I am still not persuaded that bitcoin itself will be more than a launchpad, but do believe that one of the technologies used in bitcoin, the blockchain, is destined for greatness.Time for a mea culpa. Bitcoin has operated for over 10 years. Ethereum almost as long. There are now thousands of crypto projects and the blockchain hasn't really solved anything that centralized computing couldn't do better. But it is much, much, worse than that because crypto consumes so much energy, and produces nothing useful, it is a blight on the economy and the world. It causes environmental harm. It doesn't work as a currency for a variety of reasons. It doesn't work for anything as far as I can tell. The entire space is unregulated and rife with scams, ponzis, and "rug pulls".
My stance is no longer a believer in the possibilities of the tech, but as a belligerent to the harms caused, now and in the future.
No comments:
Post a Comment