this post was submitted on 27 Jul 2025
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I agree with this, mostly. The tech is real -- The blockchain has solid math behind it. I don't know if I agree with its value though. The viable usecases are significantly limited compared to the hype behind them. Bitcoin for example is still inherently inefficient compared to conventional payment systems. AI feels a lot like that -- lots of hype with very little substance at its core.
Didn't you hear about the scandals with Steam and Itch with traditional centralised payment processors? Decentralised payments like crypto are a method of solving that issue.
Only in the sense that crypto is an alternative payment method in the same way that pulling out is an alternative to condoms.
Lol, that's great.