this post was submitted on 27 Jul 2023
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[–] ShittyBeatlesFCPres 15 points 1 year ago (1 children)

Because blockchain is useless and no one is investing in that space anymore because GPT is the new shiny object. Kind of hard to become a blockchain engineer when interest rates aren’t 0%, investors are doing due diligence, and the marketing buzzword train has left the station. Even clueless VCs and MBAs now know blockchain was all hype around selling libertarian fantasies to people who don’t read books.

[–] [email protected] 1 points 1 year ago (1 children)

blockchain is not useless but most of the "currencies" around it is.

[–] ShittyBeatlesFCPres 3 points 1 year ago (1 children)

It’s pretty useless. It’s proven too slow and inefficient for 99% of the promising use cases and despite having been out for like 15 years, no one has done anything particularly important (and also legal) with it. I’m not sure a typical person would miss anything if the whole ecosystem disappeared tomorrow.

[–] [email protected] 1 points 1 year ago (2 children)

im curious about the slow and innefficient part. Its a ledger and I was under the impression it was perfect for following a supply chain to keep track of shipments. I have sorta been surprised it has not been used for this

[–] [email protected] 3 points 1 year ago (1 children)

Why would you use blockchain to track shipments when you can easily do the same with a standard database? What would be the gain?

[–] [email protected] 1 points 1 year ago

with blockchain the information is on the token. You should not need a database.

[–] [email protected] 1 points 1 year ago (1 children)

Blockchain itself is not slow. No idea of slow or fast can exist without an implementation, and the implementation they probably have in mind is Bitcoin which is slow as shit.

[–] [email protected] 1 points 1 year ago

bitcoin is not the only implementation. Gridcoin does not have the same bloat.