4 ms·
When cryptocurrency became popular, it was hard to imagine a more poorly designed system. Generating random numbers, continuous guessing, to verify a ledger? Th
by stevebmark 6y ago
When cryptocurrency became popular, it was hard to imagine a more poorly designed system. Generating random numbers, continuous guessing, to verify a ledger? That’s the culmination of decades of algorithm and performance knowledge?
Then smart contracts took the stage, and we realized they were an even worse idea than cryptocurrency. Permanently lose access to your money by locking it into a buggy computer program? How could we lose?
And now NFTs are the new worst idea. It’s somehow made the fundamentally terrible random number generation idea of cryptocurrency worse.
The collapse can’t come soon enough.