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I wasted years of my life in crypto

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681 points Anon84 | 1 comments | 07 Dec 25 12:57 UTC | HN request time: 0.198s | source
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spicyusername ◴[07 Dec 25 13:28 UTC] No.46181533[source]▶
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.

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1. earnesti ◴[08 Dec 25 14:38 UTC] No.46192718[source]▶
> The block chain is, and always was, an extremely inconvenient database.

Care to elaborate? I have been using Bitcoin now 10+ to store my wealth and make payments, and it has been very convenient - not much time needed to use it, and I think I've gotten plenty of value for my time-investment.

What kind of database would you recommend to make it more convenient? Maybe you can write a guide how to implement decentralized value transfer and storage system on top of PostgreSQL, so that the amount of tokens is limited to 21 Million, with similar security guarantees?