I asked my computer science professor what he thought of blockchain and cryptocurrency

[Anonymous No.16125331]

He went to a top 5 computer science school and is the top professor he said it is literally a useless Ponzi scam kek

[Anonymous No.16125487]

>>16125331
He's unironically correct. Blockchain is only pushed by stupid boomers these days. It is a laughably pointless technology that is old news by now. There are new and more exciting things happening these days.

[Anonymous No.16125348]

>>16125331
my dad has a master's in compsci and says the same but he's a fucking stubborn retard who's pissed out being poor so he says dumb shit like 'i think blockchain will be successful but not bitcoin' but when you try to pin down what he actually means he doesn't fucking know

stubborn fags are gonna get just'd

[Anonymous No.16125362]

He's right lmao. Nobody actually uses this shit in real life anymore and bitcoin will never replace credit cards because it's not fast enough. /biz/ is deluding itself

[Anonymous No.16125372]

I also read this opinion on pleddit

[Anonymous No.16125407]

>>16125331
the nocoiner cries out

[Anonymous No.16125652]

>>16125440
PhD student here. This is very true. For what it's worth, I'm seeing more interest in blockchain research now.

[Anonymous No.16125654]

>>16125652
*Computer Science PhD student

[Anonymous No.16125419]

>>16125331
My firend's MS (CS) professors in Buffalo seem to think the same way.
I think they're just bitter that they missed the train and didn't get in early. Their ego must be hurt of missing the revolution while they've been teaching.

[Anonymous No.16125426]

>>16125331
What’s his race? Also describe to us in detail the shape of his nose?

[Anonymous No.16125434]

>>16125362
>what is BSV

[Anonymous No.16125440]

>>16125331
often professors are smart within their fields they study only and are a bit more discerning than your typical person on matters they dont understand

[Anonymous No.16125679]

>>16125487
Yeah I hate when old people try to shill the newest, most groundbreaking technologies today. I swear, this old lady the other day was trying to say some shit about decentralized oracles to me, and I was just like "look lady, I've got a 401k. I'm set."

[Anonymous No.16125685]

>>16125460
was a good blog post desu

[Anonymous No.16125696]

>>16125685
;)

[Anonymous No.16125460]

>>16125331
He's a fucking brainlet then.

It takes 8 days to settle the selling of a stock and withdrawing it to your bank account. 3-5 days for just regular transfers.

This is boomer financial tech.

Crypto will move the funds in a couple minutes. The infrastructure is being built for crypto to thrive. boomers will be left in the past with their primitive financial tech that is run on quantitative easing and debt. The dollar doesn't even have proper bookkeeping. The fed just decides to print more so who cares
Crypto is superior money. Thanks for reading my blog post

[Anonymous No.16125708]

>>16125696
>>16125460
reads like a blog post from some faggot redditor who thinks gold and bitcoin are unironically good investments because "muh store of value" "muh shiny coins and rocks that i dont use but are pretty to look at"

[Anonymous No.16125467]

>>16125331
Yeah but this is more of a social, political, economic issue. Being advanced in compsci is about as relevant to the ultimate impact of blockchain on civilization as being an expert gun maker does to understanding large scale military strategy.

[Anonymous No.16125710]

those who can't do teach and those who can't teach do 'research'

[Anonymous No.16125724]

>>16125331
Does he justify his position in any way? Like is his argument about transaction speeds, or security, or what.

[Schiff Will Win !!L6zziHG8/KZ No.16125745]

>>16125460
Kek but BITCOIN and all these other trashcoins are vaporware
Both of the jewish founded and backed coins will moon and biz will be absolutely obliterated because they got meme’d by the kikes fudding it saying “it’s a kikecoin dont buy it”
FOLLOW
THE
MONEY

[Anonymous No.16125773]

>>16125724
I doubt he did. You'd be amazed how ignorant professors can be about things outside their narrow expertise.

[Anonymous No.16126325]

>>16125745
and they are?

[Anonymous No.16126828]

>>16125331
My dad is a uni professor at the second best uni in the country, he says "any retard can get a phd". He is so stubborn it makes him blind to facts.

[Anonymous No.16126842]

>>16125348
>'i think blockchain will be successful but not bitcoin'
He's right. The blockchain is so much bigger than bitcoin, it'll be revolutionary. Bitcoin is just some dinocoin. Stablecoins and privacycoins with actual uses will replace it

[Anonymous No.16126844]

>>16126828
Good answer, memorizing and spaying it back on paper doesn't make a clever one.

[Anonymous No.16126857]

>>16125434
A pajeet backed scam coin of a deluded pathological liar.

[Anonymous No.16126865]

My uncle is CEO of Bitcoin and she says it's good

[Anonymous No.16126876]

>>16126842
Yes this. My parents thought I was a retard saying block chain is different than bitcoin... They thought it was all dumb. Now they want to invest after having to go to presentations at the bank they work at on how block chain will be used in banking. The guy talked a little bit about existing cryptos. (Btc eth xrp) Basically said ETH or something very similar will most likely take over.

I bet he is invested in LINK.

[Anonymous No.16126907]

>>16125679
topkek

[Anonymous No.16126913]

>>16125362
>What is chainlink
>What is BSV
>What is RSR

[Anonymous No.16127179]

>>16125708
yeah haha fuck gold dude so true. Like it doesn’t even do anything you’re right lmao! So stupid that it’s been used as hard money throughout history, in fact I think it’ll go to zero tomorrow morning because reasons

[Anonymous No.16127190]

>>16126865
Unusually high quality post

[Anonymous No.16127282]

yeah a lot of people have a really narrow focus. Ari Juels has more academic authority than your brainlet cuck professor though and according to him blockchain is good. so fuck you kill yourself.

[Anonymous No.16127308]

>>16125331
Because he's a fucking retarded boomer who learned coding on a commodore.
Ask the moron if he knows what's a public and private key. If he doesn't, he's not qualified to answer.
I'm a software engineer and understand the value of cryptography. The cunt boomer/genX guys didn't have cryptography in school

[Anonymous No.16127341]

>>16126325
You must be new here.

[Anonymous No.16127367]

>>16127341
yes

[Anonymous No.16127379]

>>16127308
I made BTW 700% profit on LTC so if you're a baghoder cunt your opinion doesn't matter

[Anonymous No.16127391]

>>16125362
>what is FANTOM

[Anonymous No.16127417]

>>16127308
This.

[Anonymous No.16128024]

>>16125348
i am friends with someone who is a wealth manager for very high net worth individuals. he says the same tarded things "blockchain is great, bitcoin not so much"
if you try to pin down "how does a blockchain function without the incentive of a unit of currency forming its basis...ie why would anyone do it?" he babbles and gives no answer. they literally miss the forest for the trees and their attitude is "tcp/ip is worthwhile investment...but goog, fb, msft, etc not so much"
This fact is what lets me know that we are upon the cusp of the greatest wealth rebalancing the world has ever seen.

[Anonymous No.16128062]

>>16125331
having knowledge in one field of science doesn't make you smart in others.

[Anonymous No.16128196]

>>16125331
Well it depends, because most of the project are actually very shady and scammy out there.
But there are some projects with working product out there like Howdoo.
The app is working fine and the team is also constantly updating it. Apart from that the team is also doing much marketing work.

[Anonymous No.16128215]

>>16125331
If you're teacher, which is what he is not a fucking professor, was so smart he would be running a quant hedge fund and making billions. But he's not because he's a dumbass and teaches retards like you for $100k.

[Anonymous No.16128266]

>>16128215
Exactly. I work in IT at University and it is appalling how behind they are. On my team, which is tier 3, aside from myself there is one guy who owns a small amount of BTC on Coinbase, and everybody else pretty much thinks its a scam. One guy said he would buy a BTC, except he can't afford $8000 (he thinks BTC is not divisible). The professors don't know shit outside of their very narrow area of focus.

[Anonymous No.16128289]

>authority figure says x, so x must be true
Why haven’t you taken the logic pill?

[Anonymous No.16128332]

>>16128266
>One guy said he would buy a BTC, except he can't afford $8000 (he thinks BTC is not divisible)
One of my long-term slow jams is going to be sitting on the balcony of my citadel and watching the integerlets scavange for food on trash heaps.

[Anonymous No.16128532]

>>16125419
unironically this. it's not that they don't think the tech works, it's that they NEED it to fail in order to validate their own miserable existence just as stinky linkers NEED it to succeed.

[Anonymous No.16128689]

>>16126842
Bitcoin is actually really fucking awesome, even if I missed the boat. I can't stand fags that think BTC is a threat to their shitcoin's future. BTC is a complex economic ecosystem that is not going anywhere for a long time whereas 'blockchain' is just some nebulous concept that no one has any idea of how to apply to the real world. If they said something like 'smart contract platforms are the future' at least I could get my head around what they mean.

>>16128024
Wholly agree anon. I think the smart contract stack is really what is going to push this stuff into reality, whether it's on Eth, hyperledger, or some other platform.

[Anonymous No.16128704]

>>16125331
Even the smartest of professors are usually sheltered retards with no skin in the game. Their opinions don't mean much.
Also, people with an education in finance or economics are more likely to understand the important of crypto over CS professors.

[Anonymous No.16128721]

>>16125654
haskell my block chain daddy

[Anonymous No.16128766]

>>16125331
>computer science professor

[Anonymous No.16128771]

>>16125331
There is little chance btc becomes the world fiat currency

[Anonymous No.16128796]

Compsci MsC. here. BTC is literally becoming the world's reserve currency before our eyes by arbitraging nations against each other. See currently Argentine peso vs bitcoin. This process will keep accelerating since btc is more sound than any fiat shitcoin on the market right now. That's not to say btc is perfect, but an immutable ledger is already 1000x better than fiat of which billions can be printed (and are) at a whim.
Everytime a shitcoin like the bolivar loses vs bitcoin, the use case is strengthened for future repeat. Final showdown will be dollar vs btc. China already securing her position.

[Anonymous No.16128870]

>>16128689
>'blockchain' is just some nebulous concept that no one has any idea of how to apply to the real world.
> I think the smart contract stack is really what is going to push this stuff into reality
Smart contracts take place on the blockchain you stupid nigger

[Anonymous No.16128893]

>>16128870
no shit retard but the people who say ' oh i think blockchain will be huge' are just parroting some retarded boomer article they read and have no fucking clue what they are talking about.

[Anonymous No.16128902]

>>16128024
Bitcoin isn't the only unit of currency on the blockchain
There are thousands, most useless, but some are just as useful as bitcoin like Monero, RSV and DAI

[Anonymous No.16128915]

>>16128893
But the impact of the blockchain will be huge. It is a huge evolution in the use of the internet and in automation and decentralisation.

[Anonymous No.16128928]

>>16127367
Pretty sure they’re xrp and xlm. Neither are too hot right now.

[Anonymous No.16128948]

>>16128024
any reputable company experimenting with blockchain currently, has not partnered with any of these shitcoins.
really makes you think

[Anonymous No.16128959]

>>16125745

ok not only are you a tripfaggot but you're deluded as fuck and don't understand bitcoin at all if you think centralized bank coins are going to win. kill yourself. but first

BACK TO R*DDITTTTTTTTTTTTT

[Anonymous No.16128965]

>>16125460
This is the same reasoning I give basically any naysayer of crypto. It's revolutionary tech that is DISRUPTIVE. I could get charged $20 to transfer $500 to a relative out of country and it'll take a least a day to clear. Crypto? MINUTES. With certain currencies, SECONDS. And this all costs me PENNIES.

To think crypto doesn't have a future, not even regarding the power of smartcontracts, that means you're ignorant of what it can do, the problems it solves, and have zero imagination.

[Anonymous No.16128981]

> Be 1880
> horseless carriage drives by
> over age 50 man "what a useless piece of junk"

These idiots are gonna be living on the street in their final days. Good riddance.

[Anonymous No.16128992]

>>16126842

[Anonymous No.16129008]

>>16126828
he’s right

[Anonymous No.16129016]

>>16128992
Not an argument sweetie

[Anonymous No.16129031]

>>16129016

why would i want to argue with retarded n00bs that don't get it yet? lmao

[Anonymous No.16129123]

>>16128915
I agree anon. I've never tried to portray anything differently, however, I've actually put in the time to understand the space so as not to make silly claims like that with no attachment to anything tangible.

[Anonymous No.16129130]

>>16129123
Fair enough

[Anonymous No.16129134]

>>16125331
Most people with a computer science degree don’t understand Nakamoto consensus. Cryptography and consensus algorithms aren’t standard curriculum material. And then you add economic incentives on top of that, which even fewer comp sci grads can conceptualize.

[Anonymous No.16129226]

>>16126842
DEX'es and therefore the Ethereum chain will also only grow from here.

[Anonymous No.16129984]

>>16125331
Capitalism itself is a ponzi scheme.

[Anonymous No.16130000]

It literally is a ponzi.

[Anonymous No.16130019]

>>16130000
Also checked.

[Anonymous No.16130261]

>>16130000
>It literally is a ponzi.
What is mining?

[Anonymous No.16130332]

>>16128928
XRP will drop out of top 100 next year. XLM will pump, then dump hard into top 50.

[Anonymous No.16130359]

>>16130000
Bitcoin now, yes. Bitcoin 5 years ago, no. It was a simple poc for a distributed ledger preventing double spending through pow and economic incentives.

[Anonymous No.16130364]

>>16130019
I don't even like NFL and that was infuriating

[Anonymous No.16130665]

>>16125331
I know for a fact seasoned software architects looking to integrate with blockchain are fans of Chainlink. I can’t prove this shit to you but literally everyone knows about Chainlink as a legitimate solution. They don’t really want to speculate with their money because they’re older than us and thus much more risk adverse. It’s just common knowledge that Chainlink is how you should be looking to interact with blockchains.

[Anonymous No.16131103]

>>16130019
>>16130364
Can you explain what happened there and why for 3rd world savages who don't understand football?

[Anonymous No.16131124]

>>16129226
>>16126842
Yep

[Anonymous No.16131127]

>>16125362
Bitcoin (bsv) is literally instant.

[Anonymous No.16131152]

>>16126865
>uncle
>she

Post boipucci

[Anonymous No.16131176]

>>16125331
its less of a ponzi scam than fucking stocks lmao, have fun with ur shit knowledge from a boomer professor KEK

[Anonymous No.16131191]

>>16125331

Bro, just show him this bro:

>>16130287

[Anonymous No.16131330]

>>16128948
I don't think they should
If these smart contracts do work they will not use some bullshit token tied to tokenomics to execute actions. It'll likely be a federation of offices to seamlessly transfer data. The idea of a contract token is ridiculous.

Only bitcoin make sense while everything else is adding some bell or whistle at the cost of security. There is blockchain and there is bitcoin. Bitcoin is its own thing and is very valuable, and soon its going to be the native currency integrated into these contracts. Nothing else makes sense

[Anonymous No.16131550]

The blockchain is a novel method of record-keeping. Every time we've developed better ways to keep records, we've always had gigantic leaps in economic development accompanying it, because so much overhead exists in bookkeeping it's surreal.

[Anonymous No.16132102]

>>16126842
It's vice versa. Bitcoin's game theory of fixed emission cryptographic cash is what makes it. Blockchain is a meme, that in any other applications than currency, is irrelevant, bloated and proven useless.

[Anonymous No.16132179]

>>16125362
right, it will never happen. There is also no way that a computer will ever be able to calculate prime numbers greater than 6 digits without being the size of an entire building and taking a week.
Count on whatever you don't expect to happen, or don't be prepared. Your choice.

[Anonymous No.16132190]

>>16125487
>There are new and more exciting things happening these days.
please talk about these then, so /biz/ can diversify.

[Anonymous No.16132720]

>>16125331
It's threads like these that make me realize just how useless advice on /biz/ is, and just how misinformed you all are.

This isn't a guy who went to a top 5 CS school. This is a guy hearing things second hand from some guy who went to a top 5 CS school.

Who gives a rip about that? The top 5 CS schools churn out thousands of credentials every year, having one does not make your opinion worthwhile.

Meanwhile there are zillions of graduates from top 5 CS schools who do like blockchain.

Do not make any investments based on what /biz/ says, you're all a bunch of underinformed undereducated losers.

[Anonymous No.16132786]

>>16125331
I teach CompSci at my local polytechnic, and I FUD bitcoin non stop all day to my students. Any of them stupid enough to believe me don't deserve to make it, the useless wankers. Every so often I'll drop a subtle nod in there, like using the verge of second bailout front page as a PowerPoint background. I'd like to think that some of the smarter ones recognise what's happening, but I'm probably wrong

[Anonymous No.16132817]

>>16125362
>Smartcontracts not currency
Everybody has Bitcoin blinders and literally missing the play here.
For the foreseeable future the money will be fiat/digital fiat but the protocols that run web3 will accrue the value

[Anonymous No.16132827]

>>16125434
a shitcoin

[Anonymous No.16134020]

>>16132786
You are basically saying they are dumb because they look up to you and/or value your advice. Reflect on that...

[Anonymous No.16134039]

That's what I would say to normies

[Anonymous No.16134065]

>>16131103
Ref moved the ball forward half a yard giving the offensive team a first down.

[Anonymous No.16134080]

>>16125331
hold on, hold on.
You asked a fucking boomer what he thinks about crypto and he said its no good?

Like
Dude
Holy shit dude.

[Anonymous No.16134100]

>>16134020
They (or the majority of them) are dumb because they don't question authority, and they regurgitate opinions they haven't criticised because they're too lazy to do so

[Anonymous No.16134150]

>>16134020
I never provide any reasoning for why Buttcorns are a ponzi. On the other hand, I try to teach them the importance of self-governance, and to verify rather than trust. These are backed up by examples and well-reasoned arguments. I also tell them that the (((printing presses))) never stop printing new sheets of money, and that the personal debt of their generation will likely reach levels never before seen in human history. I also FUD managed investment funds, and point out the stock markets have triple topped. If they're smart, they will see where I'm leading them and ignore the "it's a ponzi" talk. What do you think would happen to my job if I straight up told them that Jews control the banking systems and government fiscal policy, and that cryptocurrency represents the first real chance for hoi polloi to wrest back control from their talons?