Similarly, blockchain is a technology for implementing scams
By that logic the US dollar is a means for facilitating crime. It’s certainly used for that, a lot, but that isn’t what it is for. A blockchain is for keeping an immutable and verifiable record by way of cryptography. That there are a lot of scams doesn’t change what it is.
It’s not for the sake of hating, it’s because blockchain / cryptocurrency / NFTs / etc. are problems in search of a legitimate solution. So far all they’ve found is massive energy wasting and ransomware.
By that logic the US dollar is a means for facilitating crime. It’s certainly used for that, a lot, but that isn’t what it is for. A blockchain is for keeping an immutable and verifiable record by way of cryptography. That there are a lot of scams doesn’t change what it is.
See, the difference is that dollars have legitimate uses.
As does Blockchain, which is widely used for such purposes already.
Not really, unless you think ransomware is a legitimate use.
Nope, you can go and check common usage of blockchain tech, plenty of legit uses, especially in banking.
Like what?
As I said, in banking, often to confirm that transactions are real.
https://corpgov.law.harvard.edu/2022/01/28/blockchain-in-the-banking-sector-a-review-of-the-landscape-and-opportunities/
Yeah, you’re hating for the sake of hating with no clue why. I’m just going to go ahead and block you, kthxbye.
It’s not for the sake of hating, it’s because blockchain / cryptocurrency / NFTs / etc. are problems in search of a legitimate solution. So far all they’ve found is massive energy wasting and ransomware.
You are conflating the ideas for some weird reason. It’s like blanket arguing against the internet because things happen on it which are illegal.
I’m not sure what you mean. Are you not aware that NFTs are built on top of blockchain tech?
Yes, and? There are other usages as I’ve said.