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>Even the most critical observer must concede that these distributed networks are novel and interesting. Frankly that's besides the point these days. Lurk in c
by simias 8y ago
>Even the most critical observer must concede that these distributed networks are novel and interesting.
Frankly that's besides the point these days. Lurk in cryptocurrency subreddits for a while and see that hardly anybody talks about the technology anymore, it's all about "memes" and very dubious projections. Things like this for instance: https://i.redditmedia.com/51566F6-xO0zIBDD7HzYRZyEGhDpMqQpArsSGxK0P0E.jpg?s=b9dddd2ad1000ccbee9e016d3c699e70 https://i.redditmedia.com/51566F6-xO0zIBDD7HzYRZyEGhDpMqQpAr... (fresh off the bitcoin subreddit front page).
I mean, look at TFA, part of the confusion stems from the fact that many people in the community simply didn't know how PoW functions (or even what it is in the first place). It's not about technology anymore, it reads like a Multi-Level Marketing forum. Nobody cares about what it is, they just want to get rich.
- jhobag 8y agoyou're using r/bitcoin as an example? one of the most well known cryptocurrency subs for toxicity and juvenile mods
- simias 8y agoDoesn't really matter for the community mindset I'm talking about. See /r/btc/, /r/cryptocurrency and dozens more, it's mostly discussions about the price of cryptocurrency, dubious long term projections, memes and very little technical discussion. Even articles about a potential application of Blockchain technology are generally met from an angle of "what coin is this going to pump?" See for instance: https://www.reddit.com/r/CryptoCurrency/comments/8ti8z9/thekey_has_recently_entered_into_cooperation_on/ https://www.reddit.com/r/CryptoCurrency/comments/8ti8z9/thek... . Nobody talks about anything besides trading.
- woogiewonka 8y agoI suspect a large number of comments across any crypto sub are from fake accounts - marketing teams, account farms, team members themselves. The level of fraud and scam in crypto now is so high, it's hard to distinguish genuine comments from fake stuff.