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Joined 2 years ago
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Cake day: July 1st, 2023

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  • That’s easily abused. Search engines before Google were pure keyword search, but those were quickly abused. People just made websites with all types of keywords just to get on top of search results. Google’s PageRank fixed this - temporarily. People were quick to abuse it too.

    It doesn’t matter what you try to do. Somebody will figure out how to abuse it.



  • I don’t think the algorithm is the problem. The problem is that sites started to capitalize on your attention. Everybody wants your sweet little attention so they can earn money from it. Internet also moved into walled gardens of money making machines (like Instagram, YouTube and TikTok).

    It doesn’t matter which algorithm is used. Somebody will crack it and abuse it for their own good.

    There’s no reversing this.






  • A tokenized security is the same thing as a tokenized jpeg. Blockchain has no control over what happens outside it.

    I could create a token and say it refers to my Ferrari. Obviously I don’t own a Ferrari, but what can the blockchain do about it? To ensure the token is legitimate, some trusted authority must ensure the Ferrari really exists in the physical reality. Suddenly blockchain doesn’t “eliminate the need for accountants”.

    And whenever I want to sell the token, someone must ensure I still own the Ferrari. Who knows, maybe I crashed the Ferrari somewhere in the forest?

    Same goes for any asset - including carbon offsets, stocks and bonds. Blockchain is completely unable to say anything about the state of the physical reality.

    We still beat the same tired old drums about NFTs because if it doesn’t work for jpegs, it doesn’t work for anything.