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tired and copypasta-like impulsive response written in hysterics is why you're getting downvoted

hnthrow1010 4y ago
That makes no sense. I wouldn't have to keep repeating myself if crypto people didn't also do the same thing. Also, please don't describe the act of disagreeing as being "in hysterics", that's bad discussion.
- wahnfrieden 4y ago
  ok
smoldesu 4y ago
It's only tired and copypasta-like because it can't be refuted. He's right. Cryptocurrency had it's shot, here's what we got out of it: 1. People trying to make a currency or interoperable token that they can directly or indirectly profit from 2. People trying to replace traditional object-relational databases or P2P networking with the Blockchain Neither of those are particularly meaningful to the average person. They buy their Cherry Pepsi with a Mastercard and then listen to Podcasts on Spotify or the preinstalled iPhone app. People won't care about this stuff until it's meaningfully integrated into our lives, which is something all of these cryptocurrencies have failed to do. There is no killer app, there is no data revolution. People have been beating this decentralization drum for decades, and nothing happened. If you think that Cryptocurrency is going to deliver us from surveillance capitalism into another digital golden age, then you're failing to see the entire picture. Luckily, proving this thesis right is simple: we just have to wait and watch as cryptocurrency values continue to plummet, and as VC interest in Blockchain-backed technology dries up. It's looking increasingly correct with every passing day. It's fun being starry-eyed about cool tech, but the Blockchain is a failed experiment. Our suspected fears are true: running an anonymous, distributed and append-only ledger where anyone can be an operator is a bad idea.
- wahnfrieden 4y ago
  ok
- imtringued 4y ago
  It was obvious the moment Freicoin died. That currency quite literally couldn't be used for speculation. It's only potential use case was as a medium of exchange and that didn't happen.
  - aaaaaaaaata 4y ago
    Right, only that one proved this theory of yours — not the other 3000 competitors just like it, by your metric
    - smoldesu 4y ago
      I mean, they could expand their sample size and the situation wouldn't be any different. Shitcoins come and go, but even the most benevolent of cryptocurrencies don't have a real shot at widespread success.

That makes no sense. I wouldn't have to keep repeating myself if crypto people didn't also do the same thing. Also, please don't describe the act of disagreeing as being "in hysterics", that's bad discussion.

wahnfrieden 4y ago
ok

smoldesu 4y ago

It's only tired and copypasta-like because it can't be refuted. He's right. Cryptocurrency had it's shot, here's what we got out of it: 1. People trying to make a currency or interoperable token that they can directly or indirectly profit from 2. People trying to replace traditional object-relational databases or P2P networking with the Blockchain Neither of those are particularly meaningful to the average person. They buy their Cherry Pepsi with a Mastercard and then listen to Podcasts on Spotify or the preinstalled iPhone app. People won't care about this stuff until it's meaningfully integrated into our lives, which is something all of these cryptocurrencies have failed to do. There is no killer app, there is no data revolution. People have been beating this decentralization drum for decades, and nothing happened. If you think that Cryptocurrency is going to deliver us from surveillance capitalism into another digital golden age, then you're failing to see the entire picture. Luckily, proving this thesis right is simple: we just have to wait and watch as cryptocurrency values continue to plummet, and as VC interest in Blockchain-backed technology dries up. It's looking increasingly correct with every passing day. It's fun being starry-eyed about cool tech, but the Blockchain is a failed experiment. Our suspected fears are true: running an anonymous, distributed and append-only ledger where anyone can be an operator is a bad idea.

wahnfrieden 4y ago
ok
imtringued 4y ago
It was obvious the moment Freicoin died. That currency quite literally couldn't be used for speculation. It's only potential use case was as a medium of exchange and that didn't happen.
- aaaaaaaaata 4y ago
  Right, only that one proved this theory of yours — not the other 3000 competitors just like it, by your metric
  - smoldesu 4y ago
    I mean, they could expand their sample size and the situation wouldn't be any different. Shitcoins come and go, but even the most benevolent of cryptocurrencies don't have a real shot at widespread success.