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this post was submitted on 03 Feb 2025
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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I distinctly recall a lot of people a few years ago parroting some variation of "well I don't know about Bitcoin specifically, but blockchain itself is probably going to be important and even revolutionary as a technology" and sometimesI wish I'd collected receipts to say "I told you it's not".
Here we are, year of Nakamoto 17 and the full list of use cases for blockchains is:
And no, Git is not a fucking blockchain. Much like the New York City Subway is not the fucking Loop.
so what you're saying is, next year a whole lot of these guys are suddenly going to lose interest
you forgot sanctions evasion, volunteering as a liquidity pool for iranian laundromat, and north korean ransomware
Ok, maybe cryptocurrencies made those a little bit easier than doing the same thing with MMO money or having to mail physical goods. I can even go out on a limb and credit the blockchain itself for them, even though the design kind of makes transactions inherently more traceable than some possible aleternatives do.
The rise of ransomware and cryptocurrencies sadly are linked.
I know, that's why I'm giving them this one.
Sorry, misread your tone.
No worries. I do agree ransomware industry might not have taken off or at least might have taken off a lot slower if the victims had to make a gold mule video game character or mail cash or precious metals through seedy relay addresses to pay the ransom. So I'll habe to credit cryptocurrency, if not necessarily blockchain per se, for that dubious achievement.
Yeah good point on the blockchain tech split vs actual cryptocurrencies. Esp considering the stories some of the exchanges basically did away with the blockchain for internal trades.
there are always swiss banks and abu dhabi charities