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Bad application of technology doesn't (necessarily) mean that technology sucks. Not that I care for most projects in blockchain sphere, as 95% of them are scam
by amenod 8y ago
Bad application of technology doesn't (necessarily) mean that technology sucks.
Not that I care for most projects in blockchain sphere, as 95% of them are scam and 4.9% naive / misguided. But blockchain does have its uses, it's just the ICOs (and other manifestations of greed) that gave it a bad name. Audit logs anyone? That's the killer feature.
- dullgiulio 8y agoFor auditing there are auditing companies, they can timestamp the consumers data. If you don't want to pay an auditing company, you will have to pay the computing power for proof of work. Not a big gain.
- amenod 8y agoSure it is. It commoditizes trust, making audit logs easily accessible and cheap for many many companies. Besides, which auditing company do you trust?
- admax88q 8y agoHonest question, what uses does blockchain have? I have yet to find a single use case that isn't better served by a few centralized or federated systems. Even digital currency I believe is better solved by systems like GNU Taler.