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#blockchains

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Blockchain tokens are digital blood diamonds. Their value in based on their scarcity, which is entirely artificial. It's quicker and cheaper (and less lethal) to manufacture diamond from abundant carbons than to mine natural ones. Similarly, it's quicker and cheaper to generate tokens on new blockchins than to mine them on existing ones.

(1/?)

A blockchain is an absolute monarchy encoded on a distributed database. Just like in any feudal monarchy, who the monarch is at any given time is determined by an aristocratic cartel. Made up of whoever owns the majority of the hardware mining on the blockchain.

Federated networks are a distributed database, where the operators of every server in the network control their local state. They are what blockchain boosters think they can get from blockchains. They can't.

It's a trap!

2022: #JohnNaughton lays out the well-known propertarian and Hayekian side of crypto evangelism, then this intriguing observation;

"Lots of people will point out that the Satoshi memo, which released the idea for blockchain, more or less coincides with the fall of Lehman Brothers, and... [that] being a token for the corrupt, uncontrollable nature of financial capitalism and it's untrustworthiness."

shows.acast.com/talkingpolitic

#podcasts #Talking Points #BlockChains #Satoshi #GFC #LehmanBrothers

> I find my feelings about #AI are actually pretty similar to my feelings about #blockchains: they do a poor job of much of what people try to do with them, they can't do the things their creators claim they one day might, and many of the things they are well suited to do may not be altogether that beneficial. And while I do think that AI tools are more broadly useful than blockchains, they also come with similarly monstrous costs.

- @molly0xfff

citationneeded.news/ai-isnt-us

Citation Needed · AI isn't useless. But is it worth it?AI can be kind of useful, but I'm not sure that a "kind of useful" tool justifies the harm.

🚫⛓️ Sur pablockchain.fr, retrouvez mes conférences (captations 🎬 et futures dates 📆), billets de blog 📝 et articles scientifiques 📰 au sujet des #blockchains, #cryptomonnaies, #NFT, #web3, etc.

📮 Vous pouvez aussi m'y laisser votre adresse email pour être informé·e de mes futures interventions 😊.

pablockchain.fr : Unblocked & Unchained — Pablo Rauzypablockchain.fr : Unblocked & Unchained — Pablo RauzyUnblocked & Unchained : conférences, articles, médiation sur les blockchains.

Sur pablockchain.fr, retrouvez mes articles 📰, billets de blog 📝, et conférences 👨‍🏫 à propos des #blockchains, des #cryptomonnaies, des #NFT, du #web3, etc.

📮 Vous pouvez aussi m'y laisser votre adresse email pour être informé·e de mes futures interventions 😊.

pablockchain.fr : Unblocked & Unchained — Pablo Rauzypablockchain.fr : Unblocked & Unchained — Pablo RauzyUnblocked & Unchained : conférences, articles, médiation sur les blockchains.