4 ms·

Carbon emissions aside, crypto is not mostly over. Saying crypto is over right now is like saying the internet was over in 2001.

morelisp 4y ago
The internet was mostly over in 2001. Of all the parts we really only kept the web, and even that is just a shell for ads now.
- nine_k 4y ago
  Well, no. Bittorent is not web, and it is huge. IMs are not web, and they are ubiquitous. Same with internet phone and video communication, which is mostly not web, even though it can be adapted to running in a browser. Multiplayer gaming is most.definitely not web, and it's quite popular. None of the above is esoteric; it's used by tens of millions to billions of people. Of course the browser has eaten a lot, but there are still large pockets if the internet where it's not really adequate.
- monstertank 4y ago
  What do you mean mostly over? It's used to run the entire planet these days...how is that over? What am I missing in your comment?
- cafard 4y ago
  Has AWS heard this?
  - morelisp 4y ago
    A particularly poignant example given that it's AWS and not AIS...
senttoschool 4y ago
People need to stop comparing crypto to the internet. By 2001, there were many many clear internet uses cases that benefit society. Crypto has not demonstrated that since its inception. At a time when technology improves and moves at lightning paces, crypto still hasn't proven itself to be useful in society in 15 years. In fact, it's proven to be the opposite of useful - it drains talent and promotes scams and ponzis. I see crypto as a disease.
- monstertank 4y ago
  No use case? Isn't it extremely useful for money laundering, organized crime fund storage and other criminal uses where cash was previously used?
  - senttoschool 4y ago
    "use cases that benefit society". I've also written extensively on HN on how the only use cases for crypto right now is money laundering, easily creating scams, ponzis, rug pulls, and unregistered securities. These use cases do not benefit society.
  - shortrounddev 4y ago
    I work in the legal cannabis industry and the only legit use of crypto I know of is for transactions for otherwise cash-only dispensaries.
  - lern_too_spel 4y ago
    Only due to current underregulation. Once those regulations come, those use cases will be more expensive than alternatives also.
- frbaug 4y ago
  Crypto is life saving in countries with unstable currencies/bad governments
  - olivermuty 4y ago
    Yes, the Venezuelan venture into Bitcoin has been a massive success eh? (Haha)
    - SilasX 4y ago
      You're thinking of El Salvador, and a different use case (legal tender with government incentives), which has indeed been ridiculed as a failure. The parent was referring to ordinary people using cryptocurrency without official backing, such as in Venezuela, which has indeed been a success for its intended purpose. If you're going to come in with a smug attitude, it's more important than usual to get your facts right. And not get Latin American countries mixed up.

morelisp 4y ago

The internet was mostly over in 2001. Of all the parts we really only kept the web, and even that is just a shell for ads now.

nine_k 4y ago
Well, no. Bittorent is not web, and it is huge. IMs are not web, and they are ubiquitous. Same with internet phone and video communication, which is mostly not web, even though it can be adapted to running in a browser. Multiplayer gaming is most.definitely not web, and it's quite popular. None of the above is esoteric; it's used by tens of millions to billions of people. Of course the browser has eaten a lot, but there are still large pockets if the internet where it's not really adequate.
monstertank 4y ago
What do you mean mostly over? It's used to run the entire planet these days...how is that over? What am I missing in your comment?
cafard 4y ago
Has AWS heard this?
- morelisp 4y ago
  A particularly poignant example given that it's AWS and not AIS...

senttoschool 4y ago

People need to stop comparing crypto to the internet. By 2001, there were many many clear internet uses cases that benefit society. Crypto has not demonstrated that since its inception. At a time when technology improves and moves at lightning paces, crypto still hasn't proven itself to be useful in society in 15 years. In fact, it's proven to be the opposite of useful - it drains talent and promotes scams and ponzis. I see crypto as a disease.

monstertank 4y ago
No use case? Isn't it extremely useful for money laundering, organized crime fund storage and other criminal uses where cash was previously used?
- senttoschool 4y ago
  "use cases that benefit society". I've also written extensively on HN on how the only use cases for crypto right now is money laundering, easily creating scams, ponzis, rug pulls, and unregistered securities. These use cases do not benefit society.
- shortrounddev 4y ago
  I work in the legal cannabis industry and the only legit use of crypto I know of is for transactions for otherwise cash-only dispensaries.
- lern_too_spel 4y ago
  Only due to current underregulation. Once those regulations come, those use cases will be more expensive than alternatives also.
frbaug 4y ago
Crypto is life saving in countries with unstable currencies/bad governments
- olivermuty 4y ago
  Yes, the Venezuelan venture into Bitcoin has been a massive success eh? (Haha)
  - SilasX 4y ago
    You're thinking of El Salvador, and a different use case (legal tender with government incentives), which has indeed been ridiculed as a failure. The parent was referring to ordinary people using cryptocurrency without official backing, such as in Venezuela, which has indeed been a success for its intended purpose. If you're going to come in with a smug attitude, it's more important than usual to get your facts right. And not get Latin American countries mixed up.