What's the Venn diagram look to you between projects using blockchain vs. projects using blockchain inherently designed to have or allow same pattern as Ponzi and MLM schemes?
I think there’s a general consensus about the speculative bubble in the crypto asset class, but that’s a consequence of central-bank monetary policy, you’ll find the same in real-estate, equities, precious metals, you name it. When the cost of capital is ~0, the scammers come out of the woodwork. Flack-it-till-you SPAC it.
But even if it all ends in tears it will have financed research in:
- Byzantine consensus
- Gossip protocols in P2P networking
- Zero-Knowledge Proofs
- Auction Theory
- Verifiably Random Functions
- Virtual Machine execution cost models
But even if it all ends in tears it will have financed research in:
- Byzantine consensus - Gossip protocols in P2P networking - Zero-Knowledge Proofs - Auction Theory - Verifiably Random Functions - Virtual Machine execution cost models
right off the top of my head.