none have come up with any particular use for this concept that isn’t just as well or better served by a different approach
This is literally the fault of the banks and billionaires controlling them. This is exactly what they want you to believe.
They’d go bankrupt if people started keeping their money on a blockchain and they will do anything possible to prevent that and push the propaganda in the oop post.
While it’s partially true, banks and billionaires are much more toxic to this planet and people.
Money and capitalism are toxic to the planet. You cannot have an economic system based on infinite growth when you live on a planet with finite resources and ecological limits. Blockchain enabling* a “better” way to spend money doesn’t change the fact that money is still a disease.
The one thing people are doing is piling a whole bunch of money ‘on a blockchain’. That use case is very much alive and all the problems it has on that front are precisely due to the nature of a blockchain in an economic context. Wildly varying valuation day to day, massive resource usage for relatively small volume of transactions, low throughput of transactions, a ledger that lets everyone know your financial activities.
We dont need to boil the earth to have crypto either. It’s crypto speculators that are the problem latching onto these old systems for nothing but speculative value.
This is literally the fault of the banks and billionaires controlling them. This is exactly what they want you to believe.
They’d go bankrupt if people started keeping their money on a blockchain and they will do anything possible to prevent that and push the propaganda in the oop post.
While it’s partially true, banks and billionaires are much more toxic to this planet and people.
Money and capitalism are toxic to the planet. You cannot have an economic system based on infinite growth when you live on a planet with finite resources and ecological limits. Blockchain enabling* a “better” way to spend money doesn’t change the fact that money is still a disease.
So what are the good uses for this tech then? That was the main point you disagreed with but didn’t provide ant examples
The one thing people are doing is piling a whole bunch of money ‘on a blockchain’. That use case is very much alive and all the problems it has on that front are precisely due to the nature of a blockchain in an economic context. Wildly varying valuation day to day, massive resource usage for relatively small volume of transactions, low throughput of transactions, a ledger that lets everyone know your financial activities.
We don’t need to boil the Earth to fix late stage capitalism.
We dont need to boil the earth to have crypto either. It’s crypto speculators that are the problem latching onto these old systems for nothing but speculative value.