22
The Australian Securities Exchange CHESS blockchain: seven years of sunk cost fallacy
(davidgerard.co.uk)
this post was submitted on 12 Jun 2024
22 points (95.8% liked)
Buttcoin
368 readers
27 users here now
Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.
A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.
founded 10 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In capital markets infrastructure low latency and high throughput are the 2 core design principles of any system. Blockchain manages to violate both; how anyone could have thought this is “the future” is beyond me. I still hear all too often “ya blockchain (or cryptocurrency) doesn’t work now but I’m sure it’ll be great and useful eventually!”
Why oh why are people so attached to this proven failed tech idea? I’ll throw it the smallest of bones and say maybe a distributed ledger with cryptographic proofs has some very specific minor use case, but even if that maybe is true for one thing why is it shoved everywhere it doesn’t belong?