> I'll never understand the undeserved hate that blockchain tech gets. I understand that some people automatically associate blockchain with crypto scams, but fundamentally the tech is inspiring.
Is it? From where I sit it's an environmental catastrophe as we burn squillions of CPU/GPU cycles for the modern day tulip craze (bitcoin).
For any purported use case of blockchains, with possible exception of buying illegal things online, existing technologies are better.
Monero is the one cryptocurrency I will endorse for having a genuine focus on private transactions. For people living under authoritarian regimes, oppressive families, or just whoever wants privacy. My only misgiving is the energy usage.
Is it? From where I sit it's an environmental catastrophe as we burn squillions of CPU/GPU cycles for the modern day tulip craze (bitcoin).
For any purported use case of blockchains, with possible exception of buying illegal things online, existing technologies are better.