Re:CEO Jack Altman’s email to lattice employees
by Fuzzwah on Saturday January 14, 2023 @03:17PM
(#34383761)
Gold. Shells. Anything that people have used as money over the years.
I do not disagree that blockchain tech has a good use case. It's just that it does one thing: a distributed ledger. That's it.
Re:CEO Jack Altman’s email to lattice employees
by RestlessMind on Saturday January 14, 2023 @07:11PM
(#34385422)
"That's it" fails to capture the fact that said tech still has a collective market cap of $984B[1], after it has had precipitous drop in value over the last 12 months. Maybe, a distributed ledger for digital goods is a massively valuable tool for humanity?
"any" is going a lot of heavy lifting there.
Apart from people agreeing on value, that thing also has to be: 1. out of their governments' control (all the examples had governments gone bad), 2. easy to transfer/carry, 3. durable.
Can you please name a few alternatives if you think that's a simple problem?
Bitcoin fits the bill for those aspects. Can you name a few other "things"?