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> Blockchain advocates have yet to prove that the underlying technology can live up to the grand claims made for it. I agree with this sentiment. Since blockch
by stockkid 8y ago
> Blockchain advocates have yet to prove that the underlying technology can live up to the grand claims made for it.
I agree with this sentiment. Since blockchain was introduced I have seen many people building solutions on top of it, but not many people actually using those solutions. Instead, it seems that the most prevalent use of blockchain technology or crypto currency is to boost the speculative wealth of their stakeholders.
- nyolfen 8y agoto me this seems like dismissing the web as a novelty in the 90s. we're in early days yet, and still assembling the ideas and fundamental components for what it makes possible.
- acdha 8y agoBy 1995, the web had clear and significant business value. Online commerce was rolling, access to information and services was driving a big rounds of investment at all sorts of companies, ordinary people were starting to use things (news, forums, dating, fantasy football, etc.) on a daily basis, etc. That was despite computers and network access being very expensive and horrible by modern standards – remember dialup and navigating at 14.4k? In contrast, we’re a decade into blockchain hype, adoption is far easier than getting online was, and yet the only reason most people know about it is ransomware, drug purchases, or speculation. The number of people who have any need to use it on a daily basis is still a tiny fraction of the population and only the speculators would be inconvenienced if it suddenly stopped working tomorrow.