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"Any application that could be done on a blockchain could be better done on a centralized database. Except crime."

I've always had an uneasy feeling about all things blockchain and cryptocurrency, but after reading The Handwavy Technobabble Nothingburger by Stephen Diehl I'm even more convinced.

Not only are they a colossal waste of energy and physical resources, but they also show all the signs of being another instance of the insanity that lead to the Dot-Com Boom and Bust of the turn of the century.

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