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Just for the last 5-10 years. Before, BTC was cool.

by fer 2y ago

ohashi 2y ago
Because there was naive optimism about it as a technology?
Gigachad 2y ago
Because 10+ years ago it was being used as a cool currency you could generate with your desktop GPU and buy steam games with. Now there doesn’t seem to be any use case other than hoping it goes up higher, and enabling crime.
- ozgrakkurt 2y ago
  I understand you disagree with the whole thing but blockchain has a lot of uses already. Most obvious ones are storing money or investment and transferring money. It factually works amazing for these. Assuming you believe in capitalism, people won’t put such enormous amounts of money on something if it has no use. Speculation also applies to stocks in the same way, there is no world where nvidia should be priced like this but people have some view on it and it effects the price. Same idea with blockchain, there are already use cases and it is expanding constantly. Also there is a ton of investment going into research of development of it, there is no reason why people shouldn’t invest in it by buying coins, it is factually a good investment so far if you are able to hold for long periods of time
  - throw0101d 2y ago
    > I understand you disagree with the whole thing but blockchain has a lot of uses already. Not really. NIST has a good blockchain explainer with a handy flowchart that has questions you should ask to see if blockchain is a useful solution: * PNG flowchart: https://csrc.nist.gov/CSRC/media/Projects/enhanced-distributed-ledger-technology/images-media/dlt-need.png https://csrc.nist.gov/CSRC/media/Projects/enhanced-distribut... * https://csrc.nist.gov/Projects/enhanced-distributed-ledger-technology https://csrc.nist.gov/Projects/enhanced-distributed-ledger-t... * https://www.nist.gov/blockchain https://www.nist.gov/blockchain And other things are probably a better fit for the majority of people's needs.
    - ozgrakkurt 2y ago
      Stats mean nothing when I use it every month for my savings and salary. As many people already do. I can also send money between countries very easily and cheap. I understand this can be just as easily done with banking system in more developed countries but blockchain is much better other parts of the world

Just for the last 5-10 years. Before, BTC was cool.

by fer 2y ago

Just for the last 5-10 years. Before, BTC was cool.

ohashi 2y ago

Because there was naive optimism about it as a technology?

Gigachad 2y ago

Because 10+ years ago it was being used as a cool currency you could generate with your desktop GPU and buy steam games with. Now there doesn’t seem to be any use case other than hoping it goes up higher, and enabling crime.

ozgrakkurt 2y ago
I understand you disagree with the whole thing but blockchain has a lot of uses already. Most obvious ones are storing money or investment and transferring money. It factually works amazing for these. Assuming you believe in capitalism, people won’t put such enormous amounts of money on something if it has no use. Speculation also applies to stocks in the same way, there is no world where nvidia should be priced like this but people have some view on it and it effects the price. Same idea with blockchain, there are already use cases and it is expanding constantly. Also there is a ton of investment going into research of development of it, there is no reason why people shouldn’t invest in it by buying coins, it is factually a good investment so far if you are able to hold for long periods of time
- throw0101d 2y ago
  > I understand you disagree with the whole thing but blockchain has a lot of uses already. Not really. NIST has a good blockchain explainer with a handy flowchart that has questions you should ask to see if blockchain is a useful solution: * PNG flowchart: https://csrc.nist.gov/CSRC/media/Projects/enhanced-distributed-ledger-technology/images-media/dlt-need.png https://csrc.nist.gov/CSRC/media/Projects/enhanced-distribut... * https://csrc.nist.gov/Projects/enhanced-distributed-ledger-technology https://csrc.nist.gov/Projects/enhanced-distributed-ledger-t... * https://www.nist.gov/blockchain https://www.nist.gov/blockchain And other things are probably a better fit for the majority of people's needs.
  - ozgrakkurt 2y ago
    Stats mean nothing when I use it every month for my savings and salary. As many people already do. I can also send money between countries very easily and cheap. I understand this can be just as easily done with banking system in more developed countries but blockchain is much better other parts of the world