#blockchain
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Cryptocurrency is an abject disaster (drewdevault.com)> Cryptocurrency is one of the worst inventions of the 21st century. I am ashamed to share an industry with this exploitative grift. It has failed to be a useful currency, invented a new class of internet abuse, further enriched the rich, wasted staggering amounts of electricity, hastened climate change, ruined hundreds of otherwise promising projects, provided a climate for hundreds of scams to flourish, created shortages and price hikes for consumer hardware, and injected perverse incentives into technology everywhere.
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NFTs: crypto grifters try to scam artists, again – Attack of the 50 Foot Blockchain (davidgerard.co.uk)"NFTs exist so that the crypto grifters can have a new kind of magic bean to sell for actual money, and pretend they’re not selling magic beans."
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Blockchain, the amazing solution for almost nothing - The Correspondent (thecorrespondent.com)"The smartest thing about blockchain, Matt Levine wrote, is that the rest of the world was forced to “pay attention to those back-office technology upgrades, and to think that they might be revolutionary”"
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I feel bad for the voice actor in this #Libra ad having to read these lines with a straight face. https://youtu.be/4zw-jpVFKMY -
Once hailed as unhackable, blockchains are now getting hacked - MIT Technology Review (www.technologyreview.com)"Blockchains are particularly attractive to thieves because fraudulent transactions can’t be reversed as they often can be in the traditional financial system."
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Patrick Collison AMA: Stripe CEO, technologist, builder of economic infrastructure for the internet (www.reddit.com)"Adding the blockchain hasn't really helped you solve your problems, and it has probably made everything harder."
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What is the problem with #blockchain jokes?
It can take up to an hour to get the punchline.
#blockchainlol #Friyay (ttk.me t4qH1)
