Let’s ignore crypto for a second…
People in the USA loose around $10.000.000.000 per year to scams according to FTC…
Comment on 62% of Funded Blockchain and Web3 Companies Attract Fewer Than 100 Monthly Organic Visitors
JunglGeorg@lemmy.world 3 months ago
I guess most people know a scam when they see one. More than I thought
lemmytellyousomething@lemmy.dbzer0.com 3 months ago
ngwoo@lemmy.world 3 months ago
That number would be even higher if everyone used untraceable and non-reversible crypto transactions.
lemmytellyousomething@lemmy.dbzer0.com 3 months ago
That’s probably true, but just to highlight this: Bitcoin is not untraceable
Zos_Kia@lemmynsfw.com 3 months ago
Even if you were extremely generous and didn’t factor in the scams in your analysis, the reality is that a Blockchain solves problems 99.9% of people will never face. This breaks the whole imagined model, when your product is ultra niche but relies on mass adoption for its security.
Zos_Kia@lemmynsfw.com 3 months ago
Even if you were extremely generous and didn’t factor in the scams in your analysis, the reality is that a Blockchain solves problems 99.9% of people will never face. This breaks the whole imagined model, when your product is ultra niche but relies on mass adoption for its security.
Petter1@lemm.ee 3 months ago
I still hope that it can be used to make efficient transparent democracy somehow 😂😅
knightly@pawb.social 3 months ago
There’s no benefit there that would be useful to anyone. If you need a publkc ledger then you can just do that and skio the crypto BS
technocrit@lemmy.dbzer0.com 3 months ago
Public ledgers are “crypto BS”.
Petter1@lemm.ee 3 months ago
Yea, I was talking about a public ledger where the people ruled by the government host nodes and verify that laws and other stuff decided by the government are all stored there to make it harder for politicians to lie because everyone has the truth and can verify it.
Well something like this, I am not an expert in this, but I can imagine it having a use case there