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The blockchain community are their own worst enemies. There are some interesting use cases for the technology, but those are lost in the noise of the big crowd
by mikl 4y ago
The blockchain community are their own worst enemies. There are some interesting use cases for the technology, but those are lost in the noise of the big crowd that treat it like a get-rich-quick scheme.
All the “HODL”, “diamond hands” and other memes in those circles essentially amount to trying to rally people to (artificially) increase the price of Bitcoin/Ethereum/whatever.
And the more they succeed in doing so, the larger the incentive to run scams or waste power running “mining” computers.
- em-bee 4y agothat is the reason why i stopped being involved with blockchain. i can't in good conscience support a technology that is mostly used to exploit people and use a lot of energy for little benefit. and i don't want to continuously have to explain that the project i am supporting is not a scam and is worth the energy usage, when most of the people probably think i am just a scammer and anti-environmentalist for supporting a blockchain project.