Re:Blockchain Is Dangerous Nonsense
by ahartmetz on Thursday April 28, 2022 @05:09AM
(#31190271)
What does turn it into dangerous nonsense is the "solution looking for a problem" phenomenon, fueled by techno-libertarians and more so plain greedy people, looking for a way to justify and entrench the mostly useless technology that makes them rich.
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In the sense that it is useless for society, by extracting the collective's wealth while providing no net benefits.
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So deep. We all live in our matrix bubble
Re:Blockchain Is Dangerous Nonsense
by tsimionescu on Thursday April 28, 2022 @06:56AM
(#31191022)
By that logic, would you say that Bernie Madoff's enterprise was useful, as it made him rich?
If it makes someone rich at a high cost to others without adding any value whatsoever then it is useless.
In light of the massive energy consumption it may be worse than useless.
Re:Blockchain Is Dangerous Nonsense
by automatic6131 on Thursday April 28, 2022 @05:32AM
(#31190438)
Compare romance scams, authorise push payment fraud, and ponzi schemes.
All of these make someone rich, and all are negative sums, being in fact worse than useless.