Meh I think the decentralization is a pretty nice use case actually. It’s great that no one can shut it down and no centralized entity can just decide that your money is gone now (for cryptocurrencies).
Look at Monero. Since it’s almost impossible to track governments are actually trying to ban it but they can’t shut it down because anyone can just spin up a node and there’s nothing any government can do about it except banning it from exchanges. I think that’s pretty neat, although the environmental cost for this technology together with LLMs are absolutely crazy
My SO has long rants about blockchain and the people who think it is useful. My own, completely non-technical, criticism is “so you’re saying privacy is enhanced by putting every transaction ever onto a permanent, unalterable public ledger?”
Blockchain. I’ve always seen it as a solution looking g for a problem. And I’m a 12+ experienced software developer now.
Meh I think the decentralization is a pretty nice use case actually. It’s great that no one can shut it down and no centralized entity can just decide that your money is gone now (for cryptocurrencies).
Look at Monero. Since it’s almost impossible to track governments are actually trying to ban it but they can’t shut it down because anyone can just spin up a node and there’s nothing any government can do about it except banning it from exchanges. I think that’s pretty neat, although the environmental cost for this technology together with LLMs are absolutely crazy
My SO has long rants about blockchain and the people who think it is useful. My own, completely non-technical, criticism is “so you’re saying privacy is enhanced by putting every transaction ever onto a permanent, unalterable public ledger?”
The only real use for the block chain is tracking stocks to prevent illegal shortselling.
So it will never ever ever get used for that purpose.
Obligatory fuck citadel.