The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

It doesn't always have to be “on the Blockchain”

3 min reading

People are desperately trying to place Blockchain on the map and make sure that it gets all the attention it deserves. 

blockchain https://www.freepikcompany.com/legal

Ever since the word “bitcoin” entered the mass stream, people have been obsessed with putting something “on the blockchain”. There is an army of crypto influencers and snake oil traders out there dedicated to promoting these things: blockchain real estate, blockchain social media, soundcloud rap on blockchain. It makes sense in one sense - smart contracts allow you to place all kinds of computer programs on the blockchain, and shiny new technologies can be an attractive corner for investors. But how many technologies we already use today actually require a crypto component?

 The latest case of over-coverage of cryptocurrencies comes from an investor named Greg Isenberg who runs a mutual fund investment studio called Late Checkout. He runs a social start-up called Islands, which - miraculously - was sold to WeWork in the summer of 2019, just before the big Workspace crashed. In a tweet last week, Eisenberg suggested that tenants integrate their lease processes into the blockchain. The post includes several stop lines and reads like bad poetry in prose:

Here's how it works:

  • You apply for a job
  • It scans the blockchain and evaluates your chain experience and credentials
  • If you are above a certain rank, you will be hired within 60 seconds

Despite the similarities to China's social credit system, the idea is too easy to throw away. This is because we already have a system in this sense without any crypto components and it doesn't work.

Automated resume checking - a computer program designed to separate good candidates from bad ones without human judgment - is a notoriously ineffective framework. A Harvard Business School report earlier this year outlined how so-called candidate tracking systems and recruitment management systems are trained to maximize efficiency rather than finding the best candidates. While they are "important" according to the study, they are contributing to a "broken" rental market.

There is a risk of people being reduced to data in spreadsheets: GPA, SAT scores, Booleans set to true or false, depending on whether the candidate has completed four years of college. Of course, Isenberg is just turning the wheel for a good audience. Most of the influential people on Crypto Twitter are clearly biased - deep-pocketed investors who have a financial interest in promoting this technology or crypto enthusiasts looking to get rich.

However, the more investors take on these dangerous ideas, the more they look like reality. It doesn't matter whether consumers really want to live in the Mark Zuckerberg metaverse; we can still exist because money exists. Why should it be different from crypto?

Currency Exchange rate Buy cryptocurrency

The new DEFI platform enters the market! Earn passively - token sale 0.25 $

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.