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by nvy 1069 days ago
> I'll never understand the undeserved hate that blockchain tech gets. I understand that some people automatically associate blockchain with crypto scams, but fundamentally the tech is inspiring.

Is it? From where I sit it's an environmental catastrophe as we burn squillions of CPU/GPU cycles for the modern day tulip craze (bitcoin).

For any purported use case of blockchains, with possible exception of buying illegal things online, existing technologies are better.

2 comments

Monero is the one cryptocurrency I will endorse for having a genuine focus on private transactions. For people living under authoritarian regimes, oppressive families, or just whoever wants privacy. My only misgiving is the energy usage.
I assume they're referring to the technology. Ie immutable ledgers, merkle trees, etc. You're referring to crypto coins.

An immutable ledger != bitcoin.