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I've been a fan of cryptocurrencies since 2010 and these days basically no one who puts money into it knows how it works. People are putting there entire life s
by NorwegianDude 4y ago
I've been a fan of cryptocurrencies since 2010 and these days basically no one who puts money into it knows how it works. People are putting there entire life savings into it, and they have no idea what it is.
There is so many clueless people who hope to get rich by getting in before something takes off that even the dumbest of things is a thing these days.
Just as an example, let's look at NFTs. People are buying NFTs for insane prices, but they don't know what is actually is. Often the thing people are "buying" are centrally stored and controlled, and by that point there is no point in using a blockchain.
There are also a lot of other things that blockchains are used for that is completely pointless as it can be done without it.
Some times I wonder if most people think that blockchains is the only way to use cryptography...