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I think it's necessary to put emphasis on the "get-rich-quick schemes" part, and not the "blockchain/cryptocurrencies" part. I hope you're not implying blockch

I think it's necessary to put emphasis on the "get-rich-quick schemes" part, and not the "blockchain/cryptocurrencies" part. I hope you're not implying blockchain tech and all cryptocurrencies don't/can't provide real utility value, but if so I beg to differ substantially. I built a hook to the Stellar blockchain to store SHA256 hashes of audit evidence that can be validated against at a later time as tamper-proofing evidence. This is just one extremely simple use case, not to mention the entire Defi ecosystem that's being developed as we speak.

captn3m0 6y ago
https://tools.ietf.org/html/rfc3161 https://tools.ietf.org/html/rfc3161
schrototo 6y ago
I am absolutely implying that blockchain tech is fundamentally useless, and cryptocurrencies doubly so.
- moistbar 6y ago
  Considering your incredibly uninformed stance on NFT's, I don't think you have any real right to an opinion on crypto as a whole unless you go and do some serious reading.
- rl3 6y ago
  Depends how you define useless. They're pretty good at demonstrating what happens when the immature, privileged assholes of this world run amok with shitty ideas, devoid of any true foresight or reflection.
  - qqii 6y ago
    They're also pretty good at demonstrating how a borderless financial system can facilitate innovation and development whilst retaining IP without VCs (Aave, Uniswap).
    - rl3 6y ago
      Now all we need is the autogenerated whitepapers.
- dmos62 6y ago
  A bold statement is expected to have an argument. A trustless, censorship-resistant ledger is fundamentally useless? Come on.
- kobasa 6y ago
  HFSP
tomp 6y ago
Why not use Twitter or GitHub instead?
- jobigoud 6y ago
  So you don't need to put your trust into all the people that have or could gain write access to their databases?
theamk 6y ago
The tamper-proof timestamping has been around for a long while - there are many timestamping servers which sign hashes using a simple protocol [0][1]. Get a signature from a few servers in different jurisdiction if you are worried that one will get compromised. This is one of the reasons I don't like the blockchain hype -- people have real problems. Instead of choosing existing simple and reliable solutions -- TSA, CT-style logs[2], people go with the blockchain stuff which directly powers cryptolockers, ponzi schemes, and other crime. Yes, I know cryptolockers don't use Stellar... but most people don't -- and they see posts like yours as a justification that to put their life savings into another scam. [0] https://www.freetsa.org/index_en.php https://www.freetsa.org/index_en.php [1] https://gist.github.com/Manouchehri/fd754e402d98430243455713efada710 https://gist.github.com/Manouchehri/fd754e402d98430243455713... [2] https://certificate.transparency.dev/howctworks/ https://certificate.transparency.dev/howctworks/
- qqii 6y ago
  Tamper proof timestamping is just a small part of blockchains and they exist in parallel with different security guarentees. Blockchains aren't going to dissappear so in my mind the only good solution is to educate instead of fear monger.

captn3m0 6y ago

https://tools.ietf.org/html/rfc3161 https://tools.ietf.org/html/rfc3161

schrototo 6y ago

I am absolutely implying that blockchain tech is fundamentally useless, and cryptocurrencies doubly so.

moistbar 6y ago
Considering your incredibly uninformed stance on NFT's, I don't think you have any real right to an opinion on crypto as a whole unless you go and do some serious reading.
rl3 6y ago
Depends how you define useless. They're pretty good at demonstrating what happens when the immature, privileged assholes of this world run amok with shitty ideas, devoid of any true foresight or reflection.
- qqii 6y ago
  They're also pretty good at demonstrating how a borderless financial system can facilitate innovation and development whilst retaining IP without VCs (Aave, Uniswap).
  - rl3 6y ago
    Now all we need is the autogenerated whitepapers.
dmos62 6y ago
A bold statement is expected to have an argument. A trustless, censorship-resistant ledger is fundamentally useless? Come on.
kobasa 6y ago
HFSP

tomp 6y ago

Why not use Twitter or GitHub instead?

jobigoud 6y ago
So you don't need to put your trust into all the people that have or could gain write access to their databases?

theamk 6y ago

The tamper-proof timestamping has been around for a long while - there are many timestamping servers which sign hashes using a simple protocol [0][1]. Get a signature from a few servers in different jurisdiction if you are worried that one will get compromised. This is one of the reasons I don't like the blockchain hype -- people have real problems. Instead of choosing existing simple and reliable solutions -- TSA, CT-style logs[2], people go with the blockchain stuff which directly powers cryptolockers, ponzi schemes, and other crime. Yes, I know cryptolockers don't use Stellar... but most people don't -- and they see posts like yours as a justification that to put their life savings into another scam. [0] https://www.freetsa.org/index_en.php https://www.freetsa.org/index_en.php [1] https://gist.github.com/Manouchehri/fd754e402d98430243455713efada710 https://gist.github.com/Manouchehri/fd754e402d98430243455713... [2] https://certificate.transparency.dev/howctworks/ https://certificate.transparency.dev/howctworks/

qqii 6y ago
Tamper proof timestamping is just a small part of blockchains and they exist in parallel with different security guarentees. Blockchains aren't going to dissappear so in my mind the only good solution is to educate instead of fear monger.