this post was submitted on 02 Oct 2024
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Nobody has been able to properly explain to me any actual use-case for blockchain. The most common example people try to use is smart contracts. You know, because contract signing before was this cumbersome process that is only improved if a global network of computers all agree that the contract was signed.
Drugs(silk road), scams&malware(pay 5 Bitcoin to unlock PC), money laundering&pump dump (unregulated market), and Nvidia hype (should have bought amd at 5$)
"we ran out of useful things to do with computing at the consumer level and now we are inventing problems" - "just bill'em" gates, 1984.