Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining
  • ailiphilia@feddit.it
    4·
    2 years ago

    I have been using some crypto as a means of payment and find it often easier and cheaper than banking services in the fiat system.

    Developers -and possibly others- could use it to monetize their work and becoming less dependant from commercial app stores. The blockchain can be a good tool for proof of provenance (although the latter doesn’t necessarily come with a currency).

    By using crypto, we can cut the middleman.

    There are some use cases for crypto imho, but only a few companies try to exploit its potential.

    But, yeah, it seems we already have the next big thing:

    Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining

      • ailiphilia@feddit.it
        6·
        2 years ago

        I think crypto as a technology is not a very good store of value

        I fully agree. That’s why I use it as a means of payment rather than as value investment -:)

        Blockchain is revolutionary, but blockchain projects need to have utility

        Absolutely, that’s what is missing at 99.9% of blockchain projects unfortunately (but I still hope for the 0.1% :-))

    • Dick Smiths Fair Go Supporters@activism.openworlds.info
      5·
      2 years ago

      @QuentinCallaghan @ailiphilia Thank you for this comment, Ailphilia. We are largely supportive of bitcoin and monero but we feel there are serious concerns about security that make it difficult to participate.

      For example, many people are unaware that Cloudflare controls the on-ramps to #bitcoin in most countries. This means a person can be blocked by #Cloudflare at any moment from joining the network.

      Our sources indicate this happens.

      #cryptocurrencies