The hatred for blockchain has taken on brainworm levels with the latest bit of cyberbullying from Etsy Bros directed toward crowdstarter platform Kickstarter.  Covered: Kickstarter Kind Of Backtracks On Blockchain Transition Etsy Bros At It Again Kickstarter Crypto Transition Back in December, Kickstarter announced its intentions to eventually move its crowdfunding platform onto the blockchain. […] The post Kickstarter Is Getting Bullied For Its Blockchain Plans appeared first on CryptosRus.

Kickstarter Is Getting Bullied For Its Blockchain Plans

The hatred for blockchain has taken on brainworm levels with the latest bit of cyberbullying from Etsy Bros directed toward crowdstarter platform Kickstarter. 

Covered:

  • Kickstarter Kind Of Backtracks On Blockchain Transition
  • Etsy Bros At It Again

Kickstarter Crypto Transition

Back in December, Kickstarter announced its intentions to eventually move its crowdfunding platform onto the blockchain. It seemed pretty innocent enough as an announcement. No mention of a token/coin or a presale. Just the promise of a whitepaper that would outline how they would integrate their platform.

It was one of those moves that — to people who have an even average grasp of the tech — made sense. After all, Kickstarter has an unnecessary middleman. Why pay 3-5% of crowdraised funds out to an intermediary when you could have a smart contract do it for a tiny fraction of the cost? It goes without saying, creators from all walks could do a lot with even just a few extra percent in their pockets.

However, despite this obvious marriage made in use case heaven, Kickstarter’s announcement was met with sticks and stones from a bunch of punch drunk Twitter accounts — ironically with avatars that make them hard to tell apart from NFT shills.

Fast forward to yesterday. Kickstarter announces that it’s putting a pause on the whitepaper, and instead “listening” to their customers “concerns.” Which sounds good on paper, but I’m not sure what exactly you could glean from, “All crypto is bad. All crypto is a scam. All crypto is real bad for the environment.” But hey, the customer is always basic af right.

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Etsy Bros Of The World Unite

To be fair, it’s not unfair to question a company’s motives when they make a big fuss about integrating blockchain tech. For every Kickstarter, there is — rough estimate — a million Kodaks. That is, companies that like to use the free viral marketing a blockchain initiative brings.

Kodak famously wanted to have a cryptocurrency that would help photographers get paid. But photographers already have that. It’s called fiat. Forget for a second your feelings on the greenback, or whatever it’s nicknamed where you’re from, but there is no advantage for photographers to get getting paid in crypto in that case.

As I outlined above, there is an obvious reason for what Kickstarter is doing. I really can’t see how it could be argued otherwise in good faith — or with a sufficient understanding of the subject.

Thankfully, based on the tenor of their press release, it sounds like all those words hurled at Kickstarter didn’t break any bones.

‘We’re not going to force this on creators and communities for whom Kickstarter is already working well. We’re not going to automatically shift all of Kickstarter to a new infrastructure…”

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