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Decades later and I’m still waiting for a use case for crypto. I’ve yet to see a legal use case other than “number go up”. If something has no actual use case a
by ashtonkem 5y ago
Decades later and I’m still waiting for a use case for crypto. I’ve yet to see a legal use case other than “number go up”. If something has no actual use case and still continues to rise in price, then that seems like a bubble to me.
> The environmental claims are all FUD.
This is hilariously unpersuasive. Not even a hint of an argument, just “please ignore the TWh behind the curtain”.
- whatshisface 5y agoETH is switching to proof-of-stake. Although the acronym is humorously "POS," it will solve the environmental concerns.
- ashtonkem 5y agoIt’ll be great if they do that, but I’m not gonna hold my breath. Meanwhile Etherium seems extremely bubbly to me too. At first smart contracts was the only thing that made any sense to me (bitcoin struck me as goldbug nonsense early on), but over the years it seems like it’s mostly used for gambling and making tokens. Nothing that couldn’t be done more efficiently and conveniently off the chain, especially since the oracle problem always looms large over any given hypothetical use case. At least if they go to POS it’ll be less wasteful.
- neb_b 5y agofast and low cost remittance is a pretty good use case