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According to Lemmy Users: Blockchain was a grift, AI is a grift, Quantum computing will be a future grift. So according to you what new and emergent technologies are not / will not be a grift? (lemmy.ml)
submitted 2 months ago by to c/asklemmy@lemmy.ml
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[–] 16 points 2 months ago (2 children)

The picture wasn’t even on the blockchain. It was a url which links to a picture of a cat sitting on someone else’s server

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  • [–] 5 points 2 months ago (1 child)

    Was it even that or just a hash of the url (or whatever text/data was being "confirmed")?

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  • [–] 4 points 2 months ago

    It was some sort of hash system. The blockchain didn't want to store large amounts of data on the chain itself so it would store some sort of hash of the image file and as I recall a pointer to a server where that file was located.

    The whole thing was totally fucking stupid but people poured tons of money into it

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