Dennis Gorelik (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
dennisgorelik) wrote2018-02-01 10:42 pm
dennisgorelik) wrote2018-02-01 10:42 pm
Entry tags:
- bitcoin,
- blockchain,
- bubble,
- fraud,
- scam
The real purpose of Blockchain technology
===
https://news.ycombinator.com/item?id=16246124
The blockchain is an interesting Computer Science toy. But in the 10+ years since it was invented, the only real application that anyone has found for it is Massively Distributed Ponzi Schemes.
...
You need the blockchains to impress the idiots who buy shares.
===
Bitcoin is at ~$9000 (down from ~$14000 when I posted my Bitcoin forecast).
Hopefully it would keep falling down to the price where it belongs (~$0).
https://news.ycombinator.com/item?id=16246124
The blockchain is an interesting Computer Science toy. But in the 10+ years since it was invented, the only real application that anyone has found for it is Massively Distributed Ponzi Schemes.
...
You need the blockchains to impress the idiots who buy shares.
===
Bitcoin is at ~$9000 (down from ~$14000 when I posted my Bitcoin forecast).
Hopefully it would keep falling down to the price where it belongs (~$0).
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Bitcoin transactions?