> What am I missing? You're not missing anything, in my opinion. Private blockchains make little sense, and the standard rebuttal of this simply lists a large

> What am I missing? You're not missing anything, in my opinion. Private blockchains make little sense, and the standard rebuttal of this simply lists a large number of "potential applications", without going into detail on any of them and explaining how a private blockchain solves that specific problem.