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Illegal transactions and money laundering isn't going to disappear. A generation of engineers obsessed with crypto will not suddenly stop caring even if a bunc
by fullshark 4y ago
Illegal transactions and money laundering isn't going to disappear. A generation of engineers obsessed with crypto will not suddenly stop caring even if a bunch of coins go to zero. The potential prize (control of a global currency/commodity) at the cost of just writing a bunch of code is too potentially lucrative to make people stop trying.
- Animats 4y agoMaybe, maybe not. Anyone still working on 3D TV?
- HPMOR 4y agoYes, I believe Meta is and they rebranded it to VR.
- doliveira 4y agoCrypto was much more legitimate when it was used just for illegal transactions. But it was not the "not your wallet, not your coins" folk that made valuation skyrocket, it was these scams.
- hiq 4y ago> A generation of engineers obsessed with crypto I think most of these engineers are interested in the high compensation that the blockchain space has been able to offer so far. If high compensations disappear, I suspect engineers will switch too.
- acdha 4y agoWhen speculators were pouring billions into the field, it wasn’t a surprise that a lot of engineers went after high pay checks and the chance of even greater returns on speculative vehicles. The easy money drying up is going to shrink their number a lot, however – especially since the traditional finance sector is building the things people actually use. The number of people using inappropriate architectures is going to plummet when there isn’t a personal financial incentive from their use.