wait this community has been shilling a meme coin this whole time I thought were were larping as leftists is that shtick over?

  • Nakoichi [they/them]M
    ·
    1 year ago

    oh yeah it was sure good for that for a minute, but I meant it's only possible use cases are shit like that or grifting and only because of capitalism/war on drugs.

    It's a novelty in search of a use case.

    • space_comrade [he/him]
      ·
      edit-2
      1 year ago

      It's a novelty in search of a use case.

      True, but I think blockchain technology in of itself has use cases. Bitcoin, Ethereum and co. can go ahead and die because they're useless but the underlying technology is essentially a distributed database with built-in transparency mechanisms, meaning it could be used to facilitate for example state bureaucracy. You'd also make looking up and validating info etc way easier. I don't think it's an absolute necessity for a well-functioning state but it could have its uses.

      What most cryptobros are peddling unfortunately is not that but rather pyramid schemes.