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I view the use of the term "blockchain" as a good litmus test as to the speaker's motivation. The word should really only be used to refer specifically to the d
by zekevermillion 10y ago
I view the use of the term "blockchain" as a good litmus test as to the speaker's motivation. The word should really only be used to refer specifically to the database structure that is a blockchain. When someone uses the term blockchain to refer to the bitcoin network, bitcoin tokens, or the bitcoin industry or "movement", I suspect that the speaker does so b/c he is uncomfortable saying "bitcoin". He wants to talk about bitcoin, without appearing to endorse the ideals that gave rise to bitcoin. Perhaps he thinks satoshi's approach is misguided, or he eschews satoshi's ideals in favor of making a living from the existing business/state edifice. Plenty of smart people are in this camp, and to them I would charitably allow that they use abuse the term blockchain out of an honest desire to seem less threatening to the uninitiated.