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Since then, many corporations, governments, Wall St, and central banks have begun adopting public blockchains, especially Ethereum, and stablecoins.
Hacker News has been almost 100% anti-crypto/public blockchains/stablecoins for years.
In light of recent progress, has your view changed?
Just because Wall Street and Silicon Valley are still embracing blockchains, 'stablecoins' and other scammy crypto products, doesn't mean it has any legitimate usecase today or in the future.
Crypto, blockchains, stablecoins and the rest of them still cannot do better that what current system already does and is used primarily for speculative and criminal purposes.
Nothing has changed.
Wall St. and the other entities you mentioned engage in one or both of these activities. That doesn't mean we should be cheering them on.
Do you have actual examples other than companies enabling speculation or worse when they can safely take a cut? PayPal "adopted" crypto (and by extension blockchain) in the sense they will let me buy and sell for a fee. I see that as analogous to a grocery store selling cigarettes -- they haven't "adopted" or endorsed tobacco, they just sell it because they can make money.
No, my view hasn't changed. The blockchain is not useless, but as near as I can see, it's usefulness is very limited. The cryptocurrency world seems to have many more scammers in it than in the general population, making that world one that I am better off avoiding.
That corporations and etc. have begun using this technology more doesn't make me feel more positively about cryptocurrency. It makes me feel less positively about those entities that are adopting it.
yes.
when my mom is able to buy a car with BTC then I'll believe it has value.
otherwise it's just another instrument for speculation and carbon creation
I think the idea was for stablecoins to be used to sell government bonds and treasuries. Interesting use cases for digital nomads.. assessing possible geographic locations according to the strength of their stablecoins and government integration.
So it's about micropayments and making them viable and useful. That's still the 'cold fusion' of today's internet. I personally think they should be opt-in and scalable to one's generosity/means. If people are willing/able to pay for something, they should.
Blockchain just needs to be implemented better, that's all.
"Ping the AI and then charge it when it comes" is the future, quite possibly.