“… it’s not secure, it’s not safe, it’s not reliable, it’s not trustworthy, it’s not even decentralized, it’s not anonymous, it’s helping destroy the planet. I haven’t found one positive use. For blockchain, it was nothing that couldn’t be done better without it.”

—Bruce Schneier, Bruce Schneier on the Crypto/Blockchain Disaster

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

If you can't find a use case that it's better than something else you're being disingenuous. Stupid comment.

Even a tennis racquet with no strings is better than one with, at something. Eg being a necklace.

[–] [email protected] 8 points 1 year ago (3 children)

What are you even trying to say? I am still trying to find something actually useful where blockchain is necessary that doesn't spend as much energy as a small country. Every 'explanation' of why I should adopt this tech for my project/business/government/younameit is intransparent as heck. Lots of hot air, especially emanating from all those data centers. Fuck blockchain and AI.

[–] [email protected] 5 points 1 year ago

it’s a solution looking for a problem – in the case of blockchain, the problem was how to fill my pockets with your money …

[–] [email protected] 2 points 1 year ago

Circumventing banking regulations or embargoes etc.

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

You're obviously not looking, since Ethereum the 2nd largest blockchain does not use mining ie no data Center needed.

Transparent is actually what blockchain is good at, it's codified contracts, now go read your banking statement and your contract and tell me how transparent it is why your money does not hit your account instantly and what banks do with it in the meantime. How about remitences, why do you have to pay such a large fee to send money over border? Yes bank has to make money you say, ok how about a blockchain that sinks the fees under 10c and that money has to make goes back to the operators of the network, transparently.

Yes you're getting instant transfers now after 10 years of waiting, because blockchain is making banks look slow and exposing their tricks.

Not gonna go further as blockchain haters usually have 2 eyes closed and love that they hate it and tell every one that they do, proudly, uncapable of having their minds changed. Which is fine, they will just be left in their old world view whilst people who adopt new technologies get on with creating value for the world and evolving to take on new challenges.

Get off the internet if you don't like datacenters and technology.

[–] [email protected] 5 points 1 year ago (1 children)

Get off the internet if you don’t like datacenters and technology.

Non-haters don't care about the differences between datacenters, technology and blockchain. They want M.O.R.E. T.E.C.H. because it's new and shiny. ;)

I do understand my banking statement, and even most of the fees I'm paying or my account. I don't really understand what happens in a blockchain. If you can explain it to me like I'm 5 maybe I'd be more likely to adopt the technology. I've heard rumours that it's really just a glorified database - if that is true, what's the difference between databases we already have, and this new fancy kind?