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The aversion to blockchain and cryptocurrency is because they're a scam. There's literally no use case for crypto that makes sense. Nothing that couldn't be be
by SomeCallMeTim 3y ago
The aversion to blockchain and cryptocurrency is because they're a scam.
There's literally no use case for crypto that makes sense. Nothing that couldn't be better done without a distributed blockchain.
Blockchain is a way to set up a really slow, really limited, and hard to manage database that's hosted among multiple untrusted entities. Literally every use case would be better handled by using a single trusted database and cryptographic signatures for verification (as opposed to "crypto", which really means blockchain. I hate how words get co-opted.).
AI at least has positive uses, even if it's also being hyped well beyond its actual usefulness.
- Jamustico 3y agoEven though there are scams, Blockchain have a lot of utilities. You don't have as many scams in AI just because it doesn't involve money, but there are countless cases of people labeling stuff with "AI" or just some other shady stuff using AI to preform scams, spam and other malicious stuff. Saying that "would be better handled by using a single trusted database and cryptographic signatures for verification", is the same as saying that "AI could just be replaced with Ifs and Elses and other algorithms, and all you are doing is just optimal solutions". I'm just mocking the fact that HN seems to have the idea of "AI Good, Crypto Bad", even thought that both are just Trendy tech
- SomeCallMeTim 3y ago> Blockchain have a lot of utilities. I have yet to see a single application for blockchain that isn't better done without blockchain. Zero. None.