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> ...trustless decentralized computing. That's a means, not an end, and has no intrinsic value. Any value it has is extrinsic - derived from its applications.
by arcticbull 5y ago
> ...trustless decentralized computing.
That's a means, not an end, and has no intrinsic value. Any value it has is extrinsic - derived from its applications. Of which there are none that are better handled that way.
TCP/IP has no intrinsic value either. What's built on it has value.
> ...withdraw/transfer/borrow/lend with no possible downtime or fraud is extremely appealing.
Really? No possibility of fraud? Are you sure? Might want to click through the link at the top of the page. Didn't half of DeFi go down with AWS? Didn't Solana get DDOSd and also have to get rebooted recently? Can't you nuke any NFT on OpenSea from orbit by filing a DMCA complaint with Google? I suggest this position is aspirational... at best.
> If you really believe all of these contracts will inevitably go pear shaped, are the billions not enough incentive for you to go find the bugs yourself?
That's not my area of expertise, but there are plenty of folks for whom it is. I trust this task is in good hands already.
> Yes, these people are called "early adopters". They're excited by new technologies, even when they involve risk. You should try it sometime.
I do, when those new technologies have value. I've been daily-driving Rust since 2015. I've been following crypto since 2016, I've used a number of chains a number of times. I heated my condo mining ETH for a while on a 3090. Closed out the position via dex. It's pretty dang pointless. Not everything new is good.