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How is it clear? Ten years on there are zero cryptocurrencies in wide use as actual currencies, and blockchain has drastically changed zero industries (except m
by jakelazaroff 7y ago
How is it clear? Ten years on there are zero cryptocurrencies in wide use as actual currencies, and blockchain has drastically changed zero industries (except maybe malware).
The Internet had many popular use cases years or decades before investor money poured in. Blockchain has already seen a bubble and a bust with exactly one popular use case: trading cryptocurrency, which itself is only really used for speculation and scams.
"Managed by code" is also not really a thing. Humans write the code! And there's no real reason to expect the humans who create the cryptocurrency ecosystem to be any more trustworthy than the humans in government.
- Lx1oG-AWb6h_ZG0 7y agoAnd it’s not really managed by code anyway. Look at the DAO debacle: they started out saying the code is the law, and when someone found a bug in the code and exploited it, they changed the code by fiat. What is the point if you’re going to end up human arbitrators anyway?
- anonymous5133 7y agoCode can be verified and audited though.