I feel both cuddled and attacked
this post was submitted on 18 Mar 2025
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I stood in line for VHS tapes. I also know that the blockchain is slow as hell and that cryptocurrency is glorified gambling for people with too much money - and I had a friend in the early 2000s that was trying to make a Bitcoin exchange.
The Bitcoin network initially went online in 2009. Was your friend a time traveller?
Time gets wonky when you get old. You'll be surprised too when stuff that you were certain happened at a specific point in your life, that you remember it alongside so much else from that era, seems to turn out to be a chronologically misplaced memory from years later.
Can confirm, am getting older and making the timelines from my teens and early 20s make sense is getting harder and harder.
The “2000s” also has no meaning for defining a specific time period. It should mean 2001-2010, but I’ve also never heard anyone seriously refer to 2011-2020 as the “teens” and 2021-2025 as the “twenties.” Those words are already associated with decades that we still culturally reference.
We’re a quarter of a century in and I still don’t know how to precisely refer to a 21st-century decade.
Yup, I just say the numbers (2001-2010) to make sure I'm understood properly. It's dumb.
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A slightly different example of the wonky-ness of time is that 2016 was… Almost 10 years ago.
I'm not even old and this has happened so many times, I think about something random I think was only a thing after 2021 but turns out I had been using it since 2018.
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But crypto is borderline useless that consumes more electricity than the entire AI industry while enabling alot of illegal activities and money laundering. I was quite susprised when my drug money found their way into normal people's lives.
But crypto is borderline useless
As decentralized money it's great. Even central banks are making their own crypto. It's a great technology for supply chains.
that consumes more electricity than the entire AI industry
AI and cryptocurrencies consumed around 460 terawatt-hours (TWh) of electricity
Bitcoin is estimated at 155 TWh per year to 172 TWh per year
while enabling alot of illegal activities and money laundering.
Given the public and immutable nature of crypto, it's a really bad way to do anything illegal. In 2024 Illicit volume dropped to USD 45 billion, down 24% since 2023. This represents 0.4% of overall crypto transactions
As decentralized money, it's great
It's not money. It's not accepted as money anywhere that matters.
It's a market speculation vehicle built on the fucking aether, that you can currently sell easily enough in small quanties in order to get some actual currency that retailers will accept.
But it sure as fuck ain't money. It's just a bunch or techno-utopians huffing farts.
It's not accepted as money anywhere that matters.
You can buy houses and cars with crypto.
It's a market speculation vehicle built on the fucking aether
Heard of futures, options and swaps? Aren't they equally built out fucking aether.
But it sure as fuck ain't money
It is accepted as payment for goods and services and repayment of debts.
The estimated amount of money laundered globally in one year is 2 - 5% of global GDP, or $800 billion - $2 trillion in current US dollars.
If crypto was so great for money laundering and illegal activity, we'd see so much more of it. The number is as high as it is because Bitcoin is super convenient, so people go out of their way to try to make it work.
Agreed. The upper estimate is that only 5% of money laundering goes through crypto.
If we can somehow kill off the bulk of the pump and dump nonsense and discourage speculation, maybe we can get somewhere with crypto.
First wave was ICOs
Second wave was NFTs
Third wave was (is) memecoins
Are the waves are getting smaller?
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Most of the kids I know who have this attitude would also call IT if they accidentally opened the Command Prompt or BIOS.
The real brain melter was the societal culture shift.
I grew up witnessing "the end of history" with my own eyes. People were getting wiser and kinder year after year, decade after decade. It was like a feedback loop of positive changes, the only way was up.
Then 2010s hit and I'm still processing the 180 degrees shift. I read dozens of books about nazis, authoritarianism, societal memory, cults, fucking roman empire. But I still have cognitive dissonance every time I open news feed.
The real brain melter was the societal culture shift.
I grew up witnessing “the end of history” with my own eyes. People were getting wiser and kinder year after year, decade after decade. It was like a feedback loop of positive changes, the only way was up.
Then 2010s hit and I’m still processing the 180 degrees shift.
Fucking thank you! This has been hard for me to put into words. (I'm on the older end of Gen-X)
Eh, I still think people are generally pretty nice to each other. The problem is that when that same nice person goes online, they behave differently. The more time we spend online, the more impact that "alter ego" has on our "IRL" personality.
So what we need is more IRL connection, but we're instead spending more and more time online.
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Facebook and unregulated social media. Up to now most governments in the world don't even have a clue or idea that the internet is a very powerful tool that should actually be regulated because there are very evil people who will always act in bad faith to manipulate others for power and control. The Golden era of the internet is definitely over, I think 2016 was a defined shift that will be recorded by historians.
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Is so crazy to explain people I played games in an spectrum in 1987 back when many didn't knew what a "computer" was in my country cause like less than 10% of the people in my country. And now you put a helmet and you're inside the game!
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