Re:Yes, Crypto Is All a Scam
by ghostpepper on Tuesday February 07, 2023 @10:28AM
(#34694024)
Surely you're not claiming that inferior tech has never won in all of history?
Re:Yes, Crypto Is All a Scam
by 411111111111111 on Tuesday February 07, 2023 @11:18AM
(#34694692)
It happens, but generally only if the marketing of the weaker technology won out while both technologies were still growing.
This is not that kind of situation, the crypto hype train derailed ages ago and only one country attempted to switch to a crypto currency, which predictably ended in a disaster and turned out to be a money laundering scheme of the person that was driving the initiative.
No chance in hell. The only sustained market this technology has are illegal transactions/black market.
To begin with: a regulated Blockchain is an oxymoron. The technology ceases to have any meaning if the government has the ability to regulate the chain. They'd be able be more effective with regular acid databases and certificates for the web of trust, like they've been doing for a very long time now. You be combining the downsides of Blockchain with the downsides of traditional banking, gaining only the weaknesses of both.