https://drewdevault.com/2021/04/26/Cryptocurrency-is-a-disaster.html
"Cryptocurrency problems are more subtle than outright abuse, too. The
integrity and trust of the entire software industry has sharply declined due to
cryptocurrency. It sets up perverse incentives for new projects, where
developers are no longer trying to convince you to use their software because
it’s good, but because they think that if they can convince you it will make
them rich. I’ve had to develop a special radar for reading product pages now: a
mounting feeling of dread as a promising technology is introduced while I
inevitably arrive at the buried lede: it’s more crypto bullshit. Cryptocurrency
is the multi-level marketing of the tech world. “Hi! How’ve you been? Long time
no see! Oh, I’ve been working on this cool distributed database file store
archive thing. We’re doing an ICO next week.” Then I leave. Any technology
which is not an (alleged) currency and which incorporates blockchain anyway
would always work better without it."
Via Kevin O'Brien.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
