[HN Gopher] Barry Diller says cryptocurrencies are a 'con'
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Barry Diller says cryptocurrencies are a 'con'
Author : edroche
Score : 20 points
Date : 2021-05-21 20:55 UTC (2 hours ago)
(HTM) web link (www.cnbc.com)
(TXT) w3m dump (www.cnbc.com)
| mullingitover wrote:
| I get the feeling that in a couple decades we're going to put
| them up there with asbestos and tetraethyl lead in terms of
| negative externalities.
| gengelbro wrote:
| I live near a small airport with a lot of air traffic fueled by
| tetraethyl lead (avgas). So it seems society hasn't really
| caught up if it's a rich person's hobby.
| nikanj wrote:
| Or just up there with Beanie Babies as an investment vehicle
| agiz wrote:
| That is not a nice thing to say about Barry Dillers.
| tisFine wrote:
| Crypto would be more interesting if the networks offered
| federated compute capabilities.
|
| Owning crypto would be akin to owning a certain amount of
| capacity to use the network to do work.
|
| Similar to land to farm or build housing on. A foundation to
| build applications on.
|
| As is it's just another shiny thing to convert to real currency.
|
| Also, keep in mind Barry Diller is hardly a non-biased voice.
| lxgr wrote:
| There might be some interesting applications, but wouldn't all
| those applications be fully out in the open, both code and
| data?
|
| Zero-knowledge proofs and whitebox cryptography can probably
| help, but both are a far cry from general purpose computing /
| programming models.
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(page generated 2021-05-21 23:02 UTC)