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Because we're tired of a dumpster fire of scams and fraud being sold as the revolutionary future of all finance and money. We do not want that future. We don't
by jasonwatkinspdx 4y ago
Because we're tired of a dumpster fire of scams and fraud being sold as the revolutionary future of all finance and money.
We do not want that future. We don't even want the bitcoin present. We think it's bad and will cheer as it implodes.
There was a time I thought something like bitcoin had a useful role to play in the world, never as a consumer/retail thing, but more a zero trust alternative to existing clearing houses used by businesses. The mania around getting rich quick on crypto coins has utterly destroyed that possibility.
You can call it hate if you like. I don't particularly care. I do think spreading this criticism to counter the hype and straight up fraud pitches is justified, including being rather emphatic about it.
- TheNewsIsHere 4y agoI am saddened about the baggage that blockchain technologies hold in less technical circles now. They’re not just for cryptocurrencies. My grandfather hears “blockchain” and he assumes he is looking at a crypto scam.
- krisoft 4y ago> My grandfather hears “blockchain” and he assumes he is looking at a crypto scam. As a first approximation he sounds like a wise man. > They’re not just for cryptocurrencies. Please tell me about the other use cases.
- stephc_int13 4y agoYour grandfather is not that dumb.
- jasonwatkinspdx 4y agoMerkle trees and consensus algorithms predate "blockchain." So far blockchain has very little to offer other than solutions to Sybil attacks that so far are net negative in externalities.
- TheNewsIsHere 4y agoYou are absolutely right! It’s accurate to say blockchains are a synthesis of other technologies, and solve for particular, narrow use cases. That is useful, but not as generally useful as cryptocurrency advocates want you to believe.
- przeor 4y agoyes, but the same we can tell about equity invention... people were misusing it, does it mean that it is bad? LLC are a main factorfor growth in last 100 years because of incentives aligment. same with crypto. any tool can be exploited by bad actors does it mean it should not exsist or be hated?