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Lol, the good old crypto-bro attitude that uses the "you don't know what you're talking about, stop bashing the technology". Except you are mixing the tec
by olabyne 4y ago
Lol, the good old crypto-bro attitude that uses the "you don't know what you're talking about, stop bashing the technology".
Except you are mixing the technology (blockchain) and the usage (crypto).
On HN the consensus is that every current usage is either worthless, utopic or scammy. Nobody denies the technology.
A recent post on HN about AWS and blockchain ended with the following sentence : "the blockchain is a solution looking for a problem"
https://www.tbray.org/ongoing/When/202x/2022/11/19/AWS-Blockchain https://www.tbray.org/ongoing/When/202x/2022/11/19/AWS-Block...
- cinntaile 4y agoThose things that claim to use blockchain but don't have the crypto are marketing technologies that could be better served by other and better solutions. Blockchain and crypto are intertwined and one without the other doesn't exist.
- deleted 4y ago[deleted]
- fmajid 4y agoAs a distributed database technology, the blockchain and its mediocre transactions per second are quite unimpressive. Now High-Frequency Trading is technically impressive, the ridiculous lengths they go to to shave microseconds are awe-inspiring. Too bad it's for a purpose that is almost as devoid of redeeming value to society as cryptocurrencies.
- lamontcg 4y ago> "you don't know what you're talking about, stop bashing the technology". It would be nice if any of them understood finance or just bank panics and financial contagion.
- BLKNSLVR 4y agoIt seems to be the people / groups starting companies offering cryptocurrency services that don't understand that stuff and fall into well-signposted-by-history traps. People then fall into the (equally?) well-signposted-by-history trap of thinking that any company is trustworthy.