Crypto firm BlockFi files for bankruptcy as FTX fallout spreads

Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by Stranger43 on Monday November 28, 2022 @12:45PM (#33776761)

And yet their fundamental lack of functional economic theory means that all of that is currently being completely wasted on crypto projects that's often little more then window dressing for what is basically very unimaginative financial scams.

There is probably scenario's where a temporary blockchain can solve some synchronization issues but the idea that a single static blockchain will replace traditional dynamic structures for organizing the economy is basically not viable.

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Re:Crypto firm BlockFi files for bankruptcy as FTX fallout s... by iskander on Monday November 28, 2022 @01:19PM (#33777302)

I think you'll see the ZK stuff used increasingly for non-financial applications, it's a legitimately novel and powerful area of mathematical primitives for verifiable computation. FHE is also very cool and just starting to be usable for privacy preserving ML.

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