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Blockchain: the wave of the future
(lemmy.world)
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this post was submitted on 02 Feb 2024
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No one is ever concerned with how much energy is used to feed ads to the entire population of earth 24/7.
Yea the rally against block chain tech is stupid as fuck. It consumes nothing in the grand scale...do people not realize a lot of large enterprises have ~200k nodes give or take? Bigger companies can have in the million range. 200k machines is a joke.
Edit: I can see a lot of people just hate block chain tech without understanding anything tech wise lol
The nodes aren’t the issue. It’s the fact that those nodes have to expend at least the same amount of energy every single time a record is added and the larger the ledger, the more energy is needed. Blockchain is somewhat unique in that regard.
It really feels like SOMEWHERE there was a legitimate use for this for very mission-critical stuff that might need to be immutable once published and kept for posterity...
...but then it just became yet another speculative asset to make magic money that fueled stupid monkey jpegs.
The pursuit of profit benefits mankind only by the occasional anomalous accident.
100%. Capitalism is great until it reaches a peak where people who provide no value except in the wealth they’ve amassed are the ones who gain the most from it. You can succeed simply by being born with wealth and having no other value because other people who do have value will need you.
This, exactly. Blockchain could have been used for tracking information publishing dates and such, but it is used for converting energy into IOUs
The point in OP is that "blockchain" was not a new thing. The Merkle Tree was patented in 1979, meaning that it has been free for decades. Most programmers might never have a use for it but they still encounter it every time they use git (which is older than bitcoin).
So, if you're not aware of this, that's because it is very technical and nothing to do with cryptocurrencies.