Re:In defense of cryptocurrency
by cy_overlord on Friday June 10, 2022 @11:48PM
(#31701744)
An opportunity to do things differently. The Internet today have flaws and we had exhausted all the possible way to build a better one on existing technology.
Blockchain present us with a new way to coordinate online activities and transactions. It's the right path forward? We don't know, at least not until we exhaust all the possible options and therein lies a lot of opportunities for technical breakthroughs that could possible solve all the concerns we had, technically.
> An opportunity to do things differently. The Internet today have flaws and we had exhausted all the possible way to build a better one on existing technology.
Demagoguery
> Blockchain present us with a new way to coordinate online activities and transactions.
No it doesn't. Blockchain is a distributed spend-only log. There are very few if any applications for it.
> therein lies a lot of opportunities for technical breakthroughs that could possible solve all the concerns we had, technically.
Yeah, yeah, magical blockchain will solve all the issues, we just have to believe hard enough.
There are ponies and magical unicorns that grant you wishes.
> Abstraction layers will be built.
And those abstractions will definitely be built and will be different from any existing ones because? And once again we will have to trust people building them that they are built correctly.
> I'm excited about innovative opportunities that it enabled.
And those innovative opportunities are what exactly?