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Joined 1 year ago
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Cake day: June 29th, 2023

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  • Thinking these would only be blockchain issues is naive or dishonest. People sign weird contracts all the time (have you ever read a EULA that you’ve agreed to? Those things are wild), people are falling for nigerian prince schemes RIGHT NOW in the year of our lord 2023, and modern day identity theft is stealing homes without the blockchain. Having an immutable ledger would help rewind things when they go wrong if anything.


  • Digital proof of ownership. I dont think you realise how important that could be. Right now NFTs are AI generated PNGs, but if it has its chance it could be fully functional digital paperwork. It doesnt matter if someone can right click save the deed to a house if we know which ones the “real” one. Only one example. And sure the tech has been around for ~10 years but we both know its REALLY been around for ~4. Maybe its going to stay as one big ball of “potential” forever, which seems more and more likely by the day. In a few years time if nothing comes of blockchain tech except more headlines of idiots losing money ill be ready to sign the whole thing off.



  • The thing is that blockchain technology is actually pretty impressive and has potential to change society. Prove-able digital ownership is massive, but what it is currently used for is literally just a scam. Crypto is too volitile to use as a currency, NFTs are AI generated slop (even though the term NFT should be used in a wider context) and blockchain apps and the general environment are in its infancy, being generous. Until more developments it is either a scam, or a lottery.