• Mubelotix
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    3 days ago

    Cryptography isn’t cryptocurrency. It’s completely different

    • self@awful.systems
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      3 days ago

      yeh I know, so calling out zk proofs as “the technology behind crypto” really reads like calling hydrogen gas “the technology behind the Hindenburg”, doesn’t it.

      • bitofhope@awful.systems
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        2 days ago

        I don’t think that simile quite lands. Hindenburg worked as expected until its sudden catastrophic demise and hydrogen caused both the function and the failure. Zero knowledge proofs neither make cryptocoins work nor are they the reason why they don’t work.

        A more apt comparison is something like saying levers are the technology behind this perpetual motion machine.

        The design incorporates levers that fail to make the device function, but it’s not like levers are useless because of that.

        • Klear@sh.itjust.works
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          2 days ago

          I mean, have you tried building the gizmo in the picture? Just because similar designs have always been used by scammers and crackpots doesn’t mean the tech is bad. Now, if you could invest into my startup…