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The blockchain itself is nothing bad or wrong, it's an interesting piece of technology in fact. The issue is that the current valuation of the whole crypto mark
by 1_player 5y ago
The blockchain itself is nothing bad or wrong, it's an interesting piece of technology in fact. The issue is that the current valuation of the whole crypto market is based on future, hopeful and unrealised potential, based on shaky foundations and questionable politics, not on actual value. Which is fine, but it starts to be an issue when laymen buy into it because they see a high price and think this must mean high value. And thus it increases, and more hopefuls and people with more money than sense keep the party going and more suckers are pulled in. But while the price has increased a million-fold over the years, the value has remained the same.
Yes, it certainly feels like a Ponzi scheme.
- nopeYouAreWrong 5y agothere is nothing interesting or new about "blockchain". it's a specific implementation of 3 things that are older than you are
- rfd4sgmk8u 5y agoWhile these 3 things are quite old, the blending of these technologies -- to create censorship resistant, trustless, eternal, decentralized peer to peer ledger that cannot be altered is actually quite new and interesting. It shifts the entire power model from authorities to the users. Revolutionary! If you really believe it is not interesting, that is fine too! The technology is opt-in and voluntary. You can throw as many rocks all you like.