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I mean it "works", but so do steam powered cars. The problem is most people don't actually use it, just trade it. The space used to mostly involve people who ac

by boh 6y ago

I mean it "works", but so do steam powered cars. The problem is most people don't actually use it, just trade it. The space used to mostly involve people who actually wanted to decentralize currencies, now it's almost exclusively "hodl $$$$$ to the moon etc". This article is articulating what's been clear to many people who really believed in the promise of decentralized currency: crypto in its current iteration has essentially failed. Time to try something else.

touristtam 6y ago
Nevermind article like this one then: https://thenextweb.com/hardfork/2019/05/03/jp-morgan-microsoft-ethereum-quorum-blockchain/ https://thenextweb.com/hardfork/2019/05/03/jp-morgan-microso...
- boh 6y ago
  Exactly. Nevermind this article because Bitcoin and a blockchain from JP Morgan have nothing in common (also JP's enthusiasm for blockchains have been steadily waning and their earlier attempts are already dead on the vine). People have no interest in the tech, just gainz, bcs blockchain finance, consensus, future, JP Morgan and whatever word cloud pumpers want to use to get you excited don't actually reflect realities. If you have so much faith in the tech, start using it for real-world transactions, which you can do right now. If you're just hodling with some vague assumptions of moon money, you're not supporting the actual purpose of crypto. But let's be honest, most people aren't really supporting it or have any interest in actually using it, that's why crypto has been failing (even though it technically "works").
mirekrusin 6y ago
Maybe you're hearing only "hodl" because those people are loud? Just like Vitalik doesn't give a shit about making money on speculation, so do many people working around this tech, a lot don't hold anything in crypto or purely symbolic amounts, trading takes a lot of time, energy and can drain emotionally very quickly, with more than 80% of new traders loosing money after 1 year not everybody is interested in it. To put it in other words - crypto trading is different kind of hobby than programming. Many people are interested in what kind of systems can be built and don't give much crap about monetizing it or worry about how many people are using it. It's a bit like getting upset at Fabrice Bellard because he created quickjs that "nobody is using" - it's completely missing the point.

by boh 6y ago

touristtam 6y ago

Nevermind article like this one then: https://thenextweb.com/hardfork/2019/05/03/jp-morgan-microsoft-ethereum-quorum-blockchain/ https://thenextweb.com/hardfork/2019/05/03/jp-morgan-microso...

boh 6y ago
Exactly. Nevermind this article because Bitcoin and a blockchain from JP Morgan have nothing in common (also JP's enthusiasm for blockchains have been steadily waning and their earlier attempts are already dead on the vine). People have no interest in the tech, just gainz, bcs blockchain finance, consensus, future, JP Morgan and whatever word cloud pumpers want to use to get you excited don't actually reflect realities. If you have so much faith in the tech, start using it for real-world transactions, which you can do right now. If you're just hodling with some vague assumptions of moon money, you're not supporting the actual purpose of crypto. But let's be honest, most people aren't really supporting it or have any interest in actually using it, that's why crypto has been failing (even though it technically "works").

mirekrusin 6y ago

Maybe you're hearing only "hodl" because those people are loud? Just like Vitalik doesn't give a shit about making money on speculation, so do many people working around this tech, a lot don't hold anything in crypto or purely symbolic amounts, trading takes a lot of time, energy and can drain emotionally very quickly, with more than 80% of new traders loosing money after 1 year not everybody is interested in it. To put it in other words - crypto trading is different kind of hobby than programming. Many people are interested in what kind of systems can be built and don't give much crap about monetizing it or worry about how many people are using it. It's a bit like getting upset at Fabrice Bellard because he created quickjs that "nobody is using" - it's completely missing the point.