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"could genuinely work under certain circumstances" Ok I will be that guy. Not trolling. But after more than a decade, isn't it clear that crypto as a whole has
by codegeek 4y ago
"could genuinely work under certain circumstances"
Ok I will be that guy. Not trolling. But after more than a decade, isn't it clear that crypto as a whole has failed to live upto the promise. The idea of decentralization is awesome but doesn't work in practice especially for payments.
I am not necessarily dismissive of crypto but increasingly, it is becoming difficult to see any real practical applications. Almost everything around it is a Scam.
- bberrry 4y agoRansomware was made possible by crypto so.. uhm.. there's that.
- turblety 4y agoRansomware has been happening long before [1] crypto existed. Maybe a similar, but also ridiculous, statement would be: > Ransomware was made possible by computers so.. uhm.. there's that. 1. https://www.crowdstrike.com/cybersecurity-101/ransomware/history-of-ransomware/#:~:text=One%20of%20the%20first%20ransomware,virus%20that%20utilized%20symmetric%20cryptography https://www.crowdstrike.com/cybersecurity-101/ransomware/his....
- bberrry 4y agoSeems I hit a sore spot to provoke such a pedantic reply. Obviously the cryptography was not enabled by crypto currencies, but the possibility to accept ransom payments at scale with little risk. Are you going to argue that crypto didn't facilitate the absolute boom in ransomware we've seen the past few years? The article you link says it did.