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Ponzi schemes are terrible. Many ICOs aren't much more. However, blockchain enables digital scarcity. That's an interesting piece of technology right there. Usi
by markkat 8y ago
Ponzi schemes are terrible. Many ICOs aren't much more. However, blockchain enables digital scarcity. That's an interesting piece of technology right there. Using it as a state-machine is a very interesting application of it. IMHO many negative emotional responses come from scamming applications, many positive ones from new possibilities created by the technology, some of both are just due to the transformative nature of its application.
- spookthesunset 8y ago> However, blockchain enables digital scarcity. Eh? Scarcity? Ever looked at all the forks of bitcoin? Blockchain absolutely does not enable scarcity. This has been proven time and time again...
- tuesdayrain 8y agoYou say that as if Bitcoin forks are unquestionable proof of increasing supply, which many people will disagrewle with. I consider them to be completely separate products, seeing as the forks are not backed by Bitcoin's hashpower.
- root_axis 8y agoIt doesn't matter what someone "sees" them as, the fact remains that forks are possible because the scarcity is an artificial illusion.