The most obvious stupid scam ever conceived and they actually managed to hook a bunch of actual corporations
Square Enix, Nickelodeon, Coke, KFC, and more fell for this shit while regular people were laughing about how obvious a con it was.
Really puts into question the capitalist myth of the genius entrepreneur and the idea that these corporate types are rich because they are smart or deserving in some way.
Most supposed use cases besides crime money involve needlessly spreading out a calculation (of a picture of a monkey or whatever) so many more computers have to verify the same calculation as a stupidly unnecessary waste of electricity that also dumps more carbon in the air. And the crime money also does that but dae le drugs amirite
Man what the fuck am I doing on hexbear. Even the most inconsequential disagreements turn into this sort of bullshit, without fail
The sort of bullshit like pointing out that blockchain technology has a massive carbon footprint and drastically increases the electricity costs of whatever it ostensibly replaced?
No that’s pretty much on the money, but it’s also a problem with proof-of-work consensus algorithms specifically
I don’t know I guess it’s just exhausting how everybody has to have a crazy out-there opinion about every fucking thing in or outside their spheres of competence and just loads up that shit with twitter irony like it’s free salad at a salad bar
