[whatl3y]

I think it's necessary to put emphasis on the "get-rich-quick schemes" part, and not the "blockchain/cryptocurrencies" part.

I hope you're not implying blockchain tech and all cryptocurrencies don't/can't provide real utility value, but if so I beg to differ substantially. I built a hook to the Stellar blockchain to store SHA256 hashes of audit evidence that can be validated against at a later time as tamper-proofing evidence. This is just one extremely simple use case, not to mention the entire Defi ecosystem that's being developed as we speak.

[schrototo]

I am absolutely implying that blockchain tech is fundamentally useless, and cryptocurrencies doubly so.

[rl3]

Depends how you define useless. They're pretty good at demonstrating what happens when the immature, privileged assholes of this world run amok with shitty ideas, devoid of any true foresight or reflection.

[qqii]

They're also pretty good at demonstrating how a borderless financial system can facilitate innovation and development whilst retaining IP without VCs (Aave, Uniswap).

[rl3]

Now all we need is the autogenerated whitepapers.

[dmos62]

A bold statement is expected to have an argument. A trustless, censorship-resistant ledger is fundamentally useless? Come on.

[kobasa]

HFSP

[theamk]

The tamper-proof timestamping has been around for a long while - there are many timestamping servers which sign hashes using a simple protocol [0][1]. Get a signature from a few servers in different jurisdiction if you are worried that one will get compromised.

This is one of the reasons I don't like the blockchain hype -- people have real problems. Instead of choosing existing simple and reliable solutions -- TSA, CT-style logs[2], people go with the blockchain stuff which directly powers cryptolockers, ponzi schemes, and other crime.

Yes, I know cryptolockers don't use Stellar... but most people don't -- and they see posts like yours as a justification that to put their life savings into another scam.

[0] https://www.freetsa.org/index_en.php [1] https://gist.github.com/Manouchehri/fd754e402d98430243455713... [2] https://certificate.transparency.dev/howctworks/

[qqii]

Tamper proof timestamping is just a small part of blockchains and they exist in parallel with different security guarentees.

Blockchains aren't going to dissappear so in my mind the only good solution is to educate instead of fear monger.

[captn3m0]

https://tools.ietf.org/html/rfc3161

[tomp]

Why not use Twitter or GitHub instead?

[jobigoud]

So you don't need to put your trust into all the people that have or could gain write access to their databases?