I think you're also underestimating how the amount of people getting hired to Old School Investment banks or Product-based companies.

The thing is these new startups based on Web3, or Crypto have limited money (albeit large), and they can only hire so much of the talent with the monetary resources they have.

And most people also go work in Large Banks or FAANG-like silicion valley tech companies because there they are given much more freedom for innovation and self-projects and are not "monitored" heavily on their billable hours per se.

[AntonioJuraz]

smart people like the ideas behind it such as decentralization and everything being open, checked and verified.

[Machink]

Through which avenues are the top grads going into crypto? As someone above me said, the salaries offered likely aren’t that high atm. Bb IB and faang are still the most attractive routes for most target school grads I’d guess, but quant heavy niches have always been ultra lucrative. Jane street, probably some quant funds like de Shaw, then there’s medallion from back in the day.

[prince of shitskins]

what my pet said

also complete and utter adoption of crypto across the economical space would literally only benefit a tiny percentage of people clinging onto shitcoins. yeah, crypto makes perfect logical sense in your mind -- but look at it from the govts perspective

there's a time and place for crypto -- and that's shady underground shit that nobody involved wants to it to go on record anywhere

crypto is worth A LOT. it's a godsend for criminals. it's not a bad investment, because crime is always going to persevere 

but seriously, get real

[MysteriousWeeb420]

Through which avenues are the top grads going into crypto? As someone above me said, the salaries offered likely aren’t that high atm. Bb IB and faang are still the most attractive routes for most target school grads I’d guess, but quant heavy niches have always been ultra lucrative. Jane street, probably some quant funds like de Shaw, then there’s medallion from back in the day.

Because it's the most intellectually interesting.

[MysteriousWeeb420]

Through which avenues are the top grads going into crypto? As someone above me said, the salaries offered likely aren’t that high atm. Bb IB and faang are still the most attractive routes for most target school grads I’d guess, but quant heavy niches have always been ultra lucrative. Jane street, probably some quant funds like de Shaw, then there’s medallion from back in the day.

Because it's the most intellectually interesting.

[brocode]

bump



most legit thread in the history of bookism,

the elite of the elite are going to exactly web3 and blockchain

pack it up if u arent preparing urself

[lonelyjak]

bump



most legit thread in the history of bookism,

the elite of the elite are going to exactly web3 and blockchain

pack it up if u arent preparing urself

is this true? why?