Wednesday, 3 January 2018
quote [ Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change EVERYTHING. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain—besides currency speculation and illegal transactions. ]
To be fair, the blockchain has become an excellent demonstration for how and why the value of a "currency" is dependent on the healthy and stable infrastructure of that currency's "society." Sadly, that lesson seems to be completely lost on the people who are typically gungho about the blockchain.
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