Chronotope’s avatarChronotope’s Twitter Archive—№ 94,082

                      1. The more I read about cryptocurrencies the more it sounds like a clever engineer's toy project for friends that got blown up out of control.
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                    1. …in reply to @Chronotope
                      As far as I can tell, none of the schemes involving using cryptocurrency In The Style Of Money have accounted for the idea that humans have other motivations besides Make More Money For Myself.
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                  1. …in reply to @Chronotope
                    It's all so short-sighted
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                1. …in reply to @Chronotope
                  There are conceivably interesting and useful things to do with Blockchain. Just none of them are get rich quick schemes or involve Taking Down The Fed (or whatever it is they claim they want to do). And 50% of the time they're better done with NoSQL.
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              1. …in reply to @Chronotope
                & the idea that somehow cryptocurrency is the transaction methodology of the post-state future, able to be used after the fall of the US or something is as foolhardy as saving gold bricks. The infrastructure will no longer exist to use bitcoin and also we will be using barter.
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            1. …in reply to @Chronotope
              You would be better off saving bottlecaps because that is equally likely to be the post-state currency.
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          1. …in reply to @Chronotope
            Also... are there any cryptocurrencies that aren't just riddled with bugs & potential exploits? The problem w/optimistic engineering is most people enjoy breaking the system. You're going to be mentally papering up a whole chunk of bad practices only to have them pop out later.
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        1. …in reply to @Chronotope
          A fun thought experiment for blockchain projects is: would this more easily be accomplished if you were also transmitting a blockchain of million of transactions along with whatever it is supposed to be doing?
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      1. …in reply to @Chronotope
        It's all just so disappointing in that it is ideologically blocking other projects and ideas because shit gets poured into cryptocurrency.
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    1. …in reply to @Chronotope
      We really do need a common currency for micro transactions, or a fix to how credit cards work online, or any number of other problems in this space that people could be working on instead.
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  1. …in reply to @Chronotope
    Like literally any version of this that doesn't involve creating an entire other currency for transactions that is really just an unregulated bond market would be a better use of everyone's time.
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    1. …in reply to @Chronotope
      But at the end of the day these are mostly regulatory issues which means interacting with people in the real world and participating in politics, instead of issuing white papers, so nope, no one is going to solve those things.
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