this post was submitted on 02 May 2022
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Technology

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It's long, but well divided into sections and worth every second of it.

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[–] wazowski@lemmy.ml 5 points 2 years ago* (last edited 2 years ago) (13 children)

i agree that there's an immense amount of overhype and dubious applications of these technologies, and the important point in this video that i really like is that blockchain technology can only fix problems that exist entirely in the digital space, that is, you can't fix societal or tangential problems with it

but, are you really unable to imagine even a single application of blockchain could be actually useful? for example, purchasing distributed compute, or rewarding users for renting their storage space, or a git hosting service where repositories/organizations are managed via DAOs? or any number of combinations of these?

the technology is useful, it's just been extremely overhyped and overinflated by capitalists trying to extract as much profit as possible, which distracts ppl from legitimate applications of these technologies 🤷‍♀️

[–] SrEstegosaurio@lemmy.ml 1 points 2 years ago (1 children)

It's not really escalable as far as I know, but I could be wrong too.

[–] wazowski@lemmy.ml 1 points 2 years ago

you mean scalable?

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