The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations

Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.

Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.

  • UlyssesT [he/him]
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    2 years ago

    Most supposed use cases besides crime money involve needlessly spreading out a calculation (of a picture of a monkey or whatever) so many more computers have to verify the same calculation as a stupidly unnecessary waste of electricity that also dumps more carbon in the air. And the crime money also does that but dae le drugs amirite stop-posting-amogus

    • ennemi [he/him]
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      2 years ago

      Man what the fuck am I doing on hexbear. Even the most inconsequential disagreements turn into this sort of bullshit, without fail

      • UlyssesT [he/him]
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        82 years ago

        The sort of bullshit like pointing out that blockchain technology has a massive carbon footprint and drastically increases the electricity costs of whatever it ostensibly replaced?

        • ennemi [he/him]
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          2 years ago

          No that’s pretty much on the money, but it’s also a problem with proof-of-work consensus algorithms specifically

          I don’t know I guess it’s just exhausting how everybody has to have a crazy out-there opinion about every fucking thing in or outside their spheres of competence and just loads up that shit with twitter irony like it’s free salad at a salad bar

          • UlyssesT [he/him]
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            52 years ago

            bullshit

            crazy out-there opinion

            loads up that shit with twitter irony

            That isn’t a generous reading of easily found and irrefutable information about the consequences of blockchain technology.

              • UlyssesT [he/him]
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                32 years ago

                Yes, you can. Is there another use case outside of that? You may not like the way I phrased it, but it was a valid point, not “bullshit crazy out there opinion loaded with twitter irony” as you put it. If you can say your opinion that way I can certainly say mine my way.

                  • UlyssesT [he/him]
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                    22 years ago

                    I don’t think so. Not this time, anyway. If you really want to go to bat for blockchain bullshit, that might be cringe though.