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It’s been 15 years and they’ve cycled through quite a few alleged usecases without ever arriving at one that’s convincing. But the incentives are in place to
by elgenie 3y ago
It’s been 15 years and they’ve cycled through quite a few alleged usecases without ever arriving at one that’s convincing.
But the incentives are in place to keep the search going for quite a long time, even if it’s mostly aimed at unlocking supplies of greater fools.
- WheelsAtLarge 3y agoIt took paper money hundreds of years before a use case was found. 15 years is very short for a new technology. I suspect that the generation that comes of age after its creation will find a use. My guess is that after 2028 we will start to see the true use cases. In any case, they are not going away. One case that's happening now, which is very useful, is the burning of stray methane to create bitcoins. Companies are creating bitcoin rigs that can be placed near wellheads that are spewing methane into the environment since there is no profitable way to stop it or use the fuel. Bitcoin is the way to use the fuel that's being released into the atmosphere.