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Blockchain "technology" is fucking stupid and so are you. Here's why

there is no upside to blockchain "technology". it'...
Misunderstood background story shrine
  05/26/17
proof of stake will eliminate the electricity problem, and E...
chest-beating boyish famous landscape painting
  05/26/17
...
sticky curious toilet seat
  06/21/17
It's coming...
exciting magenta bawdyhouse
  09/15/18
Any updates?
Misunderstood background story shrine
  10/21/18
...
Spectacular Bearded Kitchen Associate
  10/31/18
https://coinmarketcap.com/currencies/boolberry/ Wow
Misunderstood background story shrine
  10/31/18
...
Spectacular Bearded Kitchen Associate
  11/06/18
wait 2 weeks.
Free-loading whorehouse
  08/13/20
...
Misunderstood background story shrine
  06/13/22
where are we on this
grizzly beta gas station rigpig
  11/11/22
...
Misunderstood background story shrine
  11/11/22
any progress on increasing the transactions per second?
Cordovan stage
  05/26/17
proof of stake and longer down the road sharding. the eth...
Talented maroon ladyboy striped hyena
  05/26/17
You have no fucking clue lol
Misunderstood background story shrine
  05/30/17
he's actually right about that
sticky curious toilet seat
  06/21/17
No he isnt.
Misunderstood background story shrine
  06/21/17
b-b-b-but THMART CONTRACTH!!
Burgundy vibrant national legal warrant
  05/26/17
so you think you're smarter than Vitalik Buterin and Vlad Za...
chest-beating boyish famous landscape painting
  05/26/17
lol so now we trust subhuman slavs?
Shivering business firm wagecucks
  09/12/17
...
Misunderstood background story shrine
  05/26/17
counterpoint: magical asian
Abusive Magical Theater
  05/26/17
lol
obsidian mediation becky
  05/30/17
...
Abusive Magical Theater
  09/12/17
...
Shimmering Pisswyrm Alpha
  09/12/17
except for the part where crypto gets capital flight from TT...
sapphire arousing philosopher-king trailer park
  05/26/17
this and silk road are literally the only way this has any u...
House-broken gaming laptop rehab
  10/21/18
...
Misunderstood background story shrine
  10/21/18
*cue Kanye West - Black Skinhead*
Azure Galvanic Center Twinkling Uncleanness
  05/30/17
why are so many big companies investing in this technology?
purple cuckoldry
  05/30/17
They arent
Misunderstood background story shrine
  05/30/17
...
Hilarious titillating nowag
  06/21/17
...
Misunderstood background story shrine
  11/12/18
...
Misunderstood background story shrine
  06/21/17
...
Misunderstood background story shrine
  07/16/17
All these fortune 100 companies spending millions of dollars...
Amethyst concupiscible prole shitlib
  07/16/17
Yeah the research consists of: hey this shit is slow, ineffi...
Misunderstood background story shrine
  07/16/17
...
Cerebral tanning salon boistinker
  09/08/18
Dumb liberal artist here. Any good links on this shit?
big-titted hell hominid
  09/12/17
...
Mentally Impaired Menage Fanboi
  09/12/17
yeah I'd love to see a white paper on this
Ivory multi-colored half-breed
  09/12/17
Watch this https://www.youtube.com/watch?v=O6OgtzhjpGE
Misunderstood background story shrine
  10/21/18
...
Misunderstood background story shrine
  09/08/18
...
Misunderstood background story shrine
  09/15/18
LOL brother: https://www.quora.com/What-are-the-advantages-o...
Glittery maize orchestra pit
  09/15/18
...
Misunderstood background story shrine
  10/25/18
https://www.innovationaus.com/2018/10/DTA-goes-cold-on-block...
Misunderstood background story shrine
  10/31/18
...
Tan Slap-happy Preventive Strike Corn Cake
  10/31/18
Ouch
Hairraiser halford
  10/31/18
https://i.imgur.com/lhGkMjw.jpg
Misunderstood background story shrine
  10/31/18
https://twitter.com/MapleChangeEx/status/1056582662435954688...
Misunderstood background story shrine
  10/31/18
...
diverse party of the first part range
  10/31/18
Energy cost of 'mining' bitcoin more than twice that of copp...
Misunderstood background story shrine
  11/06/18
...
Spectacular Bearded Kitchen Associate
  11/06/18
This is kind of a dumb article and paper.
Alcoholic marvelous institution
  11/12/18
(Dumb fuck)
Misunderstood background story shrine
  11/14/18
just do compare apples to oranges
Alcoholic marvelous institution
  11/14/18
...
Lascivious unholy property
  11/12/18
no u
purple cuckoldry
  11/14/18
"breaking news as corporate America discovers that &quo...
Misunderstood background story shrine
  11/19/18
https://www.coindesk.com/bitcoin-mining-firm-giga-watt-decla...
Misunderstood background story shrine
  11/21/18
A painful lesson
Misunderstood background story shrine
  11/24/18
Lmao We documented 43 blockchain use-cases through intern...
Misunderstood background story shrine
  11/30/18
IBM has a blockchain business https://www.ibm.com/blockcha...
purple cuckoldry
  11/30/18
With zero real world use-case!
Misunderstood background story shrine
  11/30/18
What’s the potential ROI of IBM Blockchain? We commis...
purple cuckoldry
  11/30/18
...
Misunderstood background story shrine
  12/11/18
...
Misunderstood background story shrine
  08/13/20
...
Misunderstood background story shrine
  08/13/20
ETH to 430 ofs
cracking house
  08/13/20
...
Misunderstood background story shrine
  01/11/21
...
Misunderstood background story shrine
  01/21/21
...
Misunderstood background story shrine
  01/23/22
Lol at xo
Misunderstood background story shrine
  11/11/22


Poast new message in this thread



Reply Favorite

Date: May 26th, 2017 4:14 PM
Author: Misunderstood background story shrine

there is no upside to blockchain "technology". it's a database with comically low throughput that wastes an absurd amount of electricity. why is there such a a buzz about it? because people are stupid, especially when it comes to technology

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33402847)



Reply Favorite

Date: May 26th, 2017 4:16 PM
Author: chest-beating boyish famous landscape painting

proof of stake will eliminate the electricity problem, and ETH is on its way to implementing that

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33402868)



Reply Favorite

Date: June 21st, 2017 4:14 PM
Author: sticky curious toilet seat



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33611186)



Reply Favorite

Date: September 15th, 2018 5:02 PM
Author: exciting magenta bawdyhouse

It's coming...

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#36815263)



Reply Favorite

Date: October 21st, 2018 2:56 AM
Author: Misunderstood background story shrine

Any updates?

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37065915)



Reply Favorite

Date: October 31st, 2018 5:16 AM
Author: Spectacular Bearded Kitchen Associate



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37130633)



Reply Favorite

Date: October 31st, 2018 5:18 AM
Author: Misunderstood background story shrine

https://coinmarketcap.com/currencies/boolberry/ Wow

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37130637)



Reply Favorite

Date: November 6th, 2018 5:35 AM
Author: Spectacular Bearded Kitchen Associate



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37168865)



Reply Favorite

Date: August 13th, 2020 1:39 AM
Author: Free-loading whorehouse

wait 2 weeks.

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#40748584)



Reply Favorite

Date: June 13th, 2022 8:39 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#44678788)



Reply Favorite

Date: November 11th, 2022 5:47 PM
Author: grizzly beta gas station rigpig

where are we on this

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#45479273)



Reply Favorite

Date: November 11th, 2022 5:51 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#45479284)



Reply Favorite

Date: May 26th, 2017 4:18 PM
Author: Cordovan stage

any progress on increasing the transactions per second?

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33402878)



Reply Favorite

Date: May 26th, 2017 4:21 PM
Author: Talented maroon ladyboy striped hyena

proof of stake and longer down the road sharding.

the ethereum network has a fair bit of runway before it runs into severe scaling problems.

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33402898)



Reply Favorite

Date: May 30th, 2017 3:33 PM
Author: Misunderstood background story shrine

You have no fucking clue lol

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33429784)



Reply Favorite

Date: June 21st, 2017 4:14 PM
Author: sticky curious toilet seat

he's actually right about that

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33611194)



Reply Favorite

Date: June 21st, 2017 4:35 PM
Author: Misunderstood background story shrine

No he isnt.

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33611426)



Reply Favorite

Date: May 26th, 2017 4:18 PM
Author: Burgundy vibrant national legal warrant

b-b-b-but THMART CONTRACTH!!

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33402882)



Reply Favorite

Date: May 26th, 2017 4:20 PM
Author: chest-beating boyish famous landscape painting

so you think you're smarter than Vitalik Buterin and Vlad Zamfir?

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33402891)



Reply Favorite

Date: September 12th, 2017 5:03 AM
Author: Shivering business firm wagecucks

lol so now we trust subhuman slavs?

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#34191035)



Reply Favorite

Date: May 26th, 2017 4:20 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33402892)



Reply Favorite

Date: May 26th, 2017 4:21 PM
Author: Abusive Magical Theater

counterpoint: magical asian

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33402896)



Reply Favorite

Date: May 30th, 2017 3:51 PM
Author: obsidian mediation becky

lol

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33429900)



Reply Favorite

Date: September 12th, 2017 1:27 AM
Author: Abusive Magical Theater



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#34190701)



Reply Favorite

Date: September 12th, 2017 5:05 AM
Author: Shimmering Pisswyrm Alpha



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#34191038)



Reply Favorite

Date: May 26th, 2017 4:21 PM
Author: sapphire arousing philosopher-king trailer park

except for the part where crypto gets capital flight from TTT countries due to being easy to buy, hard to seize. which makes your scamcoin moon.

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33402897)



Reply Favorite

Date: October 21st, 2018 3:11 AM
Author: House-broken gaming laptop rehab

this and silk road are literally the only way this has any underlying value

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37065939)



Reply Favorite

Date: October 21st, 2018 3:13 AM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37065943)



Reply Favorite

Date: May 30th, 2017 3:35 PM
Author: Azure Galvanic Center Twinkling Uncleanness

*cue Kanye West - Black Skinhead*

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33429795)



Reply Favorite

Date: May 30th, 2017 3:49 PM
Author: purple cuckoldry

why are so many big companies investing in this technology?

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33429882)



Reply Favorite

Date: May 30th, 2017 3:52 PM
Author: Misunderstood background story shrine

They arent

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33429905)



Reply Favorite

Date: June 21st, 2017 4:30 PM
Author: Hilarious titillating nowag



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33611375)



Reply Favorite

Date: November 12th, 2018 2:41 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37217127)



Reply Favorite

Date: June 21st, 2017 4:05 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33611077)



Reply Favorite

Date: July 16th, 2017 10:29 AM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33786180)



Reply Favorite

Date: July 16th, 2017 10:33 AM
Author: Amethyst concupiscible prole shitlib

All these fortune 100 companies spending millions of dollars on researching block chain should have really listened to OP!!

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33786210)



Reply Favorite

Date: July 16th, 2017 10:34 AM
Author: Misunderstood background story shrine

Yeah the research consists of: hey this shit is slow, inefficient, and insecure as fuck. We'll stick to AWS

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#33786216)



Reply Favorite

Date: September 8th, 2018 4:28 PM
Author: Cerebral tanning salon boistinker



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#36770629)



Reply Favorite

Date: September 12th, 2017 5:08 AM
Author: big-titted hell hominid

Dumb liberal artist here. Any good links on this shit?

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#34191041)



Reply Favorite

Date: September 12th, 2017 12:54 PM
Author: Mentally Impaired Menage Fanboi



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#34192858)



Reply Favorite

Date: September 12th, 2017 12:55 PM
Author: Ivory multi-colored half-breed

yeah I'd love to see a white paper on this

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#34192864)



Reply Favorite

Date: October 21st, 2018 3:08 AM
Author: Misunderstood background story shrine

Watch this https://www.youtube.com/watch?v=O6OgtzhjpGE

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37065937)



Reply Favorite

Date: September 8th, 2018 4:27 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#36770625)



Reply Favorite

Date: September 15th, 2018 4:21 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#36815086)



Reply Favorite

Date: September 15th, 2018 5:10 PM
Author: Glittery maize orchestra pit

LOL brother: https://www.quora.com/What-are-the-advantages-of-blockchain-technology

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#36815301)



Reply Favorite

Date: October 25th, 2018 2:37 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37093414)



Reply Favorite

Date: October 31st, 2018 5:14 AM
Author: Misunderstood background story shrine

https://www.innovationaus.com/2018/10/DTA-goes-cold-on-blockchain

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37130625)



Reply Favorite

Date: October 31st, 2018 5:17 AM
Author: Tan Slap-happy Preventive Strike Corn Cake



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37130634)



Reply Favorite

Date: October 31st, 2018 5:20 AM
Author: Hairraiser halford

Ouch

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37130640)



Reply Favorite

Date: October 31st, 2018 3:49 PM
Author: Misunderstood background story shrine

https://i.imgur.com/lhGkMjw.jpg

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37133416)



Reply Favorite

Date: October 31st, 2018 3:51 PM
Author: Misunderstood background story shrine

https://twitter.com/MapleChangeEx/status/1056582662435954688

lmfao

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37133432)



Reply Favorite

Date: October 31st, 2018 3:53 PM
Author: diverse party of the first part range



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37133446)



Reply Favorite

Date: November 6th, 2018 5:32 AM
Author: Misunderstood background story shrine

Energy cost of 'mining' bitcoin more than twice that of copper or gold

https://www.theguardian.com/technology/2018/nov/05/energy-cost-of-mining-bitcoin-more-than-twice-that-of-copper-or-gold

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37168859)



Reply Favorite

Date: November 6th, 2018 5:35 AM
Author: Spectacular Bearded Kitchen Associate



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37168864)



Reply Favorite

Date: November 12th, 2018 2:46 PM
Author: Alcoholic marvelous institution

This is kind of a dumb article and paper.

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37217156)



Reply Favorite

Date: November 14th, 2018 1:17 PM
Author: Misunderstood background story shrine

(Dumb fuck)

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37231225)



Reply Favorite

Date: November 14th, 2018 1:26 PM
Author: Alcoholic marvelous institution

just do compare apples to oranges

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37231284)



Reply Favorite

Date: November 12th, 2018 2:42 PM
Author: Lascivious unholy property



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37217133)



Reply Favorite

Date: November 14th, 2018 1:19 PM
Author: purple cuckoldry

no u

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37231236)



Reply Favorite

Date: November 19th, 2018 1:53 PM
Author: Misunderstood background story shrine

"breaking news as corporate America discovers that "blockchain tech" is just a slow fucking database"

https://mobile.twitter.com/katherineykwu/status/1062092777742389253



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37264039)



Reply Favorite

Date: November 21st, 2018 2:31 PM
Author: Misunderstood background story shrine

https://www.coindesk.com/bitcoin-mining-firm-giga-watt-declares-bankruptcy-owing-millions

U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors.

The firm filed for Chapter 11 bankruptcy at a court in the Eastern District of Washington on Monday, revealing that it still owes its biggest 20 unsecured creditors nearly $7 million in court documents seen by CoinDesk.

Creditors include the utilities provider in its Douglas County base, having a claim of over $310,000, and electricity provider Neppel Electric, which is owed almost half a million dollars.

Giga Watt has estimated assets worth less than $50,000, whereas estimated liabilities are in the range of $10–50 million, according to the court documents.

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37277896)



Reply Favorite

Date: November 24th, 2018 11:58 PM
Author: Misunderstood background story shrine

A painful lesson

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37295713)



Reply Favorite

Date: November 30th, 2018 4:21 PM
Author: Misunderstood background story shrine

Lmao

We documented 43 blockchain use-cases through internet searches, most of which were described with glowing claims like “operational costs… reduced up to 90%,” or with the assurance of “accurate and secure data capture and storage.” We found a proliferation of press releases, white papers, and persuasively written articles. However, we found no documentation or evidence of the results blockchain was purported to have achieved in these claims. We also did not find lessons learned or practical insights, as are available for other technologies in development.

We fared no better when we reached out directly to several blockchain firms, via email, phone, and in person. Not one was willing to share data on program results, MERL processes, or adaptive management for potential scale-up. Despite all the hype about how blockchain will bring unheralded transparency to processes and operations in low-trust environments, the industry is itself opaque. From this, we determined the lack of evidence supporting value claims of blockchain in the international development space is a critical gap for potential adopters.

http://merltech.org/blockchain-for-international-development-using-a-learning-agenda-to-address-knowledge-gaps/

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37328692)



Reply Favorite

Date: November 30th, 2018 4:25 PM
Author: purple cuckoldry

IBM has a blockchain business

https://www.ibm.com/blockchain

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37328711)



Reply Favorite

Date: November 30th, 2018 4:33 PM
Author: Misunderstood background story shrine

With zero real world use-case!

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37328752)



Reply Favorite

Date: November 30th, 2018 5:38 PM
Author: purple cuckoldry

What’s the potential ROI of IBM Blockchain?

We commissioned a Forrester Total Economic Impact™ (TEI) report to help you identify the cost, benefits, flexibilities and risk factors of working with IBM Blockchain. The research is based on Forrester’s TEI methodology, financial model framework and case studies, plus interviews with IBM Blockchain stakeholders and customers. Register now to watch our latest webinar and read the report to project your cost savings and the business benefits of working with IBM Blockchain.



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37329044)



Reply Favorite

Date: December 11th, 2018 3:43 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#37390407)



Reply Favorite

Date: August 13th, 2020 1:37 AM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#40748579)



Reply Favorite

Date: August 13th, 2020 8:43 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#40752641)



Reply Favorite

Date: August 13th, 2020 9:15 PM
Author: cracking house

ETH to 430 ofs

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#40752787)



Reply Favorite

Date: January 11th, 2021 12:56 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#41730543)



Reply Favorite

Date: January 21st, 2021 12:32 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#41798339)



Reply Favorite

Date: January 23rd, 2022 7:22 PM
Author: Misunderstood background story shrine



(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#43834511)



Reply Favorite

Date: November 11th, 2022 5:40 PM
Author: Misunderstood background story shrine

Lol at xo

(http://www.autoadmit.com/thread.php?thread_id=3627471&forum_id=2#45479243)