Remind me again where Bitcoin is actually used vs actual databases. It didn’t solve anything and did it in an energy hungry way. It’s not “almost sort of comparable”. All of the scams that immediately came about because it doesn’t have the numerous regulations regular financial instruments have is proof. For the last decade Bitcoin has been struggling to reach parity with financial regulations. Ffs, the US PRESIDENT JUST PULLED A RUG PULL.
Blockchain is just digital speculation.
“They tried to break free but it didn’t work”.
You know we call that a failure, right? You’re the one attaching emotion to it. Did it succeed? No. Thus it failed.
It’s not semantics. It’s basically logic. Maybe don’t try and be a sophist. I never said it couldn’t be tried again. In fact I said quite the opposite: you need to see this as a failure, address why, and make changes before trying again. But you’re just stuck on the word “failure” and your own preconceptions. No one thinks this was a test of “just Bitcoin”. The dark markets already tested Bitcoin thoroughly over a decade ago. This was a test of real world application of Bitcoin as a a government backed currency in the hopes of avoiding outside influence. Outside influence came in and managed to remove Bitcoin - the exact thing that was trying to be proved it was immune to.
But cope harder if it helps you sleep at night.
You realize “it’s so energy and time consuming that we had to create a secondary layer to try and make it actually usable” isn’t the defense you think it is, right?
Yeah, and Zelle, Cashapp, venmo, PayPal all do the same and don’t have that environmental impact you so easily dismissed.
It’s been great watching Bitcoin grow from this digital currency for buying drugs online to having all these layers added on to almost sort of make it comparable to the systems we already have. By the time you guys actually make something that isn’t just stocks with no backing but faith, we’ll have moved on to a post-money society(probably not but I have more faith in that than blockchain ever being a useful currency.
Again, for the people in the back:
The experiment was whether or not they could be independent monetarily. Not whether or not blockchain works. But whether, in actual practice, if it could provide the monetary independence some people claim it has the power to do.
Outside influences were strong enough to overwhelm Bitcoin adoption and it succumbed to those outside influences. As an experiment seeking to test whether or not Bitcoin could resist these influences it failed.
This is how experimentation works. Now you can tweak your experiment and try again, but acting like failing at the exact thing you were trying to accomplish is somehow not an experimental failure is just delusional.
So they experimented with resisting the US and IMF and it was not successful.
We call that an experimental failure.
You really don’t get it. “Blockchain” was not the experiment. “Utilizing blockchain in the global economy” was the experiment.
And it failed.
The experiment was to move beyond external parties. They were not able to do so and returned to using external parties. Ergo “the experiment failed”.
“Bitcoin is great if you don’t use the block chain”
That’s what you just said. So why even use it in the first place?
No, originally I said “Bitcoin is great if you don’t use the blockchain”, mocking the lightning networks existence because blockchain on its own is terrible for transactions. I never said they were almost comparable. They’re not. One is a database that’s been proven to work for all kinds of things, and the other is a techbros fantasy that wastes energy and is basically just tech stocks at this point.
Keep up.