Blockchain is not only crappy technology but a bad vision for the future

Re:Blockchain is not only crappy technology but a bad vision... by ren_engineer on Tuesday January 18, 2022 @08:26AM (#29978675)

for context this article is from 2018 when Bitcoin was crashing, author was obviously trying to dunk of the crypto community at the time. The entire crypto market is now over 5X larger since he wrote this. Author is also the founder of a traditional FinTech company with 68M raised, so he has obvious bias

https://www.crunchbase.com/organization/true-link-financial

most of his complaints about crypto being hard to use could easily be applied to the internet, cell phones, and computers in their early days. Almost all technology starts off with a niche community that is often mocked before it improves and becomes mainstream. Crypto gets even more hate because people who think they are smart are seething about missing the train and the cognitive dissonance demands that they write off the entire industry as useless

[ Parent | on HN ]

Re:Blockchain is not only crappy technology but a bad vision... by DebtDeflation on Tuesday January 18, 2022 @08:39AM (#29978840)

>The entire crypto market is now over 5X larger

On what basis? Certainly not on the basis of volume of transactions used to purchase goods and services in the real economy. Nor on the basis of adoption of other use cases for smart contracts, supply chain provenance tracking, etc. I assume you mean on the basis of trading volumes and market caps, which are completely irrelevant.

[ Parent | on HN ]