Do you still think public blockchains/stablecoins are useless/a scam?

I don’t think they’re useless, but most of the hype was. Stablecoins clearly solved a real cross-border settlement problem, and some public chains found niche but legitimate use cases. But the majority of crypto projects were still scams or unnecessary. My view is basically: useful at the infrastructure layer, mostly noise at the application layer.

HN has been consistent that their only use-cases are the trading of speculative assets (gambling) and circumvention of law (crime).

Wall St. and the other entities you mentioned engage in one or both of these activities. That doesn't mean we should be cheering them on.

their trading tokens!...nough said

Yes. It is still a scam.

Just because Wall Street and Silicon Valley are still embracing blockchains, 'stablecoins' and other scammy crypto products, doesn't mean it has any legitimate usecase today or in the future.

Crypto, blockchains, stablecoins and the rest of them still cannot do better that what current system already does and is used primarily for speculative and criminal purposes.

Nothing has changed.

> Since then, many corporations, governments, Wall St, and central banks have begun adopting public blockchains, especially Ethereum, and stablecoins.

Do you have actual examples other than companies enabling speculation or worse when they can safely take a cut? PayPal "adopted" crypto (and by extension blockchain) in the sense they will let me buy and sell for a fee. I see that as analogous to a grocery store selling cigarettes -- they haven't "adopted" or endorsed tobacco, they just sell it because they can make money.

IMO blockchains/crypto haven’t become more legitimate, it’s everything else that has lost legitimacy.

> In light of recent progress, has your view changed?

No, my view hasn't changed. The blockchain is not useless, but as near as I can see, it's usefulness is very limited. The cryptocurrency world seems to have many more scammers in it than in the general population, making that world one that I am better off avoiding.

That corporations and etc. have begun using this technology more doesn't make me feel more positively about cryptocurrency. It makes me feel less positively about those entities that are adopting it.

> Do you still think public blockchains/stablecoins are useless/a scam?

yes.

when my mom is able to buy a car with BTC then I'll believe it has value.

otherwise it's just another instrument for speculation and carbon creation