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> The discussion about whether or not blockchain technology is useful has literally nothing to do with cryptocurrency bubbles. These seem very closely related
by jmull 9y ago
> The discussion about whether or not blockchain technology is useful has literally nothing to do with cryptocurrency bubbles.
These seem very closely related at this point. A cryptocurrency bubble seems to be the primary use of blockchain tech so far, and the eye-popping amount of money seemingly involved appears to be the primary driver of interest in the technology.
You can hardly think about one without the other. E.g., suppose you had a great use for blockchain -- say, your book of record/holdings -- along with a great plan to develop and roll a system based on it that had nothing to do with cryptocurrencies.
You'd still have to account for what you plan to do if (when) enough money has been lost on cryptocurrencies that blockchain becomes a dirty word that will kill your system if it because associated with it. Beyond any technical differences, your non-blockchain competitors won't have to convince potential participants that their system's architecture isn't actually some tricky way to rip them off.