We have been on this path for centuries. Compare the symphonies of 200 years ago with our current music or painting. We humans prefer quantity over quality.
I see nice paintings (not black squares or abstract nonsense) like all the time. Feels like more people can paint at the level of “classics” now. Of course they cannot surpass the deeper meaning of the originals, because they aren’t dead yet and there’s no mystery and legacy around their names. But otherwise they are pretty good at making cool pics.
There is no doubt that the executive team at FTX should be investigated and pay for what they have done to their users, but let me tell you one thing, they did not force you lazy greedy humans to put a dime into FTX without reading what is an exchange and why everything you have inside there is not yours.
Given this, the fact that some of you believe that this is a flaw in blockchain technology worries me because: either you just hate (stupid position, it's like hating toasters) and you're taking pleasure in other people's misery or you really don't know what blockchain is and you don't understand the value it can add.
The saddest? That tomorrow another Ivy League graduate with trouble understanding a Ponzi scheme will go to a VC and be given millions to create nothing.
Your attitude toward your fellow humans isn't so good, and comes out in each line of what you write. Maybe you should rethink your contempt for humanity? You don't see very happy.
> they did not force you lazy greedy humans
No, if a CEO lies and commits fraud to steal from investors, it is the CEO's moral and ethical fault.
> the fact that some of you believe that this is a flaw in blockchain technology worries me
All of blockchain technology is "a flaw". And thousands of lines of my C++ are in one of the top five blockchains, so it isn't ignorance on my part to say this.
So far, no application of the blockchain has appeared that isn't cryptocurrencies. The consensus phase is wildly expensive, and yet not at all useful for anything else. And cryptocurrencies are almost as old as the smartphone, and yet the only applications so far are "evading government regulations" (what most people call "crime") and wild, unsupported speculation.
Don't get me wrong. Strong cryptography is great. Digital signatures are great. Merkle trees are great. Just not the blockchain.
I'll pass the personal stuff, I hope you realize you're calling another human unhappy when you're saying I have a bad attitude towards others. Interesting at least.
So in your opinion (correct me if I've misunderstood), having a tool that decentralizes power isn't worth the energy it consumes? Is that why you call it "flawed technology"? With infinite clean energy, would you agree that this is actually a good idea or not?
Use whatever you like. Is a spare time project, you don't want the tool be an excuse to not start right now. The end user doesn't give a shit about minimal performance wins.
