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A comment on It's time for us in the tech world to speak out about cryptocurrency. Parent comment

Re:It's time for us in the tech world to speak out about cry... by floatboth on Sunday May 30, 2021 @08:09PM (#27338363)
"Smart contracts" (public finance bots) are basically Ponzi-as-a-Service. Someone launched an explicit "PonziCoin" on ETH even.

"It's just overtaken" is not a great take. The problems are way more fundamental – the whole concept of trustless irreversible digital cash just does not work in the real world for normal transactions.

[ Parent | on HN ]
Re:It's time for us in the tech world to speak out about cry... by ahallock on Sunday May 30, 2021 @08:37PM (#27338549)
> Someone launched an explicit "PonziCoin" on ETH even

Lots of meme coins have launched -- does not delegitimize everything else.

> ...whole concept of trustless irreversible digital cash just does not work in the real world for normal transactions

Layers will be built on top to provide that. Your vision is limited.

[ Parent | on HN ]