31–40 of 81 posts
It's mildly interesting, until you realize all the limitations with it, and then realize that the use cases are basically nil.
There's very very few use cases where you need a specific kind of trustless consensus. In fact, the end state of these systems shows that trust is still necessary in so many other ways. So no, I don't think it's actually that interesting.
The blockchain tech and distributed ledger technology is interesting. The current uses of it appear like money grabs of some kind or another. A ledger itself has zero value, it's literally the same as a checkbook register, its a tool. For example using the checkbook register as the ledger, let me describe my understanding as it relates to crypto: * I offer up a limited set of pages of a checkbook register for trade a…
My personal theory is much simple: the crowd is a bit aged here. They may try to rationalize their hate, but I think it's not about reason but people seeing crypto as "against the natural order of things": “I've come up with a set of rules that describe our reactions to technologies: 1. Anything that is in the world when you’re born is normal and ordinary and is just a natural part of the way the world works. 2. Anyt…
My personal theory is much simple: the crowd is a bit aged here. They may try to rationalize their hate, but I think it's not about reason but people seeing crypto as "against the natural order of things": “I've come up with a set of rules that describe our reactions to technologies: 1. Anything that is in the world when you’re born is normal and ordinary and is just a natural part of the way the world works. 2. Anyt…
My personal theory is much simple: the crowd is a bit aged here. They may try to rationalize their hate, but I think it's not about reason but people seeing crypto as "against the natural order of things": “I've come up with a set of rules that describe our reactions to technologies: 1. Anything that is in the world when you’re born is normal and ordinary and is just a natural part of the way the world works. 2. Anyt…
It’s mostly speculative and the ones who benefit the most are essentially criminals: Those that either want to hide their monetary activities; or hide their money.
There’s also a snake-oil aspect to it, which makes it ripe for fraud.
More down-to-eath, it steals away from the GPU supply and I imagine HN has its fair share of gamers.
Finally, there’s an old investor saying: When widows and orphans get in on the action, it’s time to get out.
My personal theory is much simple: the crowd is a bit aged here. They may try to rationalize their hate, but I think it's not about reason but people seeing crypto as "against the natural order of things": “I've come up with a set of rules that describe our reactions to technologies: 1. Anything that is in the world when you’re born is normal and ordinary and is just a natural part of the way the world works. 2. Anyt…
'Why do you like crypto? Don't answer, I already know, it's just because you're young.'
As currently set up, with proof of work, it is an environmental disaster.