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"Smart contracts" (public finance bots) are basically Ponzi-as-a-Service. Someone launched an explicit "PonziCoin" on ETH even. "It's just overtaken" is not a
by floatboth 5y ago
"Smart contracts" (public finance bots) are basically Ponzi-as-a-Service. Someone launched an explicit "PonziCoin" on ETH even.
"It's just overtaken" is not a great take. The problems are way more fundamental – the whole concept of trustless irreversible digital cash just does not work in the real world for normal transactions.
- ahallock 5y ago> Someone launched an explicit "PonziCoin" on ETH even Lots of meme coins have launched -- does not delegitimize everything else. > ...whole concept of trustless irreversible digital cash just does not work in the real world for normal transactions Layers will be built on top to provide that. Your vision is limited.