Cryptocurrencies add nothing useful to society, says chip-maker Nvidia

Getting lucky on a speculative gamble doesn't mean it was a good idea

Fair point - most investments are basically gambles. Risk varying based on investment type, but still no such thing as guaranteed return.

I'm a fan of blockchainand cryptocurrency as a technology. I've done well and learned a ton, and I will continue to keep involvement with the blockchain space. I think the potential for the technology is still largely untapped. I equate it to the .com boom. The internet has existed since the 80s, the 2000s saw the speculative investment bubble, and now it's such a ubiquitous technology that most people around the world are using it almost constantly.

I expect we're at the blockchain equivalent of the .com boom, and I see a lot of promise. Especially lately with banks failing, stock market manipulation, and inflation at the forefront of the public discourse. I don't see blockchain going anywhere anytime soon.

I'm not suggesting you invest in it. I get lots of people who got disillusioned because there is a lot of ponzi activity and opportunistic malevolence that scares people away. That would give anyone rational pause to reconsider if they don't understand fundamentally what they are getting into.

/r/technology Thread Parent Link - theguardian.com