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cross-posted from: https://beehaw.org/post/889318

I'm going to keep this short but I just fell down the rabbithole of crypto again and maybe it isn't as bad as I thought. Many of their ideas are very similar to the fediverse's. The idea of decentralized finance using a stablecoin sounds awesome to me. (though i'd much prefer to live in a world where money isn't needed) Maybe the technology is actually good but the techbros and scammers ruin it with their false promises and complicated words. Hopefully, in a few years after the rest of those scammers have moved on to scamming with AI this tech could be truly used for meaningful purposes.

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[-] nromdotcom@beehaw.org 1 points 3 years ago

Cryptobros aren't the only problem with cryptocurrency or blockchain. I'm still waiting for someone to tell me a useful and viable use case for blockchain that isn't needlessly wasteful vs a more naive form of decentralization or better served by a centralized function.

I know some folks are using blockchain for supply chain tracking, and that seems pretty cool and like a good use for it. But I'm not deep into that world so I'm not informed enough to know if that is the best solution vs something like a more naive PKI system if they need to verify things.

this post was submitted on 30 Jun 2023
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