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Author Topic: ‘Crypto not meant for humans’ says Anthony Pompliano  (Read 795 times)
Unblock_news
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February 28, 2019, 08:15:25 AM
 #1

Anthony Pompliano recently tweeted that the reason why people are having a hard time understanding cryptos is because it is not designed for humans.

Read more here: https://www.unblock.news/news/crypto-not-meant-for-humans-says-anthony-pompliano
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February 28, 2019, 08:21:21 AM
 #2

IMO, there is truth in both statements:

a) crypto is built for machine to machine payments
b) people have hard time understanding crypto due to lack of education about what money is and lack of education about the technical side of crypto.

So I do think cryptocurrencies can be used both by people and by machines simultaneously in a future world where such payments have become the dominant monetary reality.
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February 28, 2019, 08:32:57 AM
Merited by TheCoinGrabber (1)
 #3

nice joke.

the only reason why some people have a hard time with cryptocurrencies is either because they encountered some bullshit sources like shitty news sites that are owned by people who don't even know what they are but try to tell others! so the result is only them misleading people.

or they are too caught up in some pump and dump altcoin or some scam ICO that they are now confused why their promises are not coming true and why the coins they are bag holding continue getting dumped while they were promised big returns...

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February 28, 2019, 08:34:54 AM
 #4

Anthony “Pump” ladies and gentleman is the biggest FOMOer of them all.
Only difference is he tends to speak the honest truth!


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February 28, 2019, 08:35:20 AM
 #5

The truth is that we, humans, are not much further (evolutionary) than the guys that were checking the coins' authenticity with their teeth. I'm sure you've seen that in movies.
And since Bitcoin is not physical, you can only imagine this:




But evolution is never easy. We will evolve, don't worry. As a matter of fact, some of us already did.

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February 28, 2019, 09:08:06 AM
 #6

So, for those who know how crypto work as a whole are superhuman?

For those who inconvenient to know how cryptocurrency work because of cryptocurrency cannot be seen or cannot be held directly. In contrast to money paper that can be seen and touched easily, then they will easily interpret the function of money and directly assess that the paper has value.

As stated above, technology will always grow up periodically and will modify someone's way of thinking. I dare to bet in a few years ahead human life cannot be separated from a technology, every human being will find an easy way and use a technology for their activity. I guess this is the phase where cryptocurrency will be used and the phase where everyone get the hang of cryptocurrency easily.
   
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February 28, 2019, 11:42:37 AM
 #7

Fiat is also hard to understand for the average tax slave with all the ways government regulate its supply and such, does that mean it's not for humans? Yes, there things about bitcoin that is a bit technical to understand, even for people who have already invested in it but the concept of a blockchain and limited supply is easy enough for anyone with a working neuron. I mean, we don't really have to know what happens when we swipe our credit cards right?


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February 28, 2019, 11:49:46 AM
Last edit: February 28, 2019, 03:34:47 PM by deisik
 #8

Anthony Pompliano recently tweeted that the reason why people are having a hard time understanding cryptos is because it is not designed for humans.

Read more here: https://www.unblock.news/news/crypto-not-meant-for-humans-says-anthony-pompliano

I didn't read the article as it makes no sense reading simply because the total majority of people have absolutely no clue how money works and what it is. And even most folks here who are well familiar with Bitcoin in particular and cryptocurrencies in general have a very vague understanding of how fiat money works in practice. I mean how it is created by banks, how fiat payments are actually processed by payment systems and similar highly technical stuff. But this doesn't in the least prevent people from using fiat currencies

To summarize, you don't need to be a Michael Schumacher to drive a car, you don't need to be a Steve Wozniak to build a PC, you don't need to be a Bill Gates to run Windows (though you'd better not run it but simply because it is not a good choice in itself). And believe me Bitcoin is a lot easier to understand than fiat

So you don't need to be a Satoshi Nakamoto to actually use it

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February 28, 2019, 12:38:00 PM
 #9

So using the same logic, the internet is never meant for humans in the first place as it was hard to understand during its first deployment, and is somewhat exclusive to only a handful of companies at the time? Bitcoin and crypto is easier to understand compared to fiat, IMO. You basically don't need to know the technical background of cryptocurrencies in order to 'send' and 'receive;' you just need to know how to do that and the rest will follow. The steep learning curve is only applicable to its technical aspect of cryptocurrencies and not its practical uses, so IMO what the article states is wrong.

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February 28, 2019, 12:48:39 PM
 #10



If its meant only for machine then why are we currently using it?

This is like binary if you think technology, domains normally are just public ip addresses but due to the DNS, websites url are readable by humans. Same thing with wallet addresses, aliases in some platforms are readily available which you can rename your wallet.




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February 28, 2019, 01:31:38 PM
 #11

I've read some crazy theories that bitcoin was created by artificial intelligence and they will use it one day to take over the world.  Sounds insane or does it if you really think about it? Smiley
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February 28, 2019, 01:49:55 PM
 #12

Machine to machine is still looooong way to go, we are not remotely there. It was made for humans but also it was made for humans who are having hard times financially to close the gap between them and the rich, if you are a rich whale that is interested in bitcoin you are doing something counterproductive for bitcoin to begin with.

Bitcoin was created after 2008 (well was worked on until that moment as well) because it was literally for people who believed 800 billion dollars printed out to pay bonuses for CEO's who destroyed the economy was wrong, like literally giving themselves bonus for destroying economies of countries let alone only their own customers. That is why we have bitcoin, so we can prevent that type of problems and thats why it was built for "humans" and not corporations.

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February 28, 2019, 01:54:34 PM
 #13

Anthony Pompliano recently tweeted that the reason why people are having a hard time understanding cryptos is because it is not designed for humans.

Read more here: https://www.unblock.news/news/crypto-not-meant-for-humans-says-anthony-pompliano
Just some bullshit I would say. What's there not to understand? People with basic common sense will understand how to use it and keep it secured. If you talk about the technical part, then that really doesn't matter. Do you think most people know how the fiat money circulates? How it is created (printed) and what factors affect those? Nope. But they know how to use it. Same goes for digital currency payment system (like paypal).
-snip-
a) crypto is built for machine to machine payments
-snip-

Care to explain?

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February 28, 2019, 02:25:06 PM
Merited by deisik (1)
 #14

-snip-
a) crypto is built for machine to machine payments
-snip-

Care to explain?
I am not butka, but I believe I understand what this user and Anthony Pompliano meant. Some might think that cryptocurrencies are designed for the Internet of things, basically. This means that devices communicate with each other, send and receive valuable information without human intervention, so that in the end humans get a nice and smooth life. A simple example of how it can work that just came to my mind is that when someone gets in the car and intends to drive while being drunk, an alcohol consumption detector near the wheel of a car can measure the alcohol and send signals to some mechanism that will prevent the car from starting. That mechanism, in turn, can send a signal to the sound system to provide explanation to the driver on why the car won't start. All these transactions might need a cryptocurrency to get performed. IOTA is the most famous example of a crypto designed primarily for the IOT.
My view on this matter is that some cryptos are designed for device communication but most of them are meant for humans, and cryptos are not that hard to grasp. I also agree with deisik that most of people use fiat without understanding it.

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February 28, 2019, 02:25:47 PM
 #15

I've read some crazy theories that bitcoin was created by artificial intelligence and they will use it one day to take over the world.  Sounds insane or does it if you really think about it? Smiley
As if there is a perfect AI that already existed programmers and computer enthusiasts, geek, whatever you call them can't create a perfect one in this complex world that we are living. A theory is just a theory until there is a substantial result that would support the theory itself. Bitcoin was designed by Satoshi and explained already in various websites on how it could work.

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February 28, 2019, 02:38:27 PM
 #16

a) crypto is built for machine to machine payments

Grin close to it going by the modus operandi of transaction, maybe. For fiat, most times there is a third party interference which is always a human being but cryptocurrency not like that. Strictly from gadget A to gadget B

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February 28, 2019, 03:16:23 PM
 #17

I am not butka, but I believe I understand what this user and Anthony Pompliano meant. Some might think that cryptocurrencies are designed for the Internet of things, basically. This means that devices communicate with each other, send and receive valuable information without human intervention, so that in the end humans get a nice and smooth life. A simple example of how it can work that just came to my mind is that when someone gets in the car and intends to drive while being drunk, an alcohol consumption detector near the wheel of a car can measure the alcohol and send signals to some mechanism that will prevent the car from starting. That mechanism, in turn, can send a signal to the sound system to provide explanation to the driver on why the car won't start. All these transactions might need a cryptocurrency to get performed. IOTA is the most famous example of a crypto designed primarily for the IOT.
Thanks, you summarized it nicely.
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February 28, 2019, 03:36:39 PM
 #18

It was designed by humans as we have all know, so I don't know where Pompliano is coming from. Maybe what he meant is that people don't really understand how it works, or how it a series of numbers can become money, specially for ordinary people. I wouldn't take his words seriously though, crypto has evolved already and it's just a matter of time before people globally can understand how it works and how it help them, if they treat it as currency or money of the future.

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February 28, 2019, 08:07:48 PM
 #19

Anthony Pompliano recently tweeted that the reason why people are having a hard time understanding cryptos is because it is not designed for humans.

Read more here: https://www.unblock.news/news/crypto-not-meant-for-humans-says-anthony-pompliano
That has never stopped people from using the inventions of others, you may not understand how something works and still use it and the proof is everywhere, we just need to look at the amount of people that use fiat, which is everyone, and yet they do not understand how it works, in fact most people that I have questioned about this still think their money is backed by gold, they do not even know what fiat money means and yet they use it.

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February 28, 2019, 08:47:05 PM
 #20

Crypto may be built for the machines after all.... If humans became aware of how the markets were actually run and how quickly they can create their own ecosystem of value in blockhain entire governments and countries would be out of business.

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