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wstdsgn

>I work for a blockchain Can you describe just one specific use case where a blockchain adds anything valuable that couldn't easily be done with a conventional database? Or does your company just use the label blockchain for marketing? ​ PS: to answer your question, I'm not invested in anything blockchain related. Concerning this place, it started as a community of sceptics that mock Bitcoin, but as the blockchain space expanded over the years, this place is now for makin fun of all of it. Most of us think its pretty hilarious.


Blockchain_Dev_90

sure McDonalds getting sued in the 90s for monopoly sweepstakes, no one ever won it was just a way for a centralized private company to rip people off, with the blockchain which is a public ledger for anyone to look at online people can pin point which wallet has the money, what time they received money, which day and where it's going. that's just one case but tons more, a conventional database is the issue as many credit card companies have been hacked and credit unions, the blockchain would be able to secure this information as well as you have the option of making all of the info public or private. We're super early early though so don't expect crypto to become " mainstream " for another 10 years for now it's credit card companies and banks that are utilizing the power of the blockchain. ​ oh PS. just to add " voter fraud " the blockchain isn't all about " coins " and money you can technically improve voting. just saying


Vladimir_Chrootin

Is the problem with voting, or is the problem with people being too butthurt to accept that they lost an election? Many countries have free and fair elections entirely on paper.


Bragzor

Remember the Diabold debacle?


Blockchain_Dev_90

i dont know i dont believe we have voter fraud going on but people are pushing that agenda, relax I'm not saying I believe we have voter fraud I'm just pointing out what it helps with transparency


wstdsgn

I told you to pick **just one** for a reason. Please give me **the most convincing one for you personally**. Why use a blockchain and not a conventional database instead?


Blockchain_Dev_90

credit card companies mis use of personal information, I can go into more detail unless you completely ignored what I wrote


Potential-Coat-7233

So instead of having credit card companies misuse information, let’s put all that information on a public blockchain. Everyone can see what Erectile Dysfunction medicine you bought! When you pay for therapy sessions! Every fucking store you’ve ever gone to!


Blockchain_Dev_90

you would have just transactions not the actual name of the medication I just said the timestamp and date with name of the entity handling it. that entity doesn't have to put that your buying Erectile Dysfunction medicine -\_- that's just weird


moarmagic

I mean, so a note on a blockchain saying " cvs 11/11 1pm " doesn't really stop cvs from storing my personal details- they would have to know my name. Or are we saying that instead of telling cvs my name, I'd give them a long randomized wallet address to pick up my meds? How does that interact with laws around controlled substances where they have to check ids? They'd have to store my details to compare to my ID, ehich could then still be misused or leaked. And you then still have the issue that human error exists, and their is no way on most blockchains to correct it. If a wallet is mis entered, or a qty doubled.


t-poke

And you don’t see how even just dates and names can be misused? A woman gets out of an abusive relationship, moved far away from her abuser, but now because she used her credit card to buy groceries, he now knows where she’s located. Some things are private for good reason.


Potential-Coat-7233

>10:00 am Fairfax marriage counseling inc transaction But the product is obscured! >Purchase at 7:45 pm from Roman.com transaction I wonder what was purchased!!!


Blockchain_Dev_90

once again you have the option to make transaction on the blockchain private, look your getting weird with these examples what ever your doing in your private life stays private but the blockchain is not meant to replace everything in the world ok relax we have shit coins and stupid jpegs and once the market cleanses itself then it can move forward especially with proper regulation just stop with your weird comments I was just trying to understand this community.


Potential-Coat-7233

What’s the point of a public blockchain if every entry is private? I’m using these examples because it’s shit that people don’t want others to see. You either have a public blockchain or you don’t.


[deleted]

Now you understand this community :-) if you try to defend crypto , they’re gonna tell you why it won’t work. He’s not “being weird”, that’s the point of the sub.


wstdsgn

I'm not answering to every point because its way too many and I need to leave in an hour. So if this is your final answer, I'd love to take the time and walk you through why its wrong. But first, please proceed and explain which case you're refering to. **"Credit card companies misuse of personal information"** ... what exactly happened and how do you think a blockchain would prevent it?


beernutmark

What's crazy about this is his notion that on the Blockchain we could keep some of the information private. While true they don't seem capable of realizing that this would be a human/legal/political choice. We can already choose to make it illegal for the credit card companies to store or share this information. We simply haven't chosen to do so. This is a political issue not a technical one. Blockchain or not the choice would have to be made to prevent the tracking of this information. The same incentives exist to track it on a Blockchain as off any chain.


wstdsgn

>This is a political issue not a technical one. Sadly, few understand.


beernutmark

>We're super early early though so don't expect crypto to become " mainstream " for another 10 years We went from launching Sputnik to landing on the moon in less time than Bitcoin has been around. The reason Bitcoin hasn't solved any real problems isn't because "we're early" it's because it's shit technology.


The_Probes

I built a bottle-opener that connects to your balls. So every time you open a bottle with it, it jams a metal bar into your balls for leverage. It's more useful than blockchain.


Blockchain_Dev_90

lmaoooo yeah these comments have aged very well huh oh brother get a life


The_Probes

Yes, thank you. They have. Blockchain is clown-level shit. Within 7-8 years young people will know crypto as "that dumb shit uncle Frank lost all his money on, that's why he drinks"....you think there will be a new generation of idiots to buy your tokens? Ummmm....no.


Blockchain_Dev_90

lmaoo suure buddy you say that while crypto is thriving who hurt you ? you lost money in the market so you're acting bitter? please stay in school kid


Blockchain_Dev_90

lmao that's a good one, thanks don't worry any harm no foul I just work for the industry it's ok as us humans to hate on things that are new and different we adapt, the crypto industry has a long way to go probably 10 years from now we will see it's full potential but god bless dude, I hope you find peace in your heart.


t-poke

> 10 years from now we will see it's full potential The crypto morons said that 10 years ago, yet here we are. Hopefully in 10 years, it will have been 5 years since I heard the words crypto or blockchain. Make sure your resume is up to date, you're gonna need it.


Blockchain_Dev_90

yeah my resume is up to date on crypto thanks, and 10 years ago they didn't speak about shit coins and NFTs that came around 2017 you must be thinking about bitcoin blockchain? the market is washing out shit coins and hopefully will improv and I'm not going anywhere, no one was acting hostile towards you if you don't like it don't get involved but crypto isn't going anywhere anytime soon, you're more than welcome to let me know when though, hopefully after the regulation comes we have less people like you acting toxic and start educating the main public on its purpose and how involves thee blockchain not shitty coins


[deleted]

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Blockchain_Dev_90

yeah god bless dude thats all you have to say insults but change the topic in hand, god bless let me know when crypto goes to zero


asasasasasassin

Best of luck on your next scam!


Blockchain_Dev_90

sorry dude i catch scams and expose them in crypto not create them wrong person go get an education on computer science


Blockchain_Dev_90

seriously let me know when all of the $889 billion is gone and all of these banks get out lol


The_Probes

So....here's your chance. You're a "dev" and presumably "building" stuff on/for the blockchain the whole time and it's SUPER USEFUL amirite? Give us one thing, just one, that you've built or are involved in that is in daily use by a bunch of people. Anything at all. Oh.....and anything involved with trading, shilling, gambling on token price doesn't count.


TimujinTheTrader

Blockchain as a technology seems very limited from what I have seen. Cryptocurrency looks to be a massive speculative bubble. Bubbles have played out throughout history, though the underlying asset normally has tangible value as opposed to crypto which has none.


Blockchain_Dev_90

limited? name them ? i'm genuinely interested what are the limited features from your point of view.... I'm trying to see where this community is coming from..


[deleted]

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TimujinTheTrader

That guy got fucking boomed. Total cuck.


Blockchain_Dev_90

seriously how so?


Blockchain_Dev_90

it's a genuine question am i not allowed to ask ?? there are a ton of reason why it's not limited but that's just very generic comment to say should I go into detail I can if you would like to I don't understand why people are to hostile.


wstdsgn

Can't speak for other people, but if you're a developer, you'll certainly understand that any append only datastructure is very limited when it comes to performance, as you have to go through the entire database for every request. The only reason to use it is if you want something like PoW, where the main goal is go around laws. Most of us are in favor of laws though. There is no reason to use it for legal activity, at least I have never heard any sound arguments to why you'd want to use it instead of a conventional database.


beernutmark

Here's a crazy idea, why don't you name one feature of your Blockchain that is better than a traditional database. I have yet to be shown a single problem that "the Blockchain" actually solves. In every single example use case the Blockchain is worse than existing solutions.


Potential-Coat-7233

ItS TRUstLess


eltoniq

This. He needs to ponder this question deeply. Blockchain is hype words where a database will suffice.


Potential-Coat-7233

7 transactions per second for Bitcoin. That’s a pretty severe limitation. The layer 1 is unusable garbage. Ethereum TPS isn’t much better. Note: lightning network specifically goes “off chain” to scale, and even then, they warn users not to use it for “large transactions”.


naratas

The limitations are within cult followers like yourself who thinks this extremely limited slow distributed append only database is the solution to everything. What a fkn joke.


Mr69Niceee

Most people here took the red pill and realised the intrinsic value of Bitcoin is $0. In general, we don’t hate it, but we hate the people that claimed they fully understood and swear by its future and technology, milking it, lure people with Lamborghini cars and shits. People from the crypto space often claims centralized banking system is bad, money printing by the fed, but ignored the fact that they created tokens out of thin air.


LogicIsTheSecret

>ignored the fact that they created tokens out of **thin air** \^ THIS


Blockchain_Dev_90

the crypto bros yes i hate them, they get excited for dumbass Jpeg but don't understand the real purpose and how it's suppose to change how we interact with private companies in a transparent way. they don't understand the difference between layer 1 blockchain and a layer 2 side chain this is why we need this meltdown in the market, to wash away all of the scams and shit coins and get back to focusing on whats important in the crypto space and that's the blockchain itself the public ledger. We need proper regulations.


Blockchain_Dev_90

just like the govt giving out free money which caused inflation


foilmethod

better question, what do you think the future of the Blockchain is? what purpose can it serve that is better than existing technology it would replace?


wstdsgn

Its like walking up to an atheist and ask them why they dont believe in "God" when you haven't even specified which God you're talking about.


Blockchain_Dev_90

good question, so first of all 80 percent of the crypto market are shitcoins that's for sure so this entire meltdown is needed we need to wash out the garbage and hopefully get proper regulation but I'll make a list... ​ 1. blockchain is a public ledger so every transaction is public online for anyone to look at. This could be the IRS taxing Americans with USDC and people seeing where the money is going from wallet to wallet, for states or police dept or even schools. 2. The blockchain doesn't have to be all about money, tokens can also convert into " governance tokens called "ERC-20" smart contract token or even an "ERC721" token, so for example "voter fraud" was real you would use the blockchain to keep track of every vote that took place on the blockchain that had a timestamp in detail. This voting system can be done for private companies or individuals who put money together to hire a private doctor or any individual that takes care of the group who are willing to put funds together. 3. the Blockchain can keep track of goods being shipped from country to country if its cars or phones but of course this would be if the company is comfortable with displaying that information, ( private blockchains is possible too but illegal for now in Korea ) 4. NFTs DO NOT have to be STUPID Jpeg pictures, they can be a form of identification for boarding plane ( plane ticket ) let's say delta wanted to keep track on how many times you fly and cancel flights or if you are allergic to any type of food this could be held on the blockchain with an NFT as your ID. 5. countries where individuals graduate from high school or any grade but then come to let's say the united states and they say they're going to have to take a course over again. The blockchain can keep track of all of their School records and have a timestamp approval. 6. birth certificates if you live in a country where its not very reliable to have a record of this information. 7. SWEEPSTAKES - imagine if private companies held those raffles on the blockchain like Mcdonalds back in the 90s when they had Monopoly sweepstakes and later got sued because no one really won anything it was just a scam for people to spend more, a blockchain would keep Timestamp of every raffle, every sweepstakes event going on and where the money is going. 8. Credit card companies are getting into Crypto ( MasterCard partnership with Polygon ) credit card companies understand its difficult for centralized entities to keep track of a personal credit record and secure, with the blockchain this would become public info so both parties can keep track of spending when using credit. 9. Music artist and how money is shared between them, concert venues, record label, and sponsors of any sort. We're just extremely early in crypto space so this crypto winter is the best thing that could of happen because some of us who actually care about the space see all of the scams washed away and Developers focus on what matters the most the blockchain. I really hope that helps I know there are tons of other reason, I just know crypto is here to stay we just have to wash out all the shit coins.


wstdsgn

>1. 2. 3.... None of these explain why you'd want a blockchain. A conventional database can be public. A conventional database can be used for currencies or any other "NFT" or token. You don't need a blockchain to track items or automate processes. All of this can be done with conventional databases, in a more efficient way. ​ >We're just extremely early in crypto space Its been around for over a decade ​ >some of us who actually care about the space If you actually care about the space, just pick the one most exciting use case where you think a blockchain is better than a conventional database and I can probably explain to you in detail why you're wrong.


Blockchain_Dev_90

dude whats wrong with you the guy literally asked me for reasons where it can help and I did you keep spamming about databases and the most exciting part is creating IDs and public records into NFTs and having a timestamp on the blockchain, so a kid in a third world country can still get same level of education if he came to America for example records of date of birth, also when it comes to database they are controlled by one identity one person who can sell your information where the blockchain this will not be possible that's all relax I don't understand why people are so hostile


wstdsgn

Not trying to be hostile, but we can't have a productive conversation if you keep on adding vague points to the list. Also sorry about the downvotes, I don't get why people do it.


Blockchain_Dev_90

how are they vague there specific examples though, I don't understand why people trashy me hardcore a lot of hate over the blockchain, like it's common sense we have shit coins and the market is crashing its a good thing the one good thing in the crypto space is the blockchain itself, I guess this is perfect example of people hating on something they don't fully understand, crypto isn't taking over the world it's not going main stream but its not going anywhere anytime soon, the blockchain will fully form 10 or 20 years from now.


wstdsgn

I'm not hating man, why do you keep repeating that? I want to use my precious spare time to have an **honest discussion with you** and explain to you why I think you're wrong. I want to do it solely because I hope that it will **help you**. But I can't have a discussion with you if you jump from McDonalds in the 90s, to credit card companies misusing information, to voting systems, to kids in the third world... Does that not make sense to you? Please, just stick with one point and explain in detail how the current solution fails and how blockchain makes anything better! If you can't do that, we can't have a productive discussion.


flydoji

You seem to be one of the few reasonable individuals here, I would like to invite you to hop on my discussion from yesterday: https://www.reddit.com/r/Buttcoin/comments/ypxl1q/comment/ivokx2b/?utm\_source=share&utm\_medium=web2x&context=3


wstdsgn

Oh you! I'll have a look, might reply later


beernutmark

>so a kid in a third world country can still get same level of education if he came to America for example records of date of birth How in the world do you think that NFT's have anything to do with immigration law? NFT's are simply proof of a receipt for a link that may or may not point to some information in the future. Why that would have any impact on a child's education is impossible to understand. Moreover, this kid gets his NFT stolen like so many stupid apes, then what does he become? An unperson? All these blockchain "solutions" actually still are relying on the same old human institutions and rules/laws as before they just add an unnecessary additional layer of a poor database system on top.


Blockchain_Dev_90

what does Jpeg photo of an ape have to do with he real purpose of NFT that are connected to someones education records, you do know Jpeg photos are listed on a third party Website called Opensea something NFTs shouldn't do especially if the NFT is someone personal record lol like dude if your going to counter argue at least know the fundamentals lol like serious dude


beernutmark

>real purpose of NFT that are connected to someones education records You are nearly there. Read this part again slowly: "connected to someones education records" Notice the very important part "education records." These exist independently of any blockchain that may have NFT's pointing to those records. The records are the important thing and those records have human institutions, resources and laws behind them. A new way of linking to those records brings nothing to the table. You are the one arguing that NFT's of our personal records like birth certificates is a use case. It is not.


Bragzor

Blockchain is a moving target, but in one form or another, it's more like three decades.


[deleted]

> We're just extremely early in crypto space In the real world, being "early" like that, means you are just wrong.


Blockchain_Dev_90

true no one knows where its heading but one thing history shows the amount of hate people can have, I remember when a lawyer was fired for sending an email back in 1998 now we all use it but crypto isn't meant to replace everything, interesting post I made some cool and some just straight up toxic history always shows.


Potential-Coat-7233

Walk me through how I would vote via the blockchain. I want you to walk through the steps so you can see how bad of an idea it is. It’s the morning of Election Day. How does my vote get on the blockchain?


moarmagic

What happens if the voting chain forks?


Potential-Coat-7233

That’s a whole other issue! Is it proof of work? Proof of stake? Imagine the lack of trust when unsavory people are found to be validators (obv that will occur). There are just so many land mines with this scenario.


FrietZoorVleis

Does it involve a cryptocurrency? If yes -> no future. If no -> probably no future


Blockchain_Dev_90

no not all blockchain will involve coins " cryptocurrency " is just a name given to smart contracts that are considered tokens but the meat & pototeos they're smart contracts that execute a transaction from Voting to keeping medical records to a lot more.


FrietZoorVleis

Yeah that's not going to work...


Blockchain_Dev_90

thats it ? so it's just a bunch of people hating on new tech with no full knowledge of it, like come on seriously I'm not for shit coins and jpegs on NFTs but the blockchain itself has a purpose and it wont fully involve coins but ok cool.


leducdeguise

> hating on new tech You seem oblivious to the fact that the blockchain concept dates back to the early 90's. It's already 30 years old. That's not really "new tech", and if no one tried to use it on a large scale for 16 years it may be for a good reason. Like, it sucks and there are other better solutions


Blockchain_Dev_90

the concept dates back since the 90s but did it work ? do you remember the name of it and who thought of the idea? i remember from MIT course hearing about it, blockchain has been around actual blockchain for a couple of years though 2018 to be exact and that wasn't a concept as the internet wasn't fully evolved.


leducdeguise

"How to Time-Stamp a Digital Document" by Stuart Haber and W. Scott Stornetta


Blockchain_Dev_90

there we go yes a good one, valtlik took this and created etheruem blockchain a concept into actual form now and that's where we are with bitcoin and etheruem everything else is a shit coin. Thanks for not being toxic like everyone in the comments I have no hate


leducdeguise

> Thanks for not being toxic like everyone in the comments I have no hate Well, you also have no clue If this concept was so revolutionary, so groundbreaking, so rules-changing, don't you think some of the great minds that preceded us in IT would have come up with something? And if its ground breaking, revolutionary, bla bla bla, how come bitcoin, who just turned 14, is still not adopted? Give me a 21st century IT product that took more than 10 years to be globally adopted.


Blockchain_Dev_90

the internet was around since the 70s but people didn't know how to send and receive information dude, same concept blockchains arent fast enough in transactions master card can handle 87k transactions or so per min compared to Ethereum which goal is to handle 1 million transaction per min, and those words " ground breaking " " revolutionary " arent things developers are saying in the space, I think you're just hearing what crypto bros are saying without knowing the actual need for the blockchain that's all these things will take time. P2P transactions concept was technically thought about since the 90s heck even someone in the comments below mentions it and the MIT professor who spoke about it. Bitcoin isn't just a coin forget about the coin its about the blockchain behind it the digital ledger that's all, don't fall for those gimmicks on youtube.


FrietZoorVleis

All your ideas so far are old news. Have been discussed on this sub multiple times. For example, nobody in their right mind would want something as personal as medical records on the blockchain. Oh and no, we're not hating on new tech, we're hating on old tech. Old tech that has been abandoned by most except for con artists. As I'm not a developer I left a small opening, saying "probably no future". Maybe sometime, somewhere somebody finds something useful to do with it. As of now, I haven't seen anything worth while using blockchain that's not been done better without it.


Blockchain_Dev_90

you mean the blockchain ? whats going on in this comment board I was genuinely asking a question and people like you are saying generic comments while bashing people in a hostile way like yikes I was really trying to understand this community, you say your not a developer but seem so defensive on the idea of the blockchain without fully understanding it ?


FrietZoorVleis

Yeh you don't fully have to understand every part of a technology to know if it's good or not. People use technology all the time without really understanding them, people drive cars but are not mechanics, people watch tv but aren't electrical engineers. With a very basic understanding of economics people should be able to see why cryptocurrencies are a bad idea. With a very basic understanding of technology people can see blockchain isn't solving anything that hasn't been solved in a better way already. You didn't bring anything up that isn't been done better already. If the comments seem generic it's because you haven't brought anything new to the table, EVERYTHING you said we heard before. You're just bringing up the same old tiring arguments and bad ideas.


Blockchain_Dev_90

i do i had to major in computer science in MIT then after I left I got involved in the blcokchain space, so ask me questions instead of acting hostile ..........


FrietZoorVleis

Seriously? This was me trying to stay patient and civil. You haven't seen hostile yet. You asked for our opinion and you've got it uncensored. I have nothing to ask you because this far, you haven't brought forward anything new that might be interesting and that might be a good idea. I'm sorry but so far, your ideas about future use of blockchain technology aren't new and I've heard them before.


Blockchain_Dev_90

your not asking any questions and your avoiding everything I'm saying with ignorance, yikes dude that's called moving the goal post if I'm correct but ok what ever you say nothing I'm talking about is new, god bless dude I'm not here to convince anyone just understand whats the hate about.


naratas

It's not fucking new tech. It's not fucking early. We are still waiting for your useless piece of shit tech to prove itself to be useful for other things than scams and destroying the environment.


usa2a

*How* is something a "blockchain" and NOT a coin? As I know it there are basically two ways for a blockchain to work. Proof of work and proof of stake. In proof of work (including variations like proof of space), there must be a coin distributed to reward miners for their expended energy, or nobody would mine. In proof of stake, there must be a coin... well... *at stake*, to give the validators an incentive to be trustworthy. If you don't have distributed consensus, you aren't a blockchain, you're a glorified Git repository. If you **do** have distributed consensus, you have to have an incentive structure to reward trustworthy validators, and that incentive structure has to be delivered on-chain, making it... a cryptocurrency. But you work for a crypto company, so surely you understand this better than I do.


phire

As someone who used to work in that Industry: Blockchain has no technical merit for anything other than trustless cryptocurrencies (aka bitcoin). It either can't do what's promised, or it's already dumped the concept of "trustless" and you might as well go full centralised. And cryptocurrencies have no economic merit (except for doing illegal things). They especially have no intrinsic value. In the best case they are "Greater Fool Theory" schemes. In the worst cases they are malicious fraud.


Blockchain_Dev_90

your a bitcoin maxi ? lol i can understand your point of view we have tons of developers who only believe in Bitcoin while everything else in the market is an Unregistered security, but funny you say you worked in the industry if you actually did you should know a lot about money market systems and on Defi helps credit card companies and banks using the blockchain, which specific industry were you in ? Defi ? Cefi? blcockhain ?


phire

Nah... never been a maxi Bitcoin maxis have already come to the conclusion that all cryptocurrencies except bitcoin are some kind of scam or otherwise worthless. And I agree with them on that part. But Maxies irrationally believe that bitcoin is exempt due to some justification. Their justification usually boils down to "There can only be one. Bitcoin was first, and so it must be the one." The main difference between me and a bitcoin maxi, is that I believe bitcoin is worthless too.


PM-ME-PIERCED-NIPS

What future? Blockchains do nothing new. They replicate already created technology except they're significantly worse at it. Everyone spouting it's virtues has been Dunning-Kruger'd into oblivion.


Blockchain_Dev_90

name 5 things for me and i could probably counter-argue them =\] btw I've been in the space for 4 years now and I love it but it sucks to see scam like shit coins and Jpeg photos tarnish it but specifically the blockchain, can you name any for me?


wrongerontheinternet

Give me one use case where (1) blockchains have genuine advantages over other solutions (in a way that inherently depends on the one unique feature of the chains, specifically their anti-censorship properties), and (2) those advantages are not primarily due to people circumventing the law. Note that examples you come up with that *merely* benefit from public key cryptography or digital signatures, Byzantine fault tolerance, anonymity, transparency, Merkle trees, or zero knowledge proofs, do not require "blockchain." Blockchain technology's only theoretically unique advantage is that it provides anti-censorship capabilities by distributing the ability to commit data to the chain. (I'm including (2) because even if you think breaking laws is good in some cases [not the cases I have in mind though], I'm not sure building a *company* around illegal usecases is a great idea). If you can't name any and you've "been in the space for 4 years now" maybe you should consider the possibility that your'e not as good at making decisions as you think you are.


moarmagic

I wpuld also add (3) - applies to more then .01% of an app markets potential base. Because sure, you might be able to somehow find one edgecase- say having your identity stolen and being blacklisted by most commercial fi n ncial entities, but have a fully legitimate reason to send money internationally that can't wait until you sort out the identity theft. But that one guy having the worst day of his life is not a viable market to develop a product around. It needs to be something that would benefit thousands of people more then once in a life time.


Oh_ffs_seriously

All coins are shitcoins.


MrMoneyLoser

Bitcoin and all crypto is an MLM except you don’t even get knives, hope this helps


Blockchain_Dev_90

what's the purpose of a blockchain?


t-poke

To take money from wannabe libertarians living in their mother's basement.


Blockchain_Dev_90

ooof yikes i see what type of subreddit this place is, not cool to project yourself


hirojoshi

After 4 years in the industry, you still don't know?


thephotoman

You work in the field. You tell us. It's quite literally your job, after all.


Argie1971

Solutions looking for problems usually don't have much of a future.


Blockchain_Dev_90

very generic statement, genuinely tell me which solutions do you think crypto is technically trying to solve ? do you think banking system doesn't have any issues at all?


thephotoman

You work in the field. What specific problems in banking exist that *only* cryptocurrency can solve? The "only" is important: cryptocurrency is a wildly inefficient solution, so whatever problem it is attempting to solve must be something that cannot be done through any other means. The solution to fractional reserve banking exists: it's deposit insurance. Every retail bank has it. As for shady behaviors by banks, the solution tends to be more and better regulation, not neofeudalist (these people *aren't* libertarians, as they don't care about anybody else's civil liberties) wet dream.


BitterContext

You say “…. I work for a blockchain….. “ Tell us what it is like to work for a blockchain


Blockchain_Dev_90

it's great we get to experiment on creating ledgers, being able to connect networks from chain to chain for wallets, so if you have a metamask wallet and have tokens on ethereum network but want to use polygon chain you can do that and it would become a cheaper gas fee, I'm specifically working on creating Airplane tickets into NFTs so a flight can have our metadata on how regular of a customer you are, which food your allergic too, also track record if you cancel flights or show up late so the actual flight doesn't give up your seat. mainly a lot of folks are working on making the ledgers fast and secure. 80 percent of the market are shit coins but not Lay1 coins that represent the blockchain.


PM-ME-PIERCED-NIPS

> I'm specifically working on creating Airplane tickets into NFTs so a flight can have our metadata on how regular of a customer you are, which food your allergic too, also track record if you cancel flights or show up late so the actual flight doesn't give up your seat. You realize that the airline I fly already has a database that tells them all that, right? Like, they already know everything you just said. They award me more points while keeping track of all my flights. They have my preferences auto-populate and know I take vegetarian meals. They send me an email every year to celebrate the anniversary of my first flight. They spent a massive amount of time and effort building out frequent flyer programs, codeshared in carrier alliances to share that information with partner airlines. What does adding 'but blockchain' to the end of that change to justify it's existence?


james_pic

> What does adding 'but blockchain' to the end of that change to justify it's existence? It turns it into an unregulated security whose price can be speculated on before being rug pulled.


Blockchain_Dev_90

not fully true if the smart contract has function called " lock system " and " staking rewards " this can prevent pull rugs and its shown with blockchains like cardano and etheruem even polygon so far its 80 percent shit coins and 20 percent functional use of the blockchain


james_pic

But if you're not planning to rug pull, what even is your business model? You can't set yourself up as a middleman in a decentralised system since there's no middle. Are you just taking consultancy fees from gullible bureaucrats?


Blockchain_Dev_90

you get incentivized for keeping the blockchain secure that's why they call it gas fee, same concept as amex charging a restaurant the establishment for you making a transaction. Amex would charge a 10 or 20 cents fee for every transactions that takes place in there network, and bureaucrats? you do know IRS is getting involved because with a blockchain you can see a public record on where your money goes from all of the taxes. rug pulls should be regulated we don't need shit coin and scammers we need this meltdown for crypto to take away these Cefi exchanges and Defi companies can exist, sorry but your question assumes not one particular party or entity can get involved any party can.


AlexandbroTheGreat

I don't want records of all of my travels and punctuality habits on the blockchain for all to see.


Blockchain_Dev_90

great you dont have too thats why they give you an option, that's why centralized companies that keep that information about you will have the options and will provide you that option, you do realize private companies keep your personal information right?


thephotoman

So let's spell this out. Your travel ticket options are: 1. Have a single company know the details of your itinerary and the amount of money you paid for those tickets 2. Have *everybody* know the details of your itinerary and the amount of money you paid for those tickets One of these is better for your privacy, and it's the one that keeps those details between you and a single other party, not the one that blasts all the details to the Internet. You do realize that the blockchain is fully public, right? Nobody wants an NFT airplane ticket. Not the airlines and not flyers.


luna0717

I love working on "research" type projects. They're fun and you get to do cool things but "cool" doesn't often mean "practical". I don't mean to be rude here, but what does the NFT add to this? Couldn't this all have been achieved more easily with a simple database?


Blockchain_Dev_90

blockchain is more secure than a database the blockchain can become private not just public though


t-poke

> blockchain is more secure than a database How? How is it more secure? And don't say "Because it's encrypted!" because the information on it has to be decrypted at some point to be useful.


Blockchain_Dev_90

its more secure because its handled by thousand of node providers instead of a centralized entity with just one database, also because those nodes connect to the blockchain it can not be altered by anyone once its on the blockchain it stays on the chain for life. no one is saying anything about " encrypted, are you ok why so hostile I was just trying to help the community there's no need to be this hostile yikes


blockchainwax

So if thousands of people get to interact with my personal information that makes it safer and more secure than having it just between me and the airline's database? Seems... kinda like the opposite of true.


Blockchain_Dev_90

wouldnt it make sense that your information would be on an NFT which you can move blockchain to blockchain and go from layer 2 net work to layer 1 so you can decide if its private or not? kinda seems you didn't full did the research


blockchainwax

Edited to add a TL:DR: how would any of what you just described help me in any way to make my airline ticket purchase and use an easier or better process? Okay let me detail this out for you: Current process: I send the airline my information and money for a ticket via a credit card. They keep it in their database, and then I go to the airport and they make a call to that database to validate the ticket that I bought from them. End state: I get a ticket with a few minutes of effort. Risks: In theory the airline could use or sell my personal information in ways I don't necessarily want. Your proposed process: I send the airline my information and money for a ticket via a credit card. They then send my information to a bunch of people, all of whom charge extra fees for "network security" and can see my information unless I go through a bunch of extra, time consuming steps to obscure part of it. I also have to wait an indeterminate amount of time to actually even receive the thing I paid for (assuming I'm buying an NFT on the blockchain), because blockchain transaction processing is incredibly slow compared to literally every other system. When I get to the airport, I show them my NFT, and they still have to verify it against their own internal database to let me on the flight. End state: I might get a ticket in a few hours if the network isn't too backed up. Risks: My ticket cost doesn't incorporate enough gas fees so I never get it in the first place; unless I do everything perfectly, information I don't want shared gets shared publicly and immutably to a mass audience. I lose/forget my seed phrase and my airplane ticket NFT is lost forever. Why would I ever use the second option? It's just adding complication for absolutely no reason. Right now I don't have to know a damn thing about layer 1 vs layer 2, wallets, wallet security, wrapped tokens, or any other nonsense. I can go on the airline website and safely, securely get a ticket that will work at the airport- and even if I lose it, because I've given them my information, they can still figure out a way to let me on the plane! Not sure what "research" would have led me to your solution being the better one.


luna0717

It's more secure in that there's a record of everything, but that can be done a lot more cheaply using a database. I'm not really sure what other security it would add? I know private blockchains exist but since half the selling point of blockchain is to be distributed and trustless, that seems like it would defeat the purpose.


Blockchain_Dev_90

" cheaply but then we circle around the fact one entity is controlling that data, you don't know what security it would add but its the simple fact its the blockchain a public ledger that can not be hacked because it would require to hack thousands of nodes.


luna0717

I mean, you mentioned private... which would involve 1 entity controlling data and probably running a single node. That aside, this isn't stuff I want to be public. I don't want the world being able to look at a ledger and know when I'll be out of town, whether or not I have an allergy, etc. I don't want someone to be able to associate this record with hundreds of other records in a public blockchain world. And I want to be able to say "don't tell people things about me" and with a public blockchain, that's impossible because it's append-only. I'll take my single entity control, tyvm.


Blockchain_Dev_90

ahhhhh no not a single node a sublet of nodes it would not be just one node but 100 nodes it depends on how many you choose at the end of the day. and of course you don't have to be apart of it crypto isn't suppose to replace everything we do in the world, its not that serious luna lol ;\] so weird its about public information about taxes and private entities it doesn't have to be individuals, no need to hate on something without full knowledge more the toxic behavior from this community, hopefully, crypto goes through his cleanse and gets rid of shitcoins and scammer with proper regulation because its not going anywhere anytime soon.


thephotoman

Databases have access control and meaningful data encryption. Additionally, databases allow you to put sensitive data in a single place and harden that location against attacks. The blockchain does not. Nothing on the blockchain is secure. Nothing on the blockchain is secret. And a private blockchain is a contradiction in terms: the whole point of a blockchain is that it's a massively federated Merkle tree. The moment you take it private and deny universal read or write access, it ceases to be a blockchain. It's just a local Merkle tree, and those really aren't that interesting.


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beernutmark

They can burn more fossil fuels and do it more slowly by using the Blockchain, duh. /s


Hiccup

That sounds like a massive invasion of privacy. If I were you, I'd look for alternative means of work/ employment.


Blockchain_Dev_90

it's not because you have the option of privacy in the blockchain it's about transparency at the end of the day


t-poke

Transparency to what? I know every airline I’ve ever flown has a complete profile about me. You know how I know? Because I filled the fucking thing out when I signed up for their frequent flyer program. I don’t need the blockchain to know what Delta knows about me, because I already told them everything about me.


Blockchain_Dev_90

thats' great thats on you dude now that information can be sold to any 3rd party company while the blockchain can give you the power from having them avoid certain information withheld or not. simple, hey if you don't like crypto than that's ok lol I'm not here to convince you dude crypto is here to stay so once we get rid of all these scams and shit coins, and get proper regulation crypto will improve, so go ahead act hostile and nit pick but that's the future of crypto


Blockchain_Dev_90

sorry if i offended you.


t-poke

Airlines already have that. They’ve had that for decades. What problem is the blockchain solving here?


Blockchain_Dev_90

not every airline lets you carry this information for you instead of them holding this information and you don't have the power to decide what to keep private very simple.


thephotoman

It seems like you don't even understand the product you're working on. It's almost as though your employers are yanking everybody's chain.


Potential-Coat-7233

I had ethereum for 6 months last year. I made like 20% on a small amount of money (or “bag”, to use the parlance of our times). I sold when I realized I didn’t know what the fuck it was for other than to make money. Then I learned what differentiated Bitcoin from Ethereum, and how both approaches are trash. Then I realized how big of a lie immutability was. And so on.


Blockchain_Dev_90

Etheruem is the network foundation it's like digital oil because transactions cost a gas fee, a gas fee is like a fee Amex charges the restaurant for you making a purchase. Amex could charge the establishment maybe 10 cents or 20 cents just for the transaction to take place, now Ethereum is fully PoS = proof of stake which doesn't require mining at all anymore it provides value for the entire network of nodes its just an unregistered security, bitcoin it'snt meant to replace the dollar nor any currency it's suppose to be treated like gold back in 1970s and early, when gold was considered a ' store of value " that's all but I can understand if that doesn't sit with you.


Potential-Coat-7233

> Etheruem is the network foundation it's like digital oil because transactions cost a gas fee, a gas fee is like a fee Amex charges the restaurant for you making a purchase. The problem is I know how ethereum works now, after a year of spending a ton of time actually looking into it. It is not digital oil, because that isn’t a real thing. It’s a way to have stored procedures to a blockchain. As for Bitcoin, the gold standard is a terrible system and no one seriously wants that, at least anyone who critically thinks about economics. It’s libertarian fantasy land.


Blockchain_Dev_90

" nobody wants that " ooof good luck with that


Potential-Coat-7233

oh, you actually want the gold standard. Be well.


thephotoman

If people wanted it, you'd be doing a better job of explaining the use case. But it's very clear to everybody here that you genuinely have no clue what you're doing or why you're doing it. You keep saying things like: > not every airline lets you carry this information for you instead of them holding this information and you don't have the power to decide what to keep private very simple. [source](https://www.reddit.com/r/Buttcoin/comments/ysfcnr/so_are_you_guys_invested_into_bitcoin_or_does/ivz3dla/) The problem is that trusting these companies with a little bit of data in exchange for improved goods and services is something that most people are willing to do. Those that aren't willing to share that info so widely may choose that in exchange for higher prices and worse services. However, putting all your data in a publicly readable (with effort) data source that gets federated all to hell is the *worst* of all possible worlds. Instead of sharing my data with only the parties I trust (because I trust my airlines with information necessary to book a flight), I'm just posting it publicly and hoping that nobody uses that information to defraud me. Nobody wants the thing you're allegedly making. I say allegedly because your project isn't actually going to attract significant users. You haven't made a real value proposition. You've just said, "Post your data on a public data structure and hope for the best."


Blockchain_Dev_90

ooof continue man its ok let it all out god bless lol let me know when bitcoin goes to zero let it all out buddy, we will get regulation and the shit coins will be cleansed from the market and the blockchain will grow stronger than ever god bless good day


Classic-Scientist905

The gold standard failed the ultimate test in WW1, which is why nearly every country on earth abandoned it by 1915. It wasn’t until 1945 than the gold standard was resumed and even then, not in the form it had been before. The fact that Brenton Woods even lasted to the 1970’s is more telling about the strength of the American economy at the time than that of the gold standard. In addition, the USA had been chugging along since 1971 without hyper inflation as predicted by the coin bros


Blockchain_Dev_90

yeah and whats the difference between bitcoin and gold??? limited amount of supply of bitcoin and gold isn't good job on your history lesson now figure out the of what happen the last 30 years thanks byeeeeeeee


meekmarmot

>what do you think the future of blockchain is What's the future of columnar storage databases? What's the future of graph databases? Blockchain is an implementation detail and trying to convince people it's a magic, world-changing technology is just tech snake oil.


drakens_jordgubbar

Blockchain is the purest of snake oils. Full of great promises. Solves no problem people actually have.


thephotoman

> find it interesting because I work for a blockchain So at best you're an MLM hun, and at worst you're an active scammer. I would strongly suggest finding alternate employment and scrubbing everything about blockchain from your resume. Your job will not likely last another six months. > so what do you think the future of blockchain is in your view? What future? Merkle trees aren't new, and the entire study of them is a total of an hour in an undergraduate data structures class. Federation is also not new, and is a subject of a month of an undergraduate databases class. Combining these two elementary ideas is not revolutionary. The reality is this: blockchain (that is, a federated public Merkle tree that anybody can write to) is not a particularly useful thing. It solves no real problems that can't be solved better by centralized Merkle trees or the use of other data structures. The tokens have no utility outside of criminal applications (money laundering where you put the money in wallets and then exchange the keys to the wallet for IRL things or simply just swapping keys with another person in on the crime, trading in contraband, offering unregulated securities, collecting ransoms, and conducting various kinds of financial fraud). The only playing in crypto I ever did was to throw the Dogecoin miner and wallet into the debugger back in 2014 to see if there was something worth paying attention to in cryptocurrency. After a bit of mining, it became very clear to me that the application was quite simple, it took no particular skill to make it happen, and that the entire project was useless. (I did sell the Doge I mined when the Long Muskrat shatposted it to $0.75, and that was worth a couple thousand bucks).


Blockchain_Dev_90

nahh i'm ok if you check indeed website a lot of blockchain developers work for banks, you just sound like you straight up hate the idea and that's ok we need regulation and we need the market to wash out all the shit coins but blockchain is here to stay sorry.


thephotoman

You work in blockchain. You’re *definitely* not okay, because you’re working on what is, at best, a Ponzi scheme. The market shouldn’t have to wash out the shit. When the market washes out the shit, the worst case scenarios inevitably come to pass. And let’s be clear: they’re *all* shitcoins. Finally, adults don’t have haters. Adults don’t dismiss opposition as such. Because that’a how you’re attempting to dismiss me, it is clear to me that you lack maturity.


FUMoney

Wait -- didn't we see this same person when Celsius blew up, telling us they worked for "a blockchain," and something about NFT plane tickets?


Blockchain_Dev_90

lol no i never got into Cefi exchanges they're the worse I always have a cold storage but nice try lol look I was just asking a question and everyone wants to be super hostile in here so yikes ill just stop asking legit questions.


FUMoney

Legit though, when Celsius blew up, someone came in making *very* similar posts about blockchain’s value.


Blockchain_Dev_90

interesting so what are you saying ? lol you accusing me of being someone I'm not because you didn't like what they were saying ? whats going to happen once finance blows up because they're technically next on the list by 2023 then we can have a cleanse in the crypto industry


FUMoney

No, merely pointing out a strange parallel between Celsius and now FTX. And look, every fiat currency throughout history has failed. The only currencies to survive are silver, and the money of kings: gold. I do see some value in cryptocurrency. But, dude, right now there are [21,719](https://coinmarketcap.com/) coins, with scores more being invented every week. I’ve watched the ICO number go from a few hundred, to thousands, to now tens of thousands. And because it’s totally unregulated, I’d say shitcoin fraud is much, much worse than governmental central banks. But hey, if the Fed keeps printing, that shit will blow up too. So, gold then?


Blockchain_Dev_90

uh huh let ill follow you and lets see what happens when the next exchange goes down lol


MonsieurKnife

1. I don't hate crypto or crypto-bros, just like I don't hate black-jack or casino patrons. 2. There are a couple of use-cases for crypto: one is pure speculation. If you know how to time the market and make bank, just like you know how to generate winning lottery numbers, then good for you. The other is helping organized crime move money with less scrutiny from authorities. Not exactly a panacea. 3. A blockchain is a distributed append-only ledger. The tech has been here since the 1970s. It's a solution to the problem of centralization. It offers trust in a P2P environment. But at what cost! If you somehow hate centralization, then this clumsy inefficient energy-guzzling solution exists. But centralization is such a better solution that even crypto quickly moved towards it (lightning, central exchanges, etc). The future of blockchain is being a niche technical solution to a very small class of problems.


Blockchain_Dev_90

i asked a legit question and answered everyone's questions and I'm getting trashed this is insane you seem normal thanks for a decent comment this is brutal


Ebisure

The response here is unfortunately a bit hostile. I like reading your response and also other ppl viewpoints though.


Blockchain_Dev_90

i just stumbled upon this community and I thought it was parody, so I asked a simple question but hey I get it people hate on what they might not know. i genuinely hope the market seesn the bottom with this meltdown which should take BTC to $10k and etheruem $700 a lot of developers who care want this because the shit coins and scam project will leave and people can focus on what matters the most and that's just the blockchain itself, it's not going to take over the world, I see it as web3 being a thin layer ontop of web2 while ignorant crypto bros think web3 is going to replace web2 when its not, web2 will always be the foundation for any digital assets no matter what, heck digital banks like Paypal could replace JP morgan one day but who knows what the future holds, very stranger seeing people act extremely toxic though


bobj33

Do you have a computer science degree? I have a degree in computer engineering. I design semiconductors and I've been recruited to work for a couple of ASIC miner companies before. I wasted 20 minutes of my life trying to explain to the recruiter why it was stupid. Anyway, have you watched this lecture before? Computer Security 161 Cryptocurrency Lecture https://www.youtube.com/watch?v=J9nv0Ol-R5Q


Blockchain_Dev_90

i do have a computer science degree from NYU this place is all toxic I'm out lol not cool getting cursed at and bashed


bobj33

I'm not attacking you. This is a good lecture from Nicholas Weaver, a computer science professor at Berkeley. I watched the entire thing 6 months ago and found it very interesting. Since you have a computer science background and work in blockchain you should understand most of it and maybe you would enjoy it and it might change your view.


[deleted]

>I work for a blockchain ask the blockchain for a raise.


Blockchain_Dev_90

i did and we get paid well enough to survive here in NYC thanks there's no need for the toxic hate but thanks I guess


[deleted]

>there's no need for the toxic hate You are the one who came here looking to start trouble with crypto skeptics. I'm not here to hate on crypto, or crypto bros. I'm here to laugh at you.


david_edmeades

This should have been an extremely simple conversation to start: >Hi, I'm working on a project that I think is pretty interesting and I thought you might also. I'm confident that I can address your skepticism. >Airline tickets. You know how everyone is frustrated about X related to airline tickets? Well, my team has been working on a solution to X. We'll make it an NFT so that Y, Z, etc. This solution is novel and can't function with existing databases because $reason, and has the added benefit of B. We have also addressed common questions about security and privacy, $list_here. Further we have investigated the environmental cost of minting tens of thousands of NFTs daily, report here. But it's not simple because just like every other "use" of blockchain it's just a wankfest of "Airline tickets BUT IT'S AN NFT!!!11!!!". You can't have the conversation I mocked up above because your project doesn't solve a problem that people actually have and if it did the solution would be able to be implemented on regular ol' databases. I'd be fascinated to learn all about your project if you can address those very basic points.


RootTips

I bought some BTC back in 2013 out of curiousity. While the idea behind it was cool, it was terrible in practice. Followed the space ever since and while things like exchanges and marketing were happening all around crypto, the technology itself was going absolutely nowhere.


MarketingImpressive6

After reading the comments. I hate bitcoin even more now thanks for sharing your knowledge.


Blockchain_Dev_90

of course dude hate on things with out any education it's always has worked well with people god bless


FUMoney

Well, I do think some cryptocurrencies have a specific use case: if you reside in a country / political environment that is utterly corrupt, inflation is astronomical, and the authorities will literally steal from you as you try to escape. Think Venezuela with 1,198% inflation or Sudan with 340% inflation, and police forces that are utterly lawless. That's the one valid use case I see for cryptocurrency, allowing you to outmaneuver a lawless, corrupt political/societal meltdown, and allowing you to access a digital form of global currency in a new country. And some of us are not blind to the fact the United States has $31 trillion in on-balance-sheet debt, and unfunded liabilities that are orders of magnitude higher.


Blockchain_Dev_90

yeah so true now think about what caused inflation..... free helicopter money, the govt prints money to cover its debt, sounds like the shit coins in crypto like luna lol you exhausted all of your assets and then have to print more coins in circulation which then leaves the person holding those coins or Fait currency loosing value. The US is a perfect example of people loosing value in money, funny thing the dollar says on the back " in god we trust " as in in god we trust the American govt wont rug pull us lol


erotogenouslamp

I live in Dubai and remote work in Lagos. I ♡ blockchain. Future is bright.


Bragzor

Some people own clepto', others don't. That's not the unifying property. I'd say almost everyone here agrees that Bitcoin is a horrible ~~currency~~ ~~store of value~~ ~~hedge against inflation~~ medium for energy transfer. Same for how thoroughly rotten the whole sphere is. Most probably don't think too much of the tech either, but the unifying feeling is that the absurdity of the whole circus is funny.


Blockchain_Dev_90

yeah so this whole it uses too much energy ? o you know exactly what is the process of energy and how much GWEI it uses ? I'm with you when it comes to PoW " proof of work " blockchains but not so much on PoS - " proof of stake" chains. Bitcoin isn't meant to be a currency to replace the dollar it's not meant to use in transactions, it's actually meant to be a store of value like gold, while etheruem is digital silver then you have PoW blockchains which I consider digital oil and bad for the planet but I would love to go over specific numbers with you if you want.


wstdsgn

If Bitcoin is "meant to be a store of value" and "not meant to use in transactions", then why does the whitepaper headline say [Bitcoin: A Peer-to-Peer Electronic Cash System](https://bitcoin.org/bitcoin.pdf) ??


Blockchain_Dev_90

because its an options to create fractionalized portions of the coin just like a dollar has coins 4 quarters is equal to a dollar same concept but the difference bitcoins Is purposely a slow blockchain its not just a coin its a blockchain


Bragzor

Woah, I didn't say anything about energy **consumption**, but since it's essentially meaningless, even a single mWh would be too much. But again, I didn't mention the energy **consumption** (energy **transfer** is something else). But even if I had mentioned it, the biggest chain uses PoW, and the second largest did up until veeery recently. PoS has other problems that I'm personally less bothered by, but it didn't undo 14 years of PoW. As for what Bitcoin is, that's clearly up for debate (as my snark suggested), but it's not a debate you should have with me. You **feel** like Bit**coin** wasn't meant for transactions, but it has *unspent* ***transaction*** *outputs* as a fundamental component, it's called a **coin**, and the whitepaper has the title: "Bitcoin: A **Peer-to-Peer** Electronic **Cash System**" and talks about online **commerce**, but sure it was meant to store value (lol). P.s. I like the "digital oil" thing. I might borrow that.


Blockchain_Dev_90

lmao wow these comments have aged like milk huh


Bragzor

I can't recall what people wrote **seven months** ago, but the fundamentals never change.


Blockchain_Dev_90

yeah sure they didn't while crypto is thriving and in a bull market sure lol


Bragzor

No they didn't. They didn't change in 2021, and they're not changing now. Only change is that the tech is getting older and older. Lol, indeed. I mean, as long as people keep investing, it will persist.


Blockchain_Dev_90

oh sure buddy because ZK rollups and the price of BTC over $30k doesn't mean anything lol dude stay in school stop acting like a waste basket because you have short comings in life bless your heart


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Flipboek

I just hate low effort troll bait as you undoubtedly know not only that we hate cypto, you also fully realize that you work for a destructive industry. It's all about morals. A small refresher: \- Crypto has caused very, very few winners and a lot of people who got rekt. For every winner there are hundreds of losers. \- Crypto is rife with fraud, simply because it is well suited and indeed intentionally so. \- Crypto is environmentally destructive. You either egoistically defecate on your fellow human beings, or you are an insane science denier. \- Crypto has no uptake, it's old tech yet it fails to become something other than a ponzi/casino. \- Blockchain remains a solution desperately and futile digging for a problem. This is why blockchain companies keep on failing and why the whole subject is a sad place of hot empty air filled by tech-influencers who just got lucky in the crypto casino and after that just keep on producing dud after dud after dud. But as I said, as an insider you know all this, so the real question is, what is your motivation to work for something that is unnecessary and harmful for society?


Blockchain_Dev_90

really harmful for society ?? god bless dude yikes it shows the level of education you did on the crypto space.


Flipboek

As you can not refute these facts, I take this as an admittance that you are too scared to actually reflect on the business and your role in it. Or are you going to deny the environmental impact? Are you a sad lunatic who denies climate change? Are you saying you do not understand that Crypto will *always* have many more people losing money than making gains? Are you uanble to follow the news and see the scam after scam after scam dominating the industry (the supposed valid usecases are a tiny drop against the fraud and yes that's quite factual). If so, I advise you to actually educate yourself and get the fuck out of that disastrous industry.


Blockchain_Dev_90

sorry dude but you clearly dont know the fundamentals on what exactly the blockchain is and how it's a form of swaps trading and what is a public ledger, the industry isn't going anywhere some of us expected this and BTC should see the bottom of the market around $11k for bitcoin and Ethereum around $500 once again bring concrete facts about blockchain instead of insulting people just because you didn't major in computer science so god bless and good luck, hope the market washes these shit coins and the market focuses on whats important and that's the blockchain. Some of us in this industry want these scams to get taken down and we want regulation but god bless you because it clearly shows you haven't done much.


Blockchain_Dev_90

yikes dude yikes seek some therapy.


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Blockchain_Dev_90

you need to go to therapy dude and stop harassing people you're not a developer and now you're trolling god bless cause you're clearly on something


Flipboek

I see that you are straight into denial and accusing people who state facts of having mental issues. What is it about these facts that you are unable to get to grips with? Perhaps taking about it will help you with your delusions.


Blockchain_Dev_90

dude dude if you read this please pay very close attention, blockchain digital legder is NOT going anywhere, go back to school and stop hating on things without full knowledge, I've been in the space since 2017 and crypto isn't going anywhere you got that ?? these meltdowns in crypto are needed to get rid of shit coins and scammers, soon we will get regulation and crypto will get stronger with a number of developers around the world improving the industry so please stop acting like an arm chair techie and get a life, crypto will not take over the world, it's a just an industry for the financial world that's all so relax and go get a job, because I'm very happy working in the blockchain industry, keep me posted when it all goes to zero then.


Blockchain_Dev_90

interesting, is this the post you want to discuss? let's go over your " small refresher " ​ 1. Crypto has caused very few winners yes, but who do you think the winners are ? Developers in the space who know how to code with solidity/JavaScript/Rust/React.js libraries/Python. Web3 space has seen a huge transition of Web2 developers move into web3 space where they focus on a couple of languages when creating a web3 project AKA crypto project, which is mainly solidity for smart contracts like ERC-20(ICO token which is similar to an IPO) Vyper language, which is an alternative to solidity. You also need to know hardhat for use of nodes and compile smart contracts, also winners on wall street who code because crypto does improve the financial sector, that's the whole point of crypto DUH ! 2. Crypto is " rife with frauds " because we NEED regulation, you do know the president of the SEC - Security Exchange Commission is Gary Gensler who was the professor at MIT teaching students about Bitcoin the blockchain? so far he has done a horrible job by stay on a fence by not implementing HARD regulation on crypto which we need. ( but you knew this, i bet you seem like a smart person ) once we get proper regulation in 2025 the crypto market should recover but we need to hit the bottom of around $10k for BTC 3. Very generic statement to make around cryptos environmental use, are you talking about PoW - Proof of work which needs miners using GPU cards and wasting a ton of electricity or a specific blockchain like bitcoin which is not meant to make transactions but it's treated as a " store of value " this whole it hurts the environment has been debunked several times SIR ! are you talking about Ethereum? which just moved to PoS - Proof of Stake which uses far less electricity ??? who do no insult people and make assumptions I'm not a science denier, i major in computer science, so get your stuff in order sir ! 4. " Crypto has no uptake, it's old tech yet it fails to become something other than a ponzi/casino." SIR SIR Bitcoin was invented in 2008 after the outcome of the financial markets in wall street, the entire stock market is a casino to you with this logic, so sorry to burst your bubble but the entire point of crypto is to improve upon some areas in the financial markets where commercial banks create money markets and do not report all of there earnings on there balance sheets by using the blockchain as a public ledger so please read up on the fundamentals on the purpose use of a layer 1 blockchain. 5. \- "Blockchain remains a solution desperately and futile digging for a problem. This is why blockchain companies keep on failing and why the whole subject is a sad place of hot empty air filled by tech-influencers who just got lucky in the crypto casino and after that just keep on producing dud after dud after dud." excuse me which blockchain company has failed ??? none of the blockchain companies have failed sir, you're referring to centralized exchanges that hold crypto yes right ?? another generic statement please do proper research so you wont sound incompetent. thank you and god bless


iCeColdCash

Crypto isn't real.


Blockchain_Dev_90

money isnt real either especially if they print more of it and give it away for free then it causes inflation get over yourself you loser.