[does a doubletake]
What? Really? So, what you are saying, is that bitcoin was never designed, or intended to act like a currency in the first place. No wonder it has turned out to be such a shitty one. It was, from the start, meant to be nothing more than a speculator’s pyramid scheme, and a money laundering mechanism. It’s really starting to look like the bubble/casino behavior it has exhibited was the intended purpose all along. A scheme to inflate a speculation bubble so that the originators can reap millions before it crashes, and the supposed claim of being a “currency” was nothing but a lie from the start, because it was designed to prevent it from having any of the properties required for a useful currency.
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The best way to make money off of crypto… This course explains what NFTs are | Boing Boing
is to offer a course explaining it. 
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Where are you getting this information? That is not my understanding of what happened at all. My understanding is that all of the trading going on was for futures contracts for bulbs that never even actually changed hands. And nothing changed the fact that it takes years to cultivate the bulbs.
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Absolutely. After all, the people who really make money during a gold rush aren’t the ones digging for gold, it’s the ones selling them shovels.
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I’m no crypto advocate, but what you describe is true of all money
Sure, but in this case I wasn’t talking about using blockchain for money, but as a platform for arbitrarily complex applications. Money can’t really do that directly in any of its various forms. The fact that Ethereum has just turned into another investment is a partial failure really, not a feature, considering its original purpose ( a distributed application platform ).
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I think by now the general consensus is that “blockchain” is a solution in search of a problem.
In most cases – especially those of “permissioned” blockchains – a traditional database is usually a more appropriate and efficient approach. There’s also the big issue that you can’t delete or alter stuff that is on the blockchain; blockchain proponents consider this an advantage but it conflicts with privacy legislation on the books in many countries that gives people the right to have their personal data corrected or deleted, and disqualifies “blockchain” for any application that deals with people’s personal data.
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