> It's weird because people compare it to the early days of the Internet... but the early Internet was useful from its beginning
That really depends on where you put 'beginning'. But more to the point, blockchains are useful now, just like the internet was. They're just not useful for all the things that are being promised (yet). Also, just like the internet wasn't.
> Now, all we see is rampant fraud and a complete disregard for the environment [0] with no gain in efficiency.
People never tire of pointing this out. Yet it completely ignores the fact that there are solutions to this problem that are in the works, and have been planned for a long time.
There are lots of problems with the crypto space. Fraud is rampant. Energy consumption is wasteful, temporarily. It's also not clear that dis-intermediating human institutions is actually what we want to do. But if you think it's all a fraud, or that there is no value, then you're just not thinking very hard.
That really depends on where you put 'beginning'. But more to the point, blockchains are useful now, just like the internet was. They're just not useful for all the things that are being promised (yet). Also, just like the internet wasn't.
> Now, all we see is rampant fraud and a complete disregard for the environment [0] with no gain in efficiency.
People never tire of pointing this out. Yet it completely ignores the fact that there are solutions to this problem that are in the works, and have been planned for a long time.
There are lots of problems with the crypto space. Fraud is rampant. Energy consumption is wasteful, temporarily. It's also not clear that dis-intermediating human institutions is actually what we want to do. But if you think it's all a fraud, or that there is no value, then you're just not thinking very hard.