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> I hope conversations can now go up a level to the technical uses Most if not all of the "technical uses" rely on rent extraction so it's really hard to talk
by giantrobot 5y ago
> I hope conversations can now go up a level to the technical uses
Most if not all of the "technical uses" rely on rent extraction so it's really hard to talk about the technical uses without focusing on that major sticking point. Cryptocurrencies/dApps et al only work because of a network of miners on top of existing Internet infrastructure. They all add some extra cost onto every transaction. This in addition to the fantastic number of hucksters and scammers that need suckers to buy into the system so they can cash out.
The whole subject of crytocurrencies cannot be separated from the implementation details. Talking about "technical uses" as if the economic considerations didn't exist is pointless.
- exdsq 5y agoYes I understand how blockchains work. Having that extra layer allows for these projects so, as an end user, we should shift the focus on things like the costs of using an app rather than the implementation (except maybe for PoS v PoW for environmental reasons). Instead of technical uses maybe I should have said projects and products.