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And then they'll all fail, and people will again realize that simply appending ".com" or "blockchain" isn't actually a miraculous panacea. Meanwhile, legitimate
by jey 9y ago
And then they'll all fail, and people will again realize that simply appending ".com" or "blockchain" isn't actually a miraculous panacea. Meanwhile, legitimate uses of ".com" and "blockchain" will still continue to develop and grow.
- lomnakkus 9y agoYeah, it's not called the Hype Cycle for nothing[1]. Not sure about the latter part of your post -- I'm sure there are legitimate uses of blockchain tech, but on the other hand I'm sure I've seen any yet, personally. EDIT: [1] Actually, it's pretty weird that this is even a thing given how interested we (as effectors of "tech") SHOULD be (but aren't) in how all of this has gone before. Granted, blockchains are a relatively recent invention, but just because it's technically doesn't mean that it's actually meaningfully different in effect/politics/etc.
- lomnakkus 9y agoEh, bad typo there, it was supposed to be...: I'm not sure I've seen any yet [etc.] (I'm sure most a'y'all got ma drift, but ya know. 'plogies, m'am)
- abritinthebay 9y agoSure! I happen to quite like blockchain tech and I think it will end up being very interesting and useful. However I don't think cryptocurrency (at least how it's pitched now) is where it will end up being useful. Bitcoin/etc hype is basically the same as the early 90s hype over the internet - broadly accurate about the possibilities but utterly misapplied and misdirected.