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Lets be serious Just because your reddit or hn had non tiny amount of posts about blockchain or nft, then it does not mean that there was real and significant
by high_na_euv 2y ago
Lets be serious
Just because your reddit or hn had non tiny amount of posts about blockchain or nft, then it does not mean that there was real and significant push towards those in real world
There is huge world outside your twitters and reddits
- packetlost 2y agoWe have bitcoin ATMs in rural WI and I personally know a number of people (my own parents included) that have lost a significant amount of money to the cryptocurrency grift.
- bdndndndbve 2y agoThey talk about Bitcoin on financial news shows, which lends it a huge amount of credibility. It's like if Jim Cramer has opinions about last night's Powerball numbers.
- 8338550bff96 2y agoIf Cramer is your gold standard of credibility, then you're not so credible yourself
- some_furry 2y agoUh, that's not how I interpreted their comment. At all.
- 8338550bff96 2y agohow'd you interpret it?
- high_na_euv 2y agoThey talk about btc as financial instrument $$$$, not blockchains
- a5withtrrs 2y agoAs someone working at a very large bank. I strongly disagree. The bank spun up a new business to experiment with blockchain technology and went hard at it for several years until they recently sidelined those projects... In favour of AI The amount of internal hype across all areas of the business (especially in the tech areas of the business) with regards to AI has been frankly stunning to witness.
- VyseofArcadia 2y ago> Generate with AI? [...] WordPress is not alone in its overt participation in this consumption of binary excrement. > EA’s CEO called generative AI the “very core of our business” Yeah just little twitter and reddit things like WordPress and EA.
- high_na_euv 2y agoCompare it with AI How many orders of magnitude of difference?
- cies 2y agoA lot of people like drugs, you want small amounts shipped to you by strangers, you need crypto. I've never tried it. But I've seen people on both sides (selling+shipping and buying) do it with acceptable success rates. This is the one and only "big real world market" (not financial products, not lower tx costs, not governance issues) that crypto currency solved. Quite ingenious.
- some_furry 2y agoDon't forget ransomware payments! Cryptocurrency is also useful for ransomware payments.
- cies 2y agowhich is a fast growing business lately...
- tbrownaw 2y agoSure, the push in the real world was from the usual crowd of vendors & consultants & upper management who make buzzwords a thing. Totally unrelated to people grifting on online fora.
- leosanchez 2y agoDidn't El Salvador convert their currency to Bitcoin ? Edit: El Salvador not Al Salvador
- high_na_euv 2y agoBitcoin =/= Blockchain Just like Facebook =/= HTTP
- leosanchez 2y agoBut they did it during peak blockchain hype though.
- AnimalMuppet 2y agoEl Salvador. They at least said they were going to. I don't know if they actually did.
- felipeqq2 2y agoPartially. Legally, they use both USD and Bitcoin; but it wasn't really adopted by the population [1] (it doesn't help that they've been using USD since ~2000, which is relatively stable by latam standards). It was also much more a political endeavour by their president to promote neoliberal ideas rather than anything to do with blockchains per se. [1]: https://english.elpais.com/international/2023-09-02/two-years-of-bitcoin-in-bukeles-el-salvador-an-opaque-experiment-with-a-little-used-currency.html https://english.elpais.com/international/2023-09-02/two-year...
- kevin_nisbet 2y agoWell, my concern started to grow when two things happened: - My sister who is not in a tech field asked me how blockchain worked since she had heard about it - A server at a restaurant was describing that they help people buy their first bitcoin as a side hustle. So while every example may not permeate out of the echo chambers, there are some that are reasonably widespread.