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.
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.