csee
Joined 5 years ago
Joined 5 years ago
This is where some modest taxation comes in. To reallocate a slice of the output of value creation to its actual source in a rough kind of way wherever more direct compensation isn't feasible.
I don't disagree that the point of perpetual futures on crypto exchanges is primarily to facilitate speculation and gambling, but they're just delta 1 derivatives (track the underlying 1:1) in the form of a CFD, different in mechanism but no different in use case to regular futures, which themselves are traded widely on traditional exchanges. And these perps are quite useful to temporarily hedge holdings, even more convenient than regular futures since you don't have to bother with rollover. The instrument itself is really cool. The criticism should be directed to the high amounts of leverage which is only ever useful in a gambling context, and the marketing + gamification aspects which are clearly targeted at encouraging gambling behavior. If Binance got rid of their perpetual futures, users could still gamble all the same using Binance's regular futures contracts.
https://abcnews.go.com/International/wireStory/israel-cyprus...
Is that expected/known to be true even as the tech gets cheaper in 5-10 years? What's the level of confidence of this statement?
The criticism is similar in nature to the criticism of Twitter and Facebook. These apps play to and encourage the worst side of humans in the way that their social dynamics are designed, which distorts relations between people for the worse.
In the case of dating apps, it's because the "first meeting" is viewing someone's curated digital profile instead of getting to know their full self in the real world, they strongly encourage selection based on trivialities like height, hip to waist ratio, income and other signals. You also encourage the same narcissistic performance games that Instagram encourages. It's also the sheer deluge of profiles. Like, our dopamine system isn't designed for that, and nor is it a fully free choice when the app has exploited that evolved system to hook users. And what's going to be the impact of designing a system that makes it easy for people to self select into opposing political tribes?
Of course most of this stuff happened to an extent 15 years ago too. But as with Facebook and their tendency to stoke outrage and division, the problem is how the app has turbocharged our worse tendencies while also creating dilemma like incentives that make it tricky to opt out from.
My point about low status men is that they often aren't bad mates. They're low status through the prism of hyper gamified dating apps that magnify the importance of trivialities. There's no question that there's people who've had it worse in this regard in the pre-dating app era (various low-caste/untouchables types in different societies), my point isn't that we are at rock bottom, just that dating apps are a pretty large step in the wrong direction.