Author: Tom Gauld
It’s similarly hyped but deep learning has real applications wherever huge amounts of data are involved. The only application to blockchain tech is online crime.
Not really. You can use crypto to make non-criminal transactions too. You sound exactly like EU politicians, “if you have nothing to hide, you have nothing to fear”. Are you saying that you don’t need privacy with your transactions? If privacy is outlawed, only outlaws will have privacy. And it’s the same with crypto.
Theoretically yes. But practically, the whole tech hasn’t reached any noteworthy application at the same age as the Android OS.
The tech is garbage because of its inefficiency and blockchain’s only selling point, trustlessness, is a lie because you have to trust someone eventually to get your tokens - or your notary substitute not to fuck up the code of your smart contract (lol).
This only works for criminals in countries that don’t give a shit if you scam foreigners, like Russia, for example. They know full well who those criminals are though. But that’s fine. Blockchain tech never was meant for privacy (how could it with the ledger being public?)
Blockchain tech never was meant for privacy (how could it with the ledger being public?)
Stuff like Monero can hide that. And even bitcoin is better than banks. You don’t have to link your identity to a Bitcoin wallet, meanwhile some banks even want a sample of your voice.
I definitely like having some money that doesn’t rely on the stability of the government