490
this post was submitted on 22 Aug 2024
490 points (97.5% liked)
Technology
59569 readers
4421 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The ancient Greeks invented steam power, but didn't take it any further than a novelty. That doesn't make steam power a "scam."
That doesn’t mean cryptocurrencies is like steam power.
Each is a technology with unique features for its time, and where there aren't any practical applications initially.
For each steam power there are thousands of similar inventions that never see the light of practical use cases. We just remember those that had significant breakthroughs.
Still doesn't mean crypto is like steam, nor that it will ever have any practical application
I'm sure the ancient Greeks said similar things about their steam pinwheels.
you know, the fact that they were right sort of undermines your argument, Hero's engine really diden't amount to anything outside a fun curio for wealthy aristocrats, modern steam engines are not based on this invention, the modern steam engine comes from early pressure-cooking
You might have had a salient point if the ancient Greeks made it popular for “solving thirst across the known world,” but really it was a novelty. Or if crypto was marketed as a novelty. But crypto was hyped to be the next big things, spreading around the world, no monetary boundaries. The same people making those claims are spending hundreds of millions on the election to making sure it stay unregulated with no consumer protection.
But sure, crypto somehow parallels steam?
I dunno, most steam power just involves passing an environmental burden down several generations, which seems like a scam to me.