Re:Tell HN: We have a responsibility to speak out against bl...
by smoldesu on Friday January 28, 2022 @04:45PM
(#30120790)
The blockchain is fine though. That's like trying to tell people to stop using linked lists or object-orientation; you're trying to disseminate a technical detail for an audience that doesn't understand nor care.
The modern crypto market is a disaster because cryptocurrency is a fiat, not a security or trading asset. People insist on it being the new gold though, so it's weaknesses are exploited and people get scammed left right and center. It's not surprising that when you abuse technology, bad things happen; it's put us in a situation where we're desperately trying to make these platforms safe for purposes they were never intended to fill. Of course there are going to be problems.
Even though I think NFTs are gaudy wastes of time, and Bitcoin is an inside joke for long-running IRC chats, I don't really care that much if the concept of a blockchain lives or dies. If anything, I'm glad that the recent publicity has gotten people to care about actually interesting and meaningful technology like IPFS and hashing algos.
Regardless of what any of us say, do or express, the blockchain is explicitly designed to keep on trucking. There's nothing you can do now, the only "ethical" way out is to ignore it and hope that your silence on the topic encourages other people to stop using it too. In the meantime, new technology is going to continue to be new, and gulliable individuals will continue to be scammed anywhere they choose to put their wallet on the line. There really is nothing new under the sun; not Bitcoin, not the blockchain, and certainly not scamming people online.
The modern crypto market is a disaster because cryptocurrency is a fiat, not a security or trading asset. People insist on it being the new gold though, so it's weaknesses are exploited and people get scammed left right and center. It's not surprising that when you abuse technology, bad things happen; it's put us in a situation where we're desperately trying to make these platforms safe for purposes they were never intended to fill. Of course there are going to be problems.
Even though I think NFTs are gaudy wastes of time, and Bitcoin is an inside joke for long-running IRC chats, I don't really care that much if the concept of a blockchain lives or dies. If anything, I'm glad that the recent publicity has gotten people to care about actually interesting and meaningful technology like IPFS and hashing algos.
Regardless of what any of us say, do or express, the blockchain is explicitly designed to keep on trucking. There's nothing you can do now, the only "ethical" way out is to ignore it and hope that your silence on the topic encourages other people to stop using it too. In the meantime, new technology is going to continue to be new, and gulliable individuals will continue to be scammed anywhere they choose to put their wallet on the line. There really is nothing new under the sun; not Bitcoin, not the blockchain, and certainly not scamming people online.