this post was submitted on 13 Nov 2024
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I’ve read that blockchain itself is a good technology. NFTs are a laughably absurd attempt to exploit that technology for profit.
Xitter op needs to shut up.
What problem does blockchain solve?
Nah. the other commenters are wrong.
They're super useful.
Its just that anyone who isn't selling bullshit uses their real name- Merkel trees - which are fundamental to modern software development (git, zfs, nix, nosql).
Merkel is the previous chancelor of Germany, Merkle is a computer scientist ;)
Hash trees are a part of blockchains, but not the entire thing. This is kinda like saying acupuncture isn't bullshit because needles are useful in real medicine as well.
https://hms.harvard.edu/news/exploring-science-acupuncture
Acupuncture actual does have clinical significant effects though.
I added an arxiv link and a stack overflow link that show that I'm not alone in this assertion of equivalence.
I blame autocorrect for the Merkle typos.