this post was submitted on 12 Aug 2024
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[–] [email protected] 52 points 8 months ago (3 children)

I guess most people know a scam when they see one. More than I thought

[–] Zos_Kia 12 points 8 months ago (1 children)

Even if you were extremely generous and didn't factor in the scams in your analysis, the reality is that a Blockchain solves problems 99.9% of people will never face. This breaks the whole imagined model, when your product is ultra niche but relies on mass adoption for its security.

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

I still hope that it can be used to make efficient transparent democracy somehow 😂😅

[–] [email protected] 6 points 8 months ago (1 children)

Let's ignore crypto for a second...

People in the USA loose around $10.000.000.000 per year to scams according to FTC...

[–] [email protected] 11 points 8 months ago (1 children)

That number would be even higher if everyone used untraceable and non-reversible crypto transactions.

[–] [email protected] 1 points 8 months ago

That's probably true, but just to highlight this: Bitcoin is not untraceable

[–] Zos_Kia 2 points 8 months ago

Even if you were extremely generous and didn't factor in the scams in your analysis, the reality is that a Blockchain solves problems 99.9% of people will never face. This breaks the whole imagined model, when your product is ultra niche but relies on mass adoption for its security.