I think you misunderstand my point - I'm not talking about bitcoin hype. I'm actually incredibly impressed by the innovation that bitcoin represents. I don't th

I think you misunderstand my point - I'm not talking about bitcoin hype. I'm actually incredibly impressed by the innovation that bitcoin represents. I don't think it's found its niche yet (aside from the obvious black market applications and pointless financial speculation), but it's a real innovation. I'm talking about "X on the blockchain" type startups, e.g. some of the companies on this list: https://medium.com/the-intrepid-review/the-top-10-blockchain-startups-to-watch-in-2016-the-leaders-who-are-changing-the-game-6195606b0d70 https://medium.com/the-intrepid-review/the-top-10-blockchain.... Many of these things are perfectly possible without using blockchains (and some are just egregious users of other buzzwords) but are more likely to get VC investment because they use over-hyped technologies arbitrarily.