This just strikes me as wrong. His chain of logic does not lead to distributed ledgers. Mainframes, PC's, iPhone, distributed ledgers? Before I dive in I must s

This just strikes me as wrong. His chain of logic does not lead to distributed ledgers. Mainframes, PC's, iPhone, distributed ledgers? Before I dive in I must say that the new trend for people to use blockchain as a noun describing the underlying system of Bitcoin and other coins is highly annoying and cringey. None the less, blockchain is not a peice of technology. It's a contract backed up by probablity and the nature of the internet. The contract is a big lumbering thing that has a life of it's own -- for each implementation of this "tech" you are stuck with that beast which, if you are even able to get enough people to feed it, will fluctuate wildly in many capacities before eventually dying. It's not like a new mems accelerometer where once it's out you can now just pump out thousands of units. The nature of Bitcoin (i refuse to use the blockchain noun) lends itself much more to being a global complement to centrally managed monetary systems (or stand on it's own as the world's currency, but I don't think that would be optimal).