rockerest’s Twitter Archive—№ 15,779

“any scarcity is artificial [...] This is why cryptocurrency is valuable. There is nothing high-tech about it. [...] It is simply futures speculation without the speculation [...]” — everestpipkin link.medium.com/w3cyd4eSleb
Permalink On twitter.com ❤️ 1 Favorite 2021 Mar 4 Mood 0

…in reply to @rockerest
"All that cryptocurrency does is abstract resources into a market by making those resources unavailable to the future."
Permalink On twitter.com ❤️ 1 Favorite 2021 Mar 4 Mood -1 🙁

…in reply to @rockerest
"cryptocurriencies are pyramid schemes."
Permalink On twitter.com ❤️ 1 Favorite 2021 Mar 4 Mood 0

…in reply to @rockerest
Fuck I love this article
Permalink On twitter.com ❤️ 1 Favorite 2021 Mar 4 Mood -1 🙁

…in reply to @rockerest
"Even if you, personally, come out more or less even on the books- to do so is to loan your power to a worldview that has doubled down on worth being tied to completed labor and spent physical resources."
Permalink On twitter.com ❤️ 1 Favorite 2021 Mar 4 Mood +2 🙂

…in reply to @rockerest
"Fundamentally, cryptocurrency AND cryptoart are valuable because they burn energy. Because they turn sunk energy cost into futures. If that is the value system we are building, we are doomed."
Permalink On twitter.com ❤️ 1 Favorite 2021 Mar 4 Mood -2 🙁

…in reply to @rockerest
"[...] a reformist attitude that thinks if we can just fix the worst problems [...] then the system might just work rather than internalizing that a system based on fundamentally broken, greedy, hyper-capitalist models is one that will always produce harm."
On twitter.com ❤️ 1 Favorite 2021 Mar 4 Mood -10 🙁