4 ms·

Brother go to something like r/cryptocurrency to see people trying to justify the real utility... I am not a crypto advocate but there are definitely a lot of

Brother go to something like r/cryptocurrency to see people trying to justify the real utility... I am not a crypto advocate but there are definitely a lot of similarities. The only One thing I can respect Sam Altman for is the line that he said about bubbles and "When bubbles happen, smart people get overexcited about a kernel of truth,” This is the similarity... Both had some use cases, one might have more and the other but we are being so overexcited, I think being forced to be overexcited about this tech

ChrisMarshallNY 1y ago
Oh, there’s going to be some heavy-duty snake oil, but I can say that I’ve already found it quite useful, in its current, larval state. I just haven’t found it to be a “game changer,” for me, yet. That said, I am not really an industrial-scale user.
Terr_ 1y ago
> see people trying to justify Tangential pet-peeve: "That's fixed with private blockchain", which is the equivalent of "That's fixed with Segways that have a second set of wheels and the self-balancing is disabled." There's a bunch of people busy reinventing decades-old old tech/accounting, either because they never bothered to learn what was actually new about "blockchain", or because they can't bear to admit that the new stuff wasn't really good/necessary. ________ [Edit] To digress into specifics, the characteristic that sets "Blockchain" apart from what we already had (distributed databases, Merkle trees etc.) is fulfilling a product requirement: That node-membership is distributed and uncontrollable. That's what causes a cascade of anti-abuse features. But outside of wild-west cryptocurrency, that usually isn't necessary, nor even desirable when you consider the rest of the cycle-burning baggage and complexity that comes with it.

4 ms·

Brother go to something like r/cryptocurrency to see people trying to justify the real utility... I am not a crypto advocate but there are definitely a lot of

by Imustaskforhelp 1y ago

ChrisMarshallNY 1y ago
Oh, there’s going to be some heavy-duty snake oil, but I can say that I’ve already found it quite useful, in its current, larval state. I just haven’t found it to be a “game changer,” for me, yet. That said, I am not really an industrial-scale user.
Terr_ 1y ago
> see people trying to justify Tangential pet-peeve: "That's fixed with private blockchain", which is the equivalent of "That's fixed with Segways that have a second set of wheels and the self-balancing is disabled." There's a bunch of people busy reinventing decades-old old tech/accounting, either because they never bothered to learn what was actually new about "blockchain", or because they can't bear to admit that the new stuff wasn't really good/necessary. ________ [Edit] To digress into specifics, the characteristic that sets "Blockchain" apart from what we already had (distributed databases, Merkle trees etc.) is fulfilling a product requirement: That node-membership is distributed and uncontrollable. That's what causes a cascade of anti-abuse features. But outside of wild-west cryptocurrency, that usually isn't necessary, nor even desirable when you consider the rest of the cycle-burning baggage and complexity that comes with it.