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by ra-mos 1628 days ago
“proposed solutions solve this”

~ every cryptocurrency/blockchain/web3 article ever written

3 comments

This is the TL;DR for me. Perhaps a lot of this will evolve and we’ll end up with some fantastic technologies that are truly revolutionary.

But, a lot of us are pretty jaded by “blockchain is a game changer” with no tangible evidence beyond BTC as a highly unstable store of value and claims of some great future state.

> (...) beyond BTC as a highly unstable store of value and claims of some great future state.

Bitcoin is not a store of value, and never was. A highly volatile asset, specially one whose market price halves overnight without much surprise, does not serve the purpose of a store of value.

I mean, this week alone Bitcoin dropped around 10%, and around 25% during the past month. This is not value being stored. If an asset manager lost 25% of it's wallet in a month they'd be out of a job.

Either it will solve something and you can get on later, or if you have to get on now “before it goes up” it’s just a scam (or”investment”) of sorts.
Yeah it’s starting to sound a lot like “this is the year of Linux on the desktop” to me. We’re always one year away.
slowly but surely things improve, and then people find something else to complain about