[throwme_123]

For my part, I stopped reading at the free bashing of blockchain•.

Reminded me of the angst and negativity of these original "Web3" people, already bashing everything that was not in their mood back then.

• The crypto ecosystem is shady, I know, but the tech is great

[ashkankiani]

As someone who stopped getting involved in blockchain "tech" 12 years ago because of the prevalence of scams and bad actors and lack of interesting tech beyond the merkle tree, what's great about it?

FWIW I am genuinely asking. I don't know anything about the current tech. There's something about "zero knowledge proofs" but I don't understand how much of that is used in practice for real blockchain things vs just being research.

As far as I know, the throughput of blockchain transactions at scale is miserably slow and expensive and their usual solution is some kind of side channel that skips the full validation.

Distributed computation on the blockchain isn't really used for anything other than converting between currencies and minting new ones mostly AFAIK as well.

What is the great tech that we got from the blockchain revolution?

[throwme_123]

Scams and bad actors haven't changed sadly.

But zk-based really decentralized consensus now does 400 tps and it's extraordinary when you think about it and all the safety and security properties it brings.

And that's with proof-of-stake of course with decentralized sequencers for L2.

But I get that people here prefer centralized databases, managed by admins and censorship-empowering platforms. Your bank stack looks like it's designed for fraud too. Manual operations and months-long audits with errors, but that is by design. Thanks everyone for all the downvotes.