I think the technology itself has great potential, though capitalism using it for the worst reasons imaginable and making it as inefficient as physically possible will never show us the true potential of this technology.
Under different social structures, it could possibly be a pretty great foundation for new kinds of monetary systems
Much of historical research was seemingly useless for a very long time until some progress in unrelated fields enabled them to suddenly become very useful. I prefer to be open minded about technology, not tying it to the way its used by the current time and political system we are living in
Yeah I think since we’re on Lemmy it’s easy to think otherwise, but after spending a bit in these comments I’m noticing a shocking amount of tech illiteracy. Maybe it’s not fair to call it illiteracy for something as technical as blockchain? But it kind of reminds me of people debating about quantum physics after watching a Michio Kaku YouTube Short. Like… Y’all actually do not know what you’re talking about.
Anyways, my point is a lot of people here probably don’t even understand what blockchain is in ANY sense beyond “something for crypto which is scams”.
Well the fact that you call them speculative assets is part of the problem. Bitcoin wasn’t invented to be this, but as an alternative to centralized banking after the Subprimes crash of 2008. The creators’ intentention was very diffirent
But you’re right, I should’n be comparing it to human rights.
As a simpler example: the fediverse has huge potential but it’s disregarded virtually everywhere or simply unknown to the vast majority of people. I see it as progress nontheless.
I think the technology itself has great potential, though capitalism using it for the worst reasons imaginable and making it as inefficient as physically possible will never show us the true potential of this technology.
Under different social structures, it could possibly be a pretty great foundation for new kinds of monetary systems
It is inherently less useful than cash and basic electronic monetary transactions.
Progress is measured by what something does rather than why it could do.
Much of historical research was seemingly useless for a very long time until some progress in unrelated fields enabled them to suddenly become very useful. I prefer to be open minded about technology, not tying it to the way its used by the current time and political system we are living in
So far, crypto is a massively wasteful endeavor. It wastes extreme amounts of power while also hoarding computer hardware.
It’s a speculative asset which cannot be used for as money. It only has value as long as hype exists.
That’s literally all money
Not talking about its usage as a speculative gambling asset, I’m talking about the blockchain as a part of computer science
Yeah I think since we’re on Lemmy it’s easy to think otherwise, but after spending a bit in these comments I’m noticing a shocking amount of tech illiteracy. Maybe it’s not fair to call it illiteracy for something as technical as blockchain? But it kind of reminds me of people debating about quantum physics after watching a Michio Kaku YouTube Short. Like… Y’all actually do not know what you’re talking about.
Anyways, my point is a lot of people here probably don’t even understand what blockchain is in ANY sense beyond “something for crypto which is scams”.
Some ideas aren’t applied everywhere or at all (e.g equal rights for women in Afghanistan). Does it mean discussing them in those places is useless ?
Are you comparing human rights to speculative assets?
I’m talking about technological progress only.
Well the fact that you call them speculative assets is part of the problem. Bitcoin wasn’t invented to be this, but as an alternative to centralized banking after the Subprimes crash of 2008. The creators’ intentention was very diffirent
But you’re right, I should’n be comparing it to human rights. As a simpler example: the fediverse has huge potential but it’s disregarded virtually everywhere or simply unknown to the vast majority of people. I see it as progress nontheless.