Molly White is running a blog bitching about NFTs and crypto

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Re: Molly White is running a blog bitching about NFTs and crypto

Post by ericbarbour » Sat Feb 05, 2022 1:30 am

badmachine wrote:
Fri Feb 04, 2022 6:48 pm
never worked for me but all i had was aids.
You also lack the petty, selfish, compulsively-lying juvenile-delinquent personality that seems to make for a "good Wikipedian". It's all very adolescent, while also being religious-cultist in basic nature at the same time. Insecure and childish people crammed into a small room, constantly arguing and slapping each other. And they consider it a form of "entertainment" if not an actual "therapy". :D

As someone recently said to me: "it's Reddit with a fake encyclopedia attached".
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Re: Molly White is running a blog bitching about NFTs and crypto

Post by ericbarbour » Mon May 16, 2022 9:41 pm

THE HARVARD BUSINESS REVIEW (SERIOUSLY)
INTERVIEWS MOLLY ABOUT CRYPTO:


https://hbr.org/2022/05/cautionary-tale ... cryptoland

This is not a hoax. Apparently.

Tell me again that she's not an "attention seeker".
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Re: Molly White is running a blog bitching about NFTs and crypto

Post by wexter » Mon May 16, 2022 11:45 pm

The HBR article lacks logical structure; perhaps Crypto is harmful is the main conclusion.

There are several position points in the article; here are three;

Instead of being primarily used for speculative investments by people who were willing to take on a lot of risk in exchange for hopes of huge returns, people began to talk about how the whole web was going to shift toward services that were built using blockchains.

not all problems can be solved solely through the addition of a blockchain. Folks are grasping at straws.

One of the biggest failures of the media in reporting on crypto has been uncritically reprinting statements from crypto boosters with little reflection on the legitimacy or feasibility of those statements.


The conclusion of the article might be found in the over-sized picture of Molly White looking-all Elizabeth Holmes. I guess all those Incels need to be dominated like handmaidens. Of-Molly's. Agreed, the article is pure vanity; at the cost of being slaughtered by the folks bonzo-on-bit-con.

Molly could just say "bitcoin is a fraud," but that would be too easy, clear, and straightforward a statement for her to make.



HBR is not the only confabulated journal these days;

https://www.vox.com/the-goods/23071245/ ... stablecoin

What is the point of crypto?
Crypto is a solution in search of a problem — or problems.

When it comes to crypto, all the questions sort of boil down to one: What, actually, is the point of it?

Vox could just say Bitcoin is a fraud, but that would be too easy. Better to have a thousand word article with no structure, a narrative and assertions all over the place.

The same lame lack of structure is commonly found on Wikipedia.

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Re: Molly White is running a blog bitching about NFTs and crypto

Post by oranges33 » Wed May 18, 2022 8:31 pm

Yea it makes sense she'd get a lot of attention for claiming all of crypto is a scam, not even David Gerard goes that far. David wrote a lot more on this subject, but was way more nuanced. How much attention did he get for that? Some. I remember David saying to some NFT guy, as long as people are having fun and not ruining the climate, all the best.

I've found limited use of crypto for international payments and also as a VPN for money (ie not for illegal purposes, but just so you can pay something anonymously). It may or may not be a scam as an investment vehicle, but that's not all of what crypto is. If Molly or David want to make that argument that all money is a scam, well maybe that's something I could get on board.

This seems to be a pattern of her articles talking in extremes, black & white, absolutes, broad brushes. Which is what you'd expect a blogger to do, not a Wikipedia admin. Eg her article claiming all of incel is a"hate group" that "endorses violence" is a very extreme and frankly inaccurate choice of opinion to cite. It was even arguably a minor view at the time that that was first written. Her Wikipedia articles on other subjects also lack nuance and a healthy distance from blog-style outrage seeking. Would be perfectly fine for hobby wikis, but for the most used encyclopedia around, it'd be better to have more competent people writing on internet drama, and digital-journalism-tier news.

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Re: Molly White is running a blog bitching about NFTs and crypto

Post by wexter » Fri May 20, 2022 12:31 pm

I wanted to see what Wiki-idiots had to say about the collapse of Luna.
They don't explain the collapse in any meaningful way.

No surprise Molly White is on top of the subject like White on Rice.


https://en.wikipedia.org/w/index.php?ti ... on=history

This is what Molly has to say on the collapse

Collapse
See also: Cryptocurrency bubble § Collapse of Terra-Luna

Beginning on 9 May 2022, the tokens made headlines after UST began to break its peg to the US dollar. Over the next week, the price of UST plunged to 10 cents,[20] while Luna fell to "virtually zero", down from an all-time high of $119.51.[21] The collapse wiped out almost $45 billion of market capitalisation over the course of a week.[2]

On 13 May, Terraform Labs temporarily halted the Terra blockchain in response to the falling prices of UST and Luna.[21][22] Despite the company's attempts to stabilise UST and Luna via its bitcoin and other cryptocurrency reserves from the Luna Foundation Guard, the 1:1 peg of UST to USD did not materialise. As of 16 May 2022, blockchain analysts claim that the usage of the bitcoin reserves of LFG still remains largely uncertain.[23][24]

Likely causes of the collapse included mass withdrawals from the Anchor Protocol days before the collapse, investor concerns about cryptocurrencies more generally, and a drop in the price of bitcoin.[25][26][27] During the collapse, holders converted Terra into Luna via the mint-and-burn system, which caused the price of Luna to collapse due to its increased supply. This in turn destabilised the balancing mechanism between the currencies.[26]

This is what I understand to be simple and true

"The downward pressure on reserve assets coupled with withdrawals, triggered a stress scenario akin to a 'run on the bank.'” Mike Novogratz ----- Lack of regulated reserve levels, the quality of the reserves (in the form of other volitile and untested cryptocurrencies) and most of all - investors chasing an 18% promised return (a return typical of a ponzi scheme) in a derivative "coin" in the same fraudulent eco-system.

There is no need to understand anything on the part of Wiki-idiots as long as a source exists.



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Re: Molly White is running a blog bitching about NFTs and crypto

Post by boredbird » Mon May 30, 2022 12:07 am


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Re: Molly White is running a blog bitching about NFTs and crypto

Post by ericbarbour » Wed Jun 01, 2022 12:48 am

if this keeps up I will be forced to create a special section for her........

https://www.washingtonpost.com/technolo ... te-crypto/
Molly White grew up on the Internet. As a preteen, she began writing and editing Wikipedia pages, first for bands she liked, and then to document unsung women scientists. During the Trump presidency, her interests shifted to right-wing Internet movements and domestic extremism: She edited articles on the brutal online attacks on women gamers and journalists, which came to be known as “GamerGate,” and the “boogaloo" militia movement. In the past 15 years, White’s racked up more than 100,000 edits and served on the organization’s arbitration committee, the high court that settles disputes on the site.

So when the term Web3, a catchall for organizations and companies built around cryptocurrency technology, began cropping up on social media in 2021, White started to write a Wikipedia article on it.

The task proved harder than she had imagined. “I kept seeing the word everywhere but no one was saying what it meant,” White said, referring to Web3. Billionaire venture capital firms were pouring money into crypto companies, blockchain start-ups were buying Super Bowl ads and tech luminaries such as Tesla chief executive Elon Musk and Twitter co-founder Jack Dorsey were hyping up various cryptocurrencies.

But White’s research kept bringing her back to one conclusion: Web3 was filled with a litany of scams, failures and frauds meant to separate regular people from their money.
The comments below it tend to agree, although you do see stupidity like
Currencies without any backing should not exist.
The US dollar hasn't been "backed" by any kind of "tangible items of value" since the Bretton Woods agreement was canceled in 1971. The value of a dollar is more of a worldwide mass delusion than anything else, and it's basically one of the few things that kept the United States economy afloat and growing for the last 50 years. "Precious metal standards" or the like are bad for a variety of other reasons.

And as usual, you can easily find any number of conspiracy ranters who are demanding a return to the archaic gold standard. Same people go on tirades about "international Jewish bankers" and Bilderbergers and reptile aliens and blah blah. Only hard-right fools seem to think that everything should be based on blocks of yellow metal, and whoever owns the most yellow metal should be "king".
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Re: Molly White is running a blog bitching about NFTs and crypto

Post by ericbarbour » Wed Jun 01, 2022 1:16 am

THUS DID SHE BECOME "NOTABLE"

created yesterday

https://en.wikipedia.org/wiki/Molly_White_(writer)

which puts her in very famous company--the 60-or-so Wikipooters with BLPs.

https://en.wikipedia.org/wiki/Category:Wikipedia_people


Tell me AGAIN she isn't "chasing publicity".
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Re: Molly White is running a blog bitching about NFTs and crypto

Post by wexter » Wed Jun 01, 2022 2:05 am

No college degree?
Resigned from her job? fired? What exactly does being on sabbatical mean?
Identifies as a queer feminist?
Writer, blogger, crypto critic, software engineer, or Wikipedian?
A single Washington Post article makes her notable?
The target of trolls?
She has an army of twitter bots?

Looks to me that the WMF is going to pick her up.. or she is going to suffer the fate of Justin Knapp, get institutionalized for autism, or will be troll food.

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Re: Molly White is running a blog bitching about NFTs and crypto

Post by boredbird » Wed Jun 01, 2022 2:37 am

ericbarbour wrote:
Wed Jun 01, 2022 1:16 am
Tell me AGAIN she isn't "chasing publicity".
You wanna watch Tamzin talk about crypto instead?

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