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Sure. But none of that speaks to whether to the alleged usefulness of Bitcoin. It has failed in every way to prove itself useful in any context it has been bill

Sure. But none of that speaks to whether to the alleged usefulness of Bitcoin. It has failed in every way to prove itself useful in any context it has been billed for.

johnnymorgan 4y ago
Yet it's still here and has still provided a novel solution to the Byzantine generals problem. Beyond that core value, do what you wish with it or not. It's just a tech stack that has potential value, it is not the end all be all of value networking, or value-as-a-protocal but it's insanely useful in driving innovation in this space. Forest from the trees and all that.
- kravvall 4y ago
  There it is, promises of future things and "potential value", and the abstract concept of "driving innovation". Yes, it will be around. But beyond the idea it represents, and the technological invention that is blockchain, there is no value. This is marketing and ideas you invest in.
  - johnnymorgan 4y ago
    Thanks Paul Krugman. >Doesn't know what PoE is and the value it's provided to businesses already, thinks he is an expert on how it has no value. You might want to look that up before you say silly things. I'm curious to see the goal post moving you are about to do. As I said, use it or don't, just because you can't doesn't mean others are wrong lol
  - ewzimm 4y ago
    I think blockchains still have a lot of value, not as currencies or assets, but as decentralized databases for supply chain tracking. We clearly have a lot of issues with our existing global supply chain, especially tracking the origin of every component that goes into things. Blockchain has a lot of legitimate uses for transparently tracking different components along their journey, from raw materials until they reach customers, and helping with industrial planning as well as proving compliance with regulations. Planned economies haven't worked. Market economies have some clear inefficiencies and potentials for destabilizations. Applying data transparency and tracking to a market economy using supply chain blockchains has the potential to enable more decentralized planning to build better options.
ccvannorman 4y ago
It's been quite useful to some of my friends, who love to preach: "Bro, Bitcoin is up 800,000%, you need to invest [in it and in other crypto]"

Sure. But none of that speaks to whether to the alleged usefulness of Bitcoin. It has failed in every way to prove itself useful in any context it has been billed for.

johnnymorgan 4y ago

Yet it's still here and has still provided a novel solution to the Byzantine generals problem. Beyond that core value, do what you wish with it or not. It's just a tech stack that has potential value, it is not the end all be all of value networking, or value-as-a-protocal but it's insanely useful in driving innovation in this space. Forest from the trees and all that.

kravvall 4y ago
There it is, promises of future things and "potential value", and the abstract concept of "driving innovation". Yes, it will be around. But beyond the idea it represents, and the technological invention that is blockchain, there is no value. This is marketing and ideas you invest in.
- johnnymorgan 4y ago
  Thanks Paul Krugman. >Doesn't know what PoE is and the value it's provided to businesses already, thinks he is an expert on how it has no value. You might want to look that up before you say silly things. I'm curious to see the goal post moving you are about to do. As I said, use it or don't, just because you can't doesn't mean others are wrong lol
- ewzimm 4y ago
  I think blockchains still have a lot of value, not as currencies or assets, but as decentralized databases for supply chain tracking. We clearly have a lot of issues with our existing global supply chain, especially tracking the origin of every component that goes into things. Blockchain has a lot of legitimate uses for transparently tracking different components along their journey, from raw materials until they reach customers, and helping with industrial planning as well as proving compliance with regulations. Planned economies haven't worked. Market economies have some clear inefficiencies and potentials for destabilizations. Applying data transparency and tracking to a market economy using supply chain blockchains has the potential to enable more decentralized planning to build better options.

ccvannorman 4y ago

It's been quite useful to some of my friends, who love to preach: "Bro, Bitcoin is up 800,000%, you need to invest [in it and in other crypto]"