334
62% of Funded Blockchain and Web3 Companies Attract Fewer Than 100 Monthly Organic Visitors
(guerrillabuzz.com)
this post was submitted on 12 Aug 2024
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I guess most people know a scam when they see one. More than I thought
Even if you were extremely generous and didn't factor in the scams in your analysis, the reality is that a Blockchain solves problems 99.9% of people will never face. This breaks the whole imagined model, when your product is ultra niche but relies on mass adoption for its security.
I still hope that it can be used to make efficient transparent democracy somehow 😂😅
There's no benefit there that would be useful to anyone. If you need a public ledger then you can just do that and skip the crypto BS
Public ledgers are "crypto BS".
Public ledgers predate crypto BS by decades and are not improved by cryptographic chaining between entries.
And what about ledger that use DAG instead of blockchain, did they exist pre crypto BS?
Giving your cryptographic chaining a pointless acronym doesn't make it useful.
Yea, I was talking about a public ledger where the people ruled by the government host nodes and verify that laws and other stuff decided by the government are all stored there to make it harder for politicians to lie because everyone has the truth and can verify it.
Well something like this, I am not an expert in this, but I can imagine it having a use case there
I am an expert in this and cryptographic chaining of a public ledger is like large language models, interesting but ultimately useless.
I would not say that LLM are useless, just a bit overhyped
I am way more efficient in learning to code having this text bot give me explanations e.g. what which kernel API does
But you have to check to make sure the chatbot isn't hallucinating the answers it gives you, so you could be even more efficient by just looking it up in the first place and skipping the extra step.
Well, I just run the code and see if it works, in like 97% (or even more) of the time, it works as the bot said.
Let's ignore crypto for a second...
People in the USA loose around $10.000.000.000 per year to scams according to FTC...
That number would be even higher if everyone used untraceable and non-reversible crypto transactions.
That's probably true, but just to highlight this: Bitcoin is not untraceable
Even if you were extremely generous and didn't factor in the scams in your analysis, the reality is that a Blockchain solves problems 99.9% of people will never face. This breaks the whole imagined model, when your product is ultra niche but relies on mass adoption for its security.