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Re:Crypto Market Roiled by New Allegations Against Tether, B... by asenna on Friday April 26, 2019 @12:10AM (#19754809)
This quite an ignorant comment. I've been working with Blockchain tech (Crypto by extension) for a while now and there's a lot of experimenting, genuine projects being built right now. A lot of smart people are in this space building solutions. Major companies like Samsung / Facebook have teams working on PoCs.

Unfair to imply that everyone in Crypto is selling snake oil.

Re:Crypto Market Roiled by New Allegations Against Tether, B... by hocuspocus on Friday April 26, 2019 @05:21AM (#19755855)
> Major companies like Samsung / Facebook have teams working on PoCs.

Samsung has entire teams working on PoCs for just about anything. Including a lot of terrible ideas that end up in the trash (I personally worked on some of them :)

Facebook wanting to enter payments and money transfers through Whatsapp makes a lot of sense. But the fact it might be backed by some internal and centralized stablecoin is completely irrelevant to end-users.

Re:Crypto Market Roiled by New Allegations Against Tether, B... by lalaland1125 on Friday April 26, 2019 @01:24AM (#19755046)
> Unfair to imply that everyone in Crypto is selling snake oil.

So, who isn't? Look throughout the blockchain ecosystem and all you will see are scams, illegal activity and get rich quick fools. I have personally yet to see a use of blockchain tech for useful legal purposes. Yes, you will see some companies "announce" that they are "investigating" blockchain or whatnot to get some free PR, but you don't ever see them actually release anything useful.

(I fully accept that blockchain has revitalized criminal enterprises such as child pornography, extortion, and Ponzi schemes, but I don't see any reason to celebrate that).

Re:Crypto Market Roiled by New Allegations Against Tether, B... by tim333 on Friday April 26, 2019 @07:18AM (#19756307)
There seems to be a real project afoot with the Depository Trust & Clearing Corp but I'll give you that a) it hasn't released and b) they could probably do the same with MySQL https://www.forbes.com/sites/michaeldelcastillo/2019/04/16/b...

It is hard finding legal and useful. There's a lot of legal but not that great like gambling.

Re:Crypto Market Roiled by New Allegations Against Tether, B... by deveac on Friday April 26, 2019 @02:00PM (#19760216)
So, who isn't? Look throughout the blockchain ecosystem and all you will see are scams, illegal activity and get rich quick fools.

A tiny fraction of companies in the blockchain ecosystem:

Pfizer, Fidelity, Microsoft, Rutgers University, T-Mobile, National Bank of Canada, John Hancock Life Insurance, J.P. Morgan Chase Bank, Ernst and Young.

If all you are able to see when you look at blockchain engineers are scammers, lawbreakers, and "get rich quick" fools, I'll humbly suggest that you haven't really been looking.