Crowdfunding platform denies claim about its own internal figures.

cross-posted from: https://hexbear.net/post/2105395

From the middle of the article:

The Fortune report claims that Kickstarter’s controversial plans to move theplatform onto the blockchain in 2022 - which were met with no shortage of backlash from creators and consumers alike, and triggered an exodus of creators to rival platforms - came in the wake of a secret $100 million round of investment led by a16z, the crypto fund of venture firm Andreessen Horowitz.

I can’t believe I’m going to ask this really dumb question here, but, err, umm…

…What’s blockchain?

Hides behind shield.

  • DamarcusArt@lemmygrad.ml
    7·
    3 months ago

    The blockchain is when you make things unnecessarily complicated because you mistake “complicated” and “using enough electricity to power a small nation” for “security.” It’s a vague techbro fad thing that they used to try and sell those ugly monkey jpegs. It has no real benefit on the consumer end, as 90% of all “hacking” is someone calling or emailing you and obtaining your passwords that way, not some guy in a V for Vendetta mask in a dark room stealing them. It claims to be more secure, but does nothing about the #1 security issue people face. and as I mentioned before, to keep something “on the blockchain” it requires servers to run 24/7 and consume a lot of power.

    I haven’t mentioned what it actually is this entire time because it’s a waste of time. It’s techbro jargon designed to make it sound extra special and important, but what is important is the actual function and requirements of the blockchain, and whether it actually does the things it claims to do.