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The funny thing is that I don't believe there is a "blockchain lobby" that is driving hype similar to bitcoin and other fads, that would at least make it more c
by ak_111 5y ago
The funny thing is that I don't believe there is a "blockchain lobby" that is driving hype similar to bitcoin and other fads, that would at least make it more compressible. In fact it is not clear who benefits if it gets "adapted", whatever that means.
It just seems collective delusion in pushing the technology by people who have little stake in it if at all, and sensible people have just given up trying to point out that it is vapourware, but the attention seems to be increasing year on year if anything...
- armada651 5y ago> In fact it is not clear who benefits if it gets "adapted", whatever that means. People who hold cryptocurrency benefit from increased demand and hype around it. It drives up the value of their assets even if indirectly. Not everyone may even be aware that they have this conflict of interest. They may genuinely buy into the hype, which is why they hold cryptocurrency in the first place. However as always we should be skeptical of technology advice from people who stand to make money from you choosing one technology over the other.
- gravitycorn 5y agoAdaption benefits those who adapted earlier. It’s always funny to see early adopters’ criticisms of inflation politics and power to the 99% rhetoric when all they want to do is flip the curve around and apply the same “upward distribution” to their monetary system, but in reverse (timewise) and worse (distribution wise).