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A comment on Resources for understanding cryptocurrency and blockchain technology.

Re:Resources for understanding cryptocurrency and blockchain... by louwrentius on Thursday April 30, 2020 @09:57AM (#23030831)
> Software is simply the encoding of human thought, and as such has an almost unbounded design space.

It's always this kind of vague, fluffy language that tells you all you need to know about all cryptocurrencies.

All these companies are trying to fluff up demand for something that is only valuable if (new) people invest.

Please Hacker News: please show me the concrete value of cryptocurrencies, I don't see them.

I only get hypothetical answers, often including paranoid delusions about governments and strange conceptions of freedom.

Cryptocurrencies seem to be an answer to a problem nobody has.

https://louwrentius.com/cryptocurrencies-are-detrimental-to-...

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Re:Resources for understanding cryptocurrency and blockchain... by michaelt on Thursday April 30, 2020 @10:03AM (#23030891)
Mail order drugs will eliminate almost all the violence from the trade in illegal drugs, while promoting computer literacy among vulnerable teens

And bitcoin will allow micropayments of a fraction of a cent, which will save journalism and music, eliminating ads, tracking and stifling bundle deals. Just as soon as someone sorts out this $0.30/transaction fee.

/s

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Re:Resources for understanding cryptocurrency and blockchain... by andrewflnr on Thursday April 30, 2020 @10:26AM (#23031120)
Not a cryptocurrency person, but I think they have value as a viable backup plan to traditional payment systems, and therefore as a check on their laziness or abuse. Competition is almost always a win for everyone.

Also I like the idea of namecoin, but haven't dug into it.

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Re:Resources for understanding cryptocurrency and blockchain... by seibelj on Thursday April 30, 2020 @12:34PM (#23032794)
You can’t print 4.5 trillion of Bitcoin like the Fed can for USD in a single month? But some would argue that’s fiat’s advantage...
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Re:Resources for understanding cryptocurrency and blockchain... by Engineer2Throw on Thursday April 30, 2020 @01:14PM (#23033297)
Non centralized currency

Timestamps

Voting

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Re:Resources for understanding cryptocurrency and blockchain... by louwrentius on Friday May 01, 2020 @06:10AM (#23040635)
what problem does this solve?
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