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681 points Anon84 | 1 comments | | HN request time: 0s | source
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yakkomajuri ◴[] No.46191831[source]
Similar thing happened to me, albeit like 6 or so years ago.

I was very young and had been "in the space" for a couple years. The concept of "decentralization" in general appealed to me as someone frustrated with the abuses of centralized power. I liked the idea of a transparent ledger and wanted to apply it to non-profit initiatives. I even spoke about this at the European Central Bank as a 20 year old (got there via anonymous paper submission -- imagine the surprise).

But very quickly I grew frustrated with how much of the space was scams, people looking to get rich quick, etc. I had been more interested in the applications of blockchain that went beyond crypto but even stopped paying attention to cryptos altogether as a speculative investment. Funny enough, a few people who were "evangelized" by me made a fair bit of money.

I'm thankful though because I got into programming at 18 to write smart contracts, and that actually changed the course of my life quite drastically.

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beezlebroxxxxxx ◴[] No.46192772[source]
> a transparent ledger

The only useful application of crypto/blockchain tech I've ever seen simply takes advantage of the transparent ledger as a way of tracking receipts.

One of the perfect applications is in shipping and logistics where receipt validation, transparency, and certification, is an essential part of the business.

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1. flush ◴[] No.46194121[source]
Is there somewhere that explains this concept? When I "receive" something, there still must be trust that I correctly mark it so. By that point, doesn't it require trust, and therefore you may as well just use a trusted third party data store?