diff options
Diffstat (limited to 'content/entry/documentary-line-goes-up-the-problem-with-nfts.md')
| -rw-r--r-- | content/entry/documentary-line-goes-up-the-problem-with-nfts.md | 2 |
1 files changed, 1 insertions, 1 deletions
diff --git a/content/entry/documentary-line-goes-up-the-problem-with-nfts.md b/content/entry/documentary-line-goes-up-the-problem-with-nfts.md index 3adc416..e1476ad 100644 --- a/content/entry/documentary-line-goes-up-the-problem-with-nfts.md +++ b/content/entry/documentary-line-goes-up-the-problem-with-nfts.md @@ -14,7 +14,7 @@ For those of you who have followed my journal for a while now, you know I've bec My cryptocurrency journey started years before I ever conceived of this journal. I was disappointed that I missed the opportunity to "invest" in Bitcoin[2] earlier, so I decided to invest in it. At the time, I was under the impression that altcoins were just Bitcoin clones. They weren't the original, so why bother with them? ## IOTA -Some time later, I realized that blockchains didn't scale. So I became enamored with IOTA's[3] cryptocurrency based on "the tangle", which is really just a decentralized acyclic graph. I naively believed all their false promises and dumped money into it. I even tried to get other people to invest. I ended up losing bigtime because I didn't pull out, even after the price dropped. I thoroughly read the whitepaper, having more understanding of the technology than most other "investors", and I started asking questions. +Some time later, I realized that blockchains didn't scale. So I became enamored with IOTA's[3] cryptocurrency based on "the tangle", which is really just a decentralized acyclic graph. I naively believed all their false promises and dumped money into it. I even tried to get other people to invest. I ended up losing big time because I didn't pull out, even after the price dropped. I thoroughly read the white paper, having more understanding of the technology than most other "investors", and I started asking questions. IOTA had a centralized coordinator, meaning that it wasn't even decentralized. I believe it still has the coordinator as of this time of writing. I joined forums asking what the plans were to remove it. I was met with vague non-answers. It was all smoke and mirrors. Eventually, after losing lots of money and realizing they had no real plan to fix the centralized coordinator, I ditched IOTA for good. |