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It solves some problems, especially when it comes to networks of shared information where no one actor trust any other single actor. But as usual, as soon as a
by C14L 9y ago
It solves some problems, especially when it comes to networks of shared information where no one actor trust any other single actor.
But as usual, as soon as a lot of money is to be made, non-techies get dollar signs in their eyes and --without understanding the tool-- jump in and start using it for everything.
It will be very amusing to watch, for sure.
- jondubois 9y agoWhat I like about Blockchain tech is that non technical people will never be as good or as quick at identifying opportunities as a technical people who can understand the whitepapers and look at the code themselves. For example, some of the coins that have been going up in price recently are complete garbage and it's a matter of time before their technical limitations become apparent to non-technical people. I think I have a pretty good idea about how easy/difficult it will be to scale different cryptocurrencies based on the algorithms they use. Many of the ones in the top 100 list right now are essentially impossible to scale beyond a certain point, eventually they're bound to hit a wall. Most investors right now are just randomly moving their money between coins. They wait until issues start showing up and then move on to another random coin. This is very inefficient.
- matte_black 9y agoIf this is true then name and shame a few of them (preferably some that we are likely to have heard about). Sick and tired of accusations being thrown out with no skin in the game.
- briatx 9y ago> Sick and tired of accusations being thrown out with no skin in the game. This is a weak attempt at deflection by those who want to discredit criticism. Anyone who understands this sector and thinks it is a bad investment, will not invest. This doesn't mean their view is somehow incorrect. As for finding an ICO that hasn't lived up to the hype, throw a dart at the dartboard. How about Tezos, for one. How about Tron for another, whose white paper was found to have plagiarized from IPFS and/or Filecoin. See: http://www.trustnodes.com/2018/01/08/trons-whitepaper-copied-plagiarized http://www.trustnodes.com/2018/01/08/trons-whitepaper-copied...
- matte_black 9y agoHow about XRP, or Litecoin? Or Bitcoin Cash?
- kinggfx 9y agoTezos is trading over 10x the ICO price on the futures/IOU market
- fspear 9y agoCan you elaborate on the technical/scalability limitations you have seen in some of these coins and how to look out for these?
- smuemd 9y agoNot true. Domain knowledge trumps tech know-how. This is especially true for blockchain backed applications
- wibblewobble 9y agoTechies are also seeing dollar signs, perhaps we need a word to describe these semi-technical people chasing pots of gold at the end of a fools rainbow!