Much the same as blockchain - it could have been exciting and fun, but it was immediately put to work to exploit people, and in the end that’s what the tools effectively were.
You’d be surprised how valuable these technologies can be when they’re not only being developed to create new financialized services to overcharge people for. Manufacturing and shipping has huge capital and logistic buffers created by information gaps, production shortfalls, fraud, etcetera, and cryptographic ledgers are excellent for ensuring accurate production and inventory information is relayed to clients in realtime. What’s more, it has the potential to mediate international transactions without relying on Swift or global banking institutions that are an extension of US authority.
Notice how nothing I said was about fucking NFTs. The western financial system completely lost the plot doing super cocaine and became convinced they could just ask the rest of the world to stay slaves forever. They don’t even care about its potential! They want TrumpCoin.
Yeah, and if it weren’t for the techbro nonsense, it would be tossed onto the pile of mathematical curios that don’t have nontrivial uses.
The thing is - we often do find uses for those curiosities years later.
In the mean time, I wouldn’t mind if a decentralized video game came along where game assets were decentralized, distributed by bittorrent, and player assets were decentralized and tracked by blockchain.
Much the same as blockchain - it could have been exciting and fun, but it was immediately put to work to exploit people, and in the end that’s what the tools effectively were.
I don’t think blockchain has any legitimate uses. All of the proposed uses for blockchain are all tech bro nonsense.
I think they were talking about having a decentralised property permits. As if that’s something that would be even remotely useful.
You’d be surprised how valuable these technologies can be when they’re not only being developed to create new financialized services to overcharge people for. Manufacturing and shipping has huge capital and logistic buffers created by information gaps, production shortfalls, fraud, etcetera, and cryptographic ledgers are excellent for ensuring accurate production and inventory information is relayed to clients in realtime. What’s more, it has the potential to mediate international transactions without relying on Swift or global banking institutions that are an extension of US authority.
Notice how nothing I said was about fucking NFTs. The western financial system completely lost the plot doing super cocaine and became convinced they could just ask the rest of the world to stay slaves forever. They don’t even care about its potential! They want TrumpCoin.
Yeah, and if it weren’t for the techbro nonsense, it would be tossed onto the pile of mathematical curios that don’t have nontrivial uses.
The thing is - we often do find uses for those curiosities years later.
In the mean time, I wouldn’t mind if a decentralized video game came along where game assets were decentralized, distributed by bittorrent, and player assets were decentralized and tracked by blockchain.