this post was submitted on 16 Jul 2024
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[–] [email protected] 5 points 3 months ago* (last edited 3 months ago) (1 children)

I know nothing about Odysee other than including themselves amongst those shit brands tells me they're likely full of shitheads too.

Eta: lol, a media sharing site based on block chain. That's all I need to know.

[–] [email protected] 0 points 3 months ago* (last edited 3 months ago) (3 children)

Yeah Blockchain is a massive warning flag.

There are only two real use cases for Blockchain

  1. Financial speculation (very risky one, somewhat like trying to time a pyramid scheme)
  2. Various types of fraud
[–] [email protected] 6 points 3 months ago

No, there's one use for Blockchain. An immutable public ledger with no trusted authority

That's useful for a lot of things - just not everything (and it has been shoved plenty of places it doesn't belong)

[–] [email protected] 3 points 3 months ago* (last edited 3 months ago)

AKA

  1. Investment (very profitable if you stick to the large market caps and avoid obvious trash like Odysee/NFTs/shitcoins)
  2. Decentralized finance
[–] [email protected] -2 points 3 months ago
  1. validating financial transactions (in regular markets/banks/etc),
  2. ensuring data integrity (i.e. tamper-proofing) in databases,
  3. spotting people who talk out of their ass