this post was submitted on 18 Nov 2023
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We are 15 years into blockchain technology now, and still, there's not a single thing it does better than existing non-blockchain tech. The functionality of Ethererum's "smart contracts" makes a 10-year-old Wordpress site look like advanced alien technology.
It's time to admit this was a fun experiement, that yielded nothing of value to society. I know everybody hopes to get rich, but that's just not going to happen. It's mathematically impossible for even a notable percentage of holders. It's a shame so many people have to lose so much, to learn, and some of them will refuse to admit the reality of the situation and repeat their same mistakes over and over.
Play Doh has been around since the mid 50's but there's so many other children's toys that it's a shame parents still buy this stuff. Children just need to admit that Play Doh is no fun.
Maybe eth will be around longer than you think because people like using it more than your 10 year old WordPress.