Post
Topic
Board Bitcoin Discussion
Topic OP
Distributed Denial of Bitcoin attacks (DDoB)
by
NotATether
on 20/01/2025, 15:09:25 UTC
So after Trump pretty famously rug-pulled all his Trump memecoin holders as his first official "day 1" act as the 47th president (surprise!), now people are guilty of saying the usual about crypto - that it's useless, that's it's a scam, waste of energy, etc.

Now whether you like Trump or not, you're still a Bitcoiner, right? So here is where things get interesting.

Over here is one of the many Reddit threads where people are having a meltdown over crypto:

https://old.reddit.com/r/FluentInFinance/comments/1i5oivg/we_failed/

However, this one is different, because it has many comments saying things like: "Bitcoin is the least interesting thing you can do with Block Chain."

Of course whenever someone big uses crypto to scam people, there will always be things like this, but to say something like currency being the least useful thing you can do with blockchain is absurd.

Blockchain is the storage of money and other valuable stuff.

Without currency, there is no blockchain.

Medical records and voting slips aren't valuable and can just be stored in a distributed database. They either have no need for cryptographic verification or are impossible to implement in a decentralized and secure manner (elections, for obvious reasons)

When you see stuff like this after someone does something really bad with crypto, do not let it blind you to it's benefits. It's like looking at Tiktok and deciding that all social media is bad, even though you probably wouldn't be reading this topic on this forum today without it.