this post was submitted on 28 Feb 2024
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Asklemmy
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Blockchain. Most of the people who have this hate don't know how it works in even the most gross sense, believe that it and cryptocurrencies are the same thing, and have a visceral, knee-jerk reaction when they're mentioned, without being able to explain why.
Cryptocurrency, too, although there are far more examples of bad actors in that space. But the concept of an economy that works across the internet entirely outside the control of 5-eyes surveillance states? Yes, please.
It gets hate because usually when blockchain is mentioned it is followed by a really dumb idea.
Quick question: isnt blockchain also very harsh on the environment bc of ever-elongating sequences to calculate?
Sounds like you're thinking of proof of work cryptocurrencies. They use blockchains, but are not blockchains themselves. The blockchains part is trivially cheap to compute.