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Block which renamed itself from Square to rebrand itself as a blockchain platform is winding down its blockchain platform efforts.
It’s now clear that there is little value in blockchains and crypto as a technology platform. Crypto has found a niche as a form of speculative assets for financial risk takers and a tool for moving money around while avoiding regulation (e.g. ransomware payments, foreign remittances, etc).
https://www.cnbc.com/amp/2024/11/08/jack-dorsey-dramatically-shutters-blocks-tbd-crypto-unit.html
@carnage4life are you saying he's been Winklevossed? jk
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Lol @ Marc Andreessen.
@carnage4life
Blockchain and Bitcoin are not "speculative assets"...
...they are entirely an elaborate game of "chicken" , each waiting to see if all the others flinch, and who goes over the cliff...
@carnage4life Interesting with the timing. Bitcoin moving up, Trump administration positive on it, would have assumed people who like Jack to double down. Instead, he's scaling down? Hope others who are bullish on it take note of this move!