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Other headlines I have read: "What could blockchain do for music?" "Blockchain - the future of healthcare?" "De Beers turns to blockchain to guarantee diamon

Other headlines I have read: "What could blockchain do for music?" "Blockchain - the future of healthcare?" "De Beers turns to blockchain to guarantee diamond purity" "Blockchain Technology Is Becoming Crucial For Space Exploration" "The Blockchain Art Market is Here" It is actually quite remarkable how much hype there is for this technology that hasn't really done anything useful besides cryptocurrency (and even then, we can argue about how useful that really is...). Seriously though, how on Earth did the hype get this far? This technology is actually not that interesting or new or proven to do anything. It's an interesting study of human psychology. Are there any other examples of technology with a worse hype to usefulness ratio? At least "machine learning" has actually done something useful in places.

petra 8y ago
If you build your own software that needs to be secure, it is hard and risky(for your career). Maybe the blockchain is a way to outsource that responsibility, rightfully, because of the large community and money invested in making sure it's safe ? Which manager won't like that ? And also great, manager have heard of it - because bitcoin is famous. In addition, blockchain offers a new funding mechanism. Which founder wouldn't like that ? And VC's seem to like all those virtual coins.
- Moodles 8y ago
  Please explain, in detail.
  - petra 8y ago
    The bitcoin ecosystem, a type of blockchain, manages tons of money, and does so in the public - open source, open ledger, everyone can try to either crack or improve it, etc. And yet it works well. And everybody has heard of it. So let's say i'm a manager at big corp X, and need to implement a secure transactions system(for whatever) - Is there a better way to cover my ass than using a blockchain ? to cover my manager's ass than to choose bitcoin/blockchain ? What is that way ? As for VC, this is one article: https://www.ccn.com/whats-behind-the-multi-billion-dollar-venture-capital-interest-in-crypto/ https://www.ccn.com/whats-behind-the-multi-billion-dollar-ve... And i think it also helps us understand why some founders would like blockchain. Also, a side note: it's extremely easy to make someone interested in the success of some crypto coin. This means many people now have the motive, and manipulating the media becomes a possibility , and maybe , it's easier in the age of internet.
phs318u 8y ago
> how on Earth did the hype get this far? https://news.ycombinator.com/item?id=16900754 https://news.ycombinator.com/item?id=16900754 :)

petra 8y ago

If you build your own software that needs to be secure, it is hard and risky(for your career). Maybe the blockchain is a way to outsource that responsibility, rightfully, because of the large community and money invested in making sure it's safe ? Which manager won't like that ? And also great, manager have heard of it - because bitcoin is famous. In addition, blockchain offers a new funding mechanism. Which founder wouldn't like that ? And VC's seem to like all those virtual coins.

Moodles 8y ago
Please explain, in detail.
- petra 8y ago
  The bitcoin ecosystem, a type of blockchain, manages tons of money, and does so in the public - open source, open ledger, everyone can try to either crack or improve it, etc. And yet it works well. And everybody has heard of it. So let's say i'm a manager at big corp X, and need to implement a secure transactions system(for whatever) - Is there a better way to cover my ass than using a blockchain ? to cover my manager's ass than to choose bitcoin/blockchain ? What is that way ? As for VC, this is one article: https://www.ccn.com/whats-behind-the-multi-billion-dollar-venture-capital-interest-in-crypto/ https://www.ccn.com/whats-behind-the-multi-billion-dollar-ve... And i think it also helps us understand why some founders would like blockchain. Also, a side note: it's extremely easy to make someone interested in the success of some crypto coin. This means many people now have the motive, and manipulating the media becomes a possibility , and maybe , it's easier in the age of internet.

phs318u 8y ago

> how on Earth did the hype get this far? https://news.ycombinator.com/item?id=16900754 https://news.ycombinator.com/item?id=16900754 :)