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681 points Anon84 | 1 comments | | HN request time: 0s | source
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spicyusername ◴[] 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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panzi ◴[] No.46181570[source]
Yeah and even more crazy: all other applications of blockchains are even more stupid. Haven't seen another application that wouldn't have been better, faster, cheaper implemented in a "classical" way.
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1. troupo ◴[] No.46193391[source]
This was already evident 9 years ago: https://medium.com/@kaistinchcombe/ten-years-in-nobody-has-c...