Read on Twitter
1/16 One of the biggest mistakes that #Blockchain makes is the incorrect belief that everyday ppl who use the internet are hoping or looking for ways to incorporate it.
The truth is they are not.
Late 20/21 blockchains that are or soon are to be live which love to boast
The truth is they are not.
Late 20/21 blockchains that are or soon are to be live which love to boast
2/16 about their new "groundbreaking technology" that allows the transfer of "arbitrary" data across #blockchains.
#Polkadot is a perfect example of this.
The thing is though in real world arbitrary data is able to connect to anywhere anytime as it is now, so...wow
#Polkadot is a perfect example of this.
The thing is though in real world arbitrary data is able to connect to anywhere anytime as it is now, so...wow
3/16 Every #Blockchain is trying to be something it isn't designed to be.
Blockchain is like nicotine.
Every smoker wants to stop but also wants to keep smoking, Blockchain wants to remain a blockchain but find ways to bypass its the very attributes that make it a blockchain.
Blockchain is like nicotine.
Every smoker wants to stop but also wants to keep smoking, Blockchain wants to remain a blockchain but find ways to bypass its the very attributes that make it a blockchain.
4/16 To try & change its characteristics but also keep them is a futile exercise & reinforces the point that #Blockchain is an 11 year old inferior technology.
You can wrap an old fish in a piece of paper called change but it's still gonna stink.
There is only one reason that
You can wrap an old fish in a piece of paper called change but it's still gonna stink.
There is only one reason that
5/16 the #Blockchain wheel is constantly reinvented & that is of course money.
The miners /exchanges/ancillary businesses etc have banked the last 4 or 5 years of their lives into this redundant technology & now continually need to find new use cases.
The miners /exchanges/ancillary businesses etc have banked the last 4 or 5 years of their lives into this redundant technology & now continually need to find new use cases.
6/16 Which is another obvious point that they tend to overlook, apart from #Bitcoin 
the majority of #Cryptocurrency has little to no use, interest or value to normal ppl.
The total market cap is currently growing but that can likely be attributed to a few toe dipping into the
the majority of #Cryptocurrency has little to no use, interest or value to normal ppl. The total market cap is currently growing but that can likely be attributed to a few toe dipping into the
7/16 investment side of things, others may have been fooled by the clever marketing strategy of @BarrySilbert to give #BTC some financial credence which ironically was helped by @PeterSchiff himself.
But playing Twitter table tennis or paying Millions for a @WarrenBuffett
some financial credence which ironically was helped by @PeterSchiff himself. But playing Twitter table tennis or paying Millions for a @WarrenBuffett
8/16 lunch still won't remove the biggest monkey in the room. #Blockchain has no revenue.
Apart from paying more for a coin than the person before you, it has zero worth.
Being able to connect to the outside world means blockchain is looking outwards, that doesn't equate to
Apart from paying more for a coin than the person before you, it has zero worth.
Being able to connect to the outside world means blockchain is looking outwards, that doesn't equate to
9/16 normal ppl looking in.
If they do look in, what will they see?
Relaychains, Parachains, Parathreads, bridges, nominators, validators, collators, fishermen, DID's, cannisters, subnets, relays, staking, voting, oracles, Bep2, ERC20, Snarks etc
They'd be WTF....why?
If they do look in, what will they see?
Relaychains, Parachains, Parathreads, bridges, nominators, validators, collators, fishermen, DID's, cannisters, subnets, relays, staking, voting, oracles, Bep2, ERC20, Snarks etc
They'd be WTF....why?
1016 And even if learned doesn't really improve anyone's life, all it would mean is they now have some insight into the pointless complexities of #Blockchain trying to be something it was never designed to be.
Of course if you ask anyone inside of crypto that isn't a miner,
Of course if you ask anyone inside of crypto that isn't a miner,
11/16 exchange or ancillary business what the revenue of a particular project is they will give you a deer in headlights stare & scratch their heads.
Then point out to them buying these coins/tokens IS the revenue they will get angry & tell you how much
they are up while
Then point out to them buying these coins/tokens IS the revenue they will get angry & tell you how much
they are up while
12/16 still wondering if their fav project has revenue or if they themselves are the revenue.
Its borderline criminal the amount of B.S this industry is able to feed ppl without any accountability or regulation, the Crypto "News" sites are in the pockets of Miners & Exchanges
Its borderline criminal the amount of B.S this industry is able to feed ppl without any accountability or regulation, the Crypto "News" sites are in the pockets of Miners & Exchanges
13/16 which is why nearly every one of their stories is an advertisement or catchy headline telling you that you better buy quickly there is a sale on and low stock.
Even if there is more than 200,000.00 #BTC Satoshis for every human on earth.
Even if there is more than 200,000.00 #BTC
Satoshis for every human on earth.
14/16 Writing about #Blockchain now is like living in the future & talking about the past before it happens.
Because ultimately blockchain is not designed to, capable of, or needed to do what is required to meet current & future digital currency needs.
The trend now is build
Because ultimately blockchain is not designed to, capable of, or needed to do what is required to meet current & future digital currency needs.
The trend now is build
15/16 some kind of silo'd architecture, call yourself Web3 or new internet & then stack on your tokenization model to keep the profiteering miners & exchanges happy.
Its a shame so many are duped by this fallacy that #Blockchain is or ever will be a technology for the future.
Its a shame so many are duped by this fallacy that #Blockchain is or ever will be a technology for the future.
16/16 Using #Blockchain now is the equivalent having the ability to digitally shoot 8K vision but also having the requirement that you can only store it on a VHS video cassette.
Got to run my tape is finally rewound.
Got to run my tape is finally rewound.
