Software engineer working on very high scale systems, and dad.
Born and raised 🇫🇷, now resident and naturalized citizen 🇺🇸.
🎹🎸🪕🥁🎮
My thoughts exactly.
I was told that except for flying scams under regulatory radars, the thing it’s great at is low-trust business transactions. But like, there are so many application-level ways to reasonably guarantee trust of any kind of transaction for all kinds of business needs, into a private database. I guess it would be an amazing solution if those other simpler ways didn’t exist!
So true.
With LLMs, I can think of a few realistic and valuable applications even if they don’t successfully deliver on the hype and don’t actually shake the world upside down. With blockchain, I just could never see anything in it. Anyone trying to sell me on its promises would use the exact words people use to sell a scam.
Thanks for that, I definitely learned some. I’m not surprised that it takes some smart thinking to get this to even be remotely possible, and it’s interesting to read what smart thinking goes into it. I was at Lake Mead recently, and it was impressive to be explained how much it had receded over the past few years, and how much of a strain on it Vegas keeps putting despite the mitigation. I wonder how long before it just runs out, if it does; and what happens next.
Yeah, it’s amazing how much of a pass Vegas gets about the complete lack of sustainability. Like, for instance, I don’t know, having tons of thirsty tourists and gigantic pools in the middle of a freaking desert! Kinda nuts…
I hadn’t even noticed that. Yeah, weird idea…
https://www.thespherevegas.com/
My guess is the blue screen picture is fake, but it’s still pretty funny.
Honestly I never bought that cryptocurrencies could remain unregulated long, there was just no reason for governments to want it to stay that way. It probably took more time for the regulator to catch up than I initially thought, but the writing was on the wall from day 1.
For NFTs; yeah, I see what you mean. And digital asset management don’t feel to me like it particularly needed that kind of disruption. Like, there isn’t significant business upside or value to my house title’s ownership being stored in the blockchain, rather than in my county’s private database like it is today. And since there wasn’t a reason for people to assign any perceived business value to the NFT vs the private DB record, therefore the NFT had no value, by definition. I could just never see it.