Re:Genesis Filed for Bankruptcy
by rollcat on Friday January 20, 2023 @05:54AM
(#34451333)
As a "crypto skeptic", no it's not a paradise. People buying this were still fooled and lost money, people who built this are having their work erased. You can disapprove of a technological/social trend and still feel empathy for the people who are negatively affected.
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At this point neither the "investors" nor the people builing those systems can claim plausible deniability.
Nothing good has ever come out of crypto/blockchain, it's all just scams left an right.
I have no doubt they "knew" it was coming. It takes a combination of committed greed, delusion, gullibility, and short-sightedness to still keep going despite that. That these traits are common enough for this phenomenon to achieve such scale is what's worrying me.
So no, not a paradise.
Git seems to be quite a good tool, and it's a blockchain.
Git is a blockchain in the same manner that a smoke detector (which utilises radioactive isotopes) is the bomb that dropped on Hiroshima. Except git (2005) -and Perforce (1995), which it was designed to replace - also happen to predate Bitcoin (2009) and Hashcash (2002).