3 ms·

There never was any real world application to cryptocurrency beyond what Satoshi invented in 2009 with Bitcoin — a global currency of fixed supply controlled by

There never was any real world application to cryptocurrency beyond what Satoshi invented in 2009 with Bitcoin — a global currency of fixed supply controlled by computer algorithms. Every coin launched subsequent to Bitcoin has been a money grab dressed up in heaps of ludicrous marketing lingo, defended by paid-off law firms and celebrity VCs on the take, obscured via technobabble, and powered exclusively by FOMO and greed.

xvector 5y ago
> There never was any real world application to cryptocurrency beyond what Satoshi invented in 2009 with Bitcoin All this shows is that you haven’t spent even 5 minutes trying to understand crypto, and yet you judge it regardless. - The introduction of true anonymity (as opposed to mere pseudonymity) with XMR has been significant. - The introduction of rapid, feeless transactions with NANO has been significant. - The introduction of smart contracts with Ethereum has been significant. Each of these solutions completely change the crypto sphere and significantly expand its potential use case. Each of these provide something at the protocol layer that Bitcoin does not. And there have been plenty of significant developments beyond these. But bitterness is blinding. I would be fascinated to hear your evidence for why these are “a money grab dressed up in heaps of ludicrous marketing lingo, defended by paid-off law firms.”
hparadiz 5y ago
You should read about the Helium Network.
- csharptwdec19 5y ago
  I'm frankly excited about Helium and did go ahead and buy a 'miner' access point. Will it pan out? IDK. But the use case and implementation (For those not aware, a Helium 'miner' is providing a low data rate wireless access point, and you get coins for providing coverage over an area) seem far more feasible from a conceptual standpoint.

3 ms·

There never was any real world application to cryptocurrency beyond what Satoshi invented in 2009 with Bitcoin — a global currency of fixed supply controlled by

by atweiden 5y ago

xvector 5y ago
> There never was any real world application to cryptocurrency beyond what Satoshi invented in 2009 with Bitcoin All this shows is that you haven’t spent even 5 minutes trying to understand crypto, and yet you judge it regardless. - The introduction of true anonymity (as opposed to mere pseudonymity) with XMR has been significant. - The introduction of rapid, feeless transactions with NANO has been significant. - The introduction of smart contracts with Ethereum has been significant. Each of these solutions completely change the crypto sphere and significantly expand its potential use case. Each of these provide something at the protocol layer that Bitcoin does not. And there have been plenty of significant developments beyond these. But bitterness is blinding. I would be fascinated to hear your evidence for why these are “a money grab dressed up in heaps of ludicrous marketing lingo, defended by paid-off law firms.”
hparadiz 5y ago
You should read about the Helium Network.
- csharptwdec19 5y ago
  I'm frankly excited about Helium and did go ahead and buy a 'miner' access point. Will it pan out? IDK. But the use case and implementation (For those not aware, a Helium 'miner' is providing a low data rate wireless access point, and you get coins for providing coverage over an area) seem far more feasible from a conceptual standpoint.