BitTorrent is selling for $140M to Justin Sun and Tron
This is going to be one of those huge historical moments when idiots/the greedy get screwed and we write about it later.<p>Most tech people I talk to have realized Blockchain is useless outside of applications that require decentralized verification.<p>You wouldnt use blockchain for social media, you wouldnt use blockchain for most download services, you generally wouldnt use blockchain when a centralized server is cheaper and faster.<p>It costs more money to pay multiple people to verify. It costs less money for less people to verify.<p>Not sure the detail I need to go on HN, but the understanding of blockchain on reddit is non-existent. They believe it can and should be used everywhere.<p>This understanding has created uninformed youtube videos and ICOs that promise the moon.<p>Then there seems to be people who work in tech that understand what is useful here, and whats hype.<p>Most techies moved on, sure you own bitcoin because thats a real application of blockchain, but outside of Bitcoin there isnt anything currently useful.<p>Ask a Tron owner about blockchain, that should be enough to show you how misunderstood crypto is, and how the people who own alt coins are going after money rather than tech.