3 ms·
These are all very excellent points. I would go even further: “The only viable application of blockchain is cryptocurrencies” (and cryprocurrencies have a whole
by leifg 8y ago
These are all very excellent points. I would go even further: “The only viable application of blockchain is cryptocurrencies” (and cryprocurrencies have a whole different set of problems).
By arguing that there is only a “narrow set of use cases” you open the door for the counter argument “yes, but MY blockchain startup is not bullshit”.
I isually use the argument “show me the increase of profit margin specifically by using blockchain technology”.
I so far have not gotten a satisfying answer.
- snarf21 8y agoI think there are also use cases that revolve around using a blockchain as a public database and API for the transfer and security of data. Obviously, you could do this without using blockchain IF you could get the top 20 players in vertical X to agree on what that looks like. However, using "blockchain" as an excuse to get the project funded and get buy-in from those same top 20 players so they can talk about blockchain at the next board meeting is an enabler of practical problem solving. Sometimes you have to take the path of least resistance.