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Blockchain in itself is nothing else, just a chain of blocks (linked list of bunch of data with cryptographic hash of the previous block stored in the blocks).
by xiphias2 4y ago
Blockchain in itself is nothing else, just a chain of blocks (linked list of bunch of data with cryptographic hash of the previous block stored in the blocks).
It's an amazing data structure, but putting money in it is no different than putting money into hash maps (which is another great data structure): it doesn't make sense in itself.
What some companies and VCs really want to do (and are doing) is reputation laundering: invest a bit of money in some crypto tokens, and sell them to retail investors for much higher price.
Of course after FTX collapsed they have to wait a few years to do it again.