I wasted years of my life in crypto

I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me.

The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and how dunning-krueger can happen to anyone.

Now the uninformed gambling on futuristic sounding hokum? THAT is easy to understand.

That being said, I'm sorry the author had to go through this experience, the road of life is often filled with unexpected twists and turns.

Blockchain is a very inconvenient database, for sure, but there is a good reason Bitcoin uses it. It had to solve to double spend problem and create a trustless p2p digital cash, while being censorship resistant and having no central authority.

Some people around a decade ago started using blockchain for everything where a SQLite db would have been better, because blockchain was the buzzword around that time, and they were charlatans who wanted funding and hype, or signal how cutting edge they are (kind of how the last two years everybody became an AI company).

It doesn’t mean that Bitcoin using blockchain is stupid.

It's stupid because blockchains don't scale. In most other respects they're quite clever.

In theory a L2 network coukd solve the scaling problem, but every time I've looked at L2 solutions theve had terrible UX.

I thought it was interesting that BSV seemed to scale just fine, and you could also store entire files on it, including JSON, HTML or even music or videos.

This seemed like an amazing innovation to me, made even more amazing by the fact that it was, by all accounts, the original protocol.

You could do some pretty amazing stuff with it, for example store a SPA on chain and then store individual posts on chain, and have the SPA read the app.

Unfortunately, the ecosystem was completely greed focused, and nobody is interested in technological advancement in the slightest.