Blockchain: the wave of the future : memes

[-] ComradeKhoumrag@infosec.pub 30 points 9 months ago

Capitalism rejects solutions to climate change as well

[-] grue@lemmy.world 24 points 9 months ago

To be fair, there are plenty of other reasons capitalism might have rejected blockchain: market failure, interference by government, etc.

I'm not saying that to defend cryptocurrency, by the way, but rather to point out that capitalism isn't perfect at allocating resources in every situation.

[-] tryptaminev@feddit.de 16 points 9 months ago

capitalism is generally terrible at allocating ressources. It will always win to externalize costs, and if the people footing the bill cannot participate in the market, like for instance future generations, the result is always a self destructive system.

[-] Katana314@lemmy.world 1 points 9 months ago

Isn’t one of its goals to be free from government influence? That’s not a valid excuse.

[-] grue@lemmy.world 6 points 9 months ago

Blockchain is just a technology. It doesn't have "goals."

[-] tryptaminev@feddit.de 2 points 9 months ago

If a government explicitly blocks it and tries to find and punish trading off or in cryptocurrencies that will cause interference.

that is talking about blockchain as a technology for cryptocurrencies.

[+] parpol@programming.dev 8 points 9 months ago

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[-] ChairmanMeow@programming.dev 6 points 9 months ago

They put money in Bitcoin, but not the tech behind it. To them it's just stocks to be manipulated in order to get a profit.

[-] TropicalDingdong@lemmy.world 2 points 9 months ago

Bitcoin had its official ETF approved and started the other week and Ethereum is soon to follow. so I would say capitalism is very much not rejecting blockchain technology. Didn’t blackrock and other giants put a ton in?

Right?

Also, look at its price. It dipped, and came right back.

If anything, the financial consensus around this is exactly the opposite of what was being presented.

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