21–30 of 225 posts
XMPP, bittorrent, now blockchain. All 3 have the same thing in common that they had high hopes of creating a distributed alternative future for their paradigm. The first 2 fizzled into mostly fringe usage. I guess we'll have to wait and see if blockchain follows the same path, but seems to be going that way
Whomever wrote this is quite late to the anti-crypto "helpful PSA" grift.
> Blockchain is the greatest technological fraud of the last decade. A fraud so simple, so ridiculous and yet so brilliant, it's taken in even some genuine experts in its thrall of empty hype and false promises. On top of this fraud sits the even greater fraud of Bitcoin and cryptocurrencies, which are nothing more than unregulated, unlicensed, wild west securities. They are functionally useless as currencies outside…
But most of it seems at least arguably in the ballpark. If you really believe it's all "demonstrably objectively false" that should be pretty easy to demonstrate, so feel free to expand. Unless you're mainly aiming to "signal to your tribe"?
XMPP, bittorrent, now blockchain. All 3 have the same thing in common that they had high hopes of creating a distributed alternative future for their paradigm. The first 2 fizzled into mostly fringe usage. I guess we'll have to wait and see if blockchain follows the same path, but seems to be going that way
Torrents are still going strong and quite useful if you need (say) a movie or TV show that's legally unobtainable in your country.
XMPP, bittorrent, now blockchain. All 3 have the same thing in common that they had high hopes of creating a distributed alternative future for their paradigm. The first 2 fizzled into mostly fringe usage. I guess we'll have to wait and see if blockchain follows the same path, but seems to be going that way
Torrents are still going strong and quite useful if you need (say) a movie or TV show that's legally unobtainable in your country.
Earlier quoted context omitted.
Like a 401k?
Wait I might be out of the loop here, why's the 401(k) a con?
Can I agree with him about everything with the exception of Bitcoin? It’s less illegitimate than central banking.
From my perspective it's just changing one set of monetary system problems for another set of technical and resource use problems, which IMO is not a step forward.
> Do you have any problem buying airline tickets now? Do airlines have any problem selling them to you? Of course not; this process is already efficient and optimal. I don’t know about optimal, there are middlemen everywhere.