3 ms·

It is a shame that we associate crypto with currency. The underlying technology is very useful for many things, especially with AI/ML creating so much unverifia

by makach 3y ago

It is a shame that we associate crypto with currency. The underlying technology is very useful for many things, especially with AI/ML creating so much unverifiable content. Haters going to hate.

bayindirh 3y ago
It's important to understand that the term "crypto" has moved from cryptography to non-mutable ledgers to payment systems built on top of such ledgers. Ledgers got the "blockchain" name, and cryptography got back to "cryptography". Blockchains might be useful for verification of things, but today's "crypto" is not that technology. It's the name of the "GPU Accelerated Pump and Dump Engine" for today.
Stranger43 3y ago
The blockchain might not be the best solution for most of those problems especially those that cannot be solved by traditional pgp/gpg signatures and certificates, and for those where traditional signatures work the blockchain add mostly complexity. The obvious real world use case of using blockchain to track shipping containers across modes of transport(and companies) failed late 2022 when the tradelens project was terminated(https://www.maersk.com/news/articles/2022/11/29/maersk-and-ibm-to-discontinue-tradelens https://www.maersk.com/news/articles/2022/11/29/maersk-and-i...) after at least 4 years of work by the shipping industry's largest players. And that's essentially the case everywhere people are trying to get real value from blockchain based solutions.
Nextgrid 3y ago
It’s actually the other way around. “Currency” use-cases for blockchain actually work. It’s just that adoption has plateaued because most people don’t actually have the problems that cryptocurrencies solve and are perfectly happy with fiat. On the other hand, all the other use-cases of crypto/blockchain are outright scams/frauds because of the oracle problem.

3 ms·

It is a shame that we associate crypto with currency. The underlying technology is very useful for many things, especially with AI/ML creating so much unverifia

by makach 3y ago

It is a shame that we associate crypto with currency. The underlying technology is very useful for many things, especially with AI/ML creating so much unverifiable content. Haters going to hate.

bayindirh 3y ago
It's important to understand that the term "crypto" has moved from cryptography to non-mutable ledgers to payment systems built on top of such ledgers. Ledgers got the "blockchain" name, and cryptography got back to "cryptography". Blockchains might be useful for verification of things, but today's "crypto" is not that technology. It's the name of the "GPU Accelerated Pump and Dump Engine" for today.
Stranger43 3y ago
The blockchain might not be the best solution for most of those problems especially those that cannot be solved by traditional pgp/gpg signatures and certificates, and for those where traditional signatures work the blockchain add mostly complexity. The obvious real world use case of using blockchain to track shipping containers across modes of transport(and companies) failed late 2022 when the tradelens project was terminated(https://www.maersk.com/news/articles/2022/11/29/maersk-and-ibm-to-discontinue-tradelens https://www.maersk.com/news/articles/2022/11/29/maersk-and-i...) after at least 4 years of work by the shipping industry's largest players. And that's essentially the case everywhere people are trying to get real value from blockchain based solutions.
Nextgrid 3y ago
It’s actually the other way around. “Currency” use-cases for blockchain actually work. It’s just that adoption has plateaued because most people don’t actually have the problems that cryptocurrencies solve and are perfectly happy with fiat. On the other hand, all the other use-cases of crypto/blockchain are outright scams/frauds because of the oracle problem.