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Blockchain’s Hype Is Dying According to Corporate America’s Earnings Calls
- serg_chernata 8y ago"Blockchain is Dying" Someone may eventually be right, but the number of times these words have been uttered is astounding.
- tluyben2 8y agoIt is a little more nuanced; the hype is dying (or so the writer believes).
- serg_chernata 8y agoI understand and agree. It's just a "water is wet" article. There's no profit in current bear market = there's no hype.
- bitxbitxbitcoin 8y agoThe benefit that the technology brings, sans speculation, should be the same regardless of whether it's a bear or bull market though. What about blockchain technology development that isn't tied to a tradable token?
- brokensegue 8y agopeople realized there is no such value without the tokens.
- gibsons77 8y agoThere is an EIP 1337 "Subscription Services on the Blockchain" that I think will supplement/replace tokenomics. It's what it sounds like, a decentrilized subscription protocol that allows builders to monetize their d-apps with ETH based on recurring payments to access the services. This is essentially the first step to web 3.0 and a universal login.
- Fnoord 8y ago> It is a little more nuanced; the hype is dying (or so the writer believes). Which would correlate with the title: "Blockchain’s Hype Is Dying According to Corporate America’s Earnings Calls"
- craftyguy 8y agoAs a software developer who relies heavily on git, I sure hope 'blockchain' isn't dying!
- ceejayoz 8y agoIf Git is a blockchain, explain `git push --force`.
- craftyguy 8y agoA way to break the chain and create a new one. I was making a joke and using a very loose definition of 'blockchain'[0], so shoot me. 0. "a data structure that carries some quantum of payload and a reference to the previous block"
- gibsons77 8y agoI guess DAG with a merkle tree data structure would be more appropriate. Blockchain should be reserved for DAG's that use Nakamoto Consensus (or similar) to determine the longest chain.
- Kinnard 8y agoBest time to Buidl.
- aportnoy 8y agoTo BUIDL and soon to go bankruptl
- elite_trader 8y agothe number of people who got lucky on bitcoin and now feel like they are validated enough to try and give any level of financial advice is super funny
- deleted 8y ago[deleted]
- gibsons77 8y agoBuilding d-apps is now financial advice?
- propter_hoc 8y agoOriginal article (with more data than this comment piece): https://www.axios.com/corporate-america-blockchain-bitcoin-fervor-over-fb13bc5c-81fd-4c12-8a7b-07ad107817ca.html https://www.axios.com/corporate-america-blockchain-bitcoin-f...
- option_greek 8y agoIf we can count on one thing that never dies, it is companies like IBM embracing buzzwords like AI and Blockchain and leeching millions from brain dead Non-IT companies that drink their consultancy koolaid. It's kind of predictable to hear a Buzzword and add five years to the time it became a buzzword and you can search IBM + buzzword to see that they are the top results.
- rajacombinator 8y agoIs there anything that can be done to combat this phenomenon? (I doubt it, but hoping ...) It seems enormously destructive and wasteful for society...
- option_greek 8y agoSadly no. But luckily its self correcting. While traditional companies drink koolaid and aim for short term share price bumps, tech behemoths continue to eat their lunch. In a few decades (4-5), there might not be any traditional companies left to drink the koolaid.
- radicaldreamer 8y agoWell, it’s the tech behemoths who become the IBMs on that time scale...
- yitosda 8y agoIf The IBMs have no one left to scam, they are no longer IBMs. They'll settle for some other kind of awful, I'm sure.
- vertexFarm 8y agoGood question. But it could be that the hype cycle is a natural part of idea development and it may even hide beneficial effects to the timeline of refining a concept. It's kind of hard to say because we can't go back and do an empirical experiment; to try and develop the same technology twice, once with short, sexy buzzwords which spread through the media like an STD and once with dull but realistic scientific papers that never reach any laypeople until the tech is actually done and applied to products and services. I guess a way to tamp it down might be to avoid appointing big, singular celebrity personalities as officers in the company, to carefully plan press releases, and try to describe concepts precisely and plainly instead of with trendy terms. But it's still so hard to predict what kind of terminology will have that buzz factor before it hits the public, so it might all be pissing up a rope. Once more, it might actually be a bad idea to try and combat the over-hyping phenomenon when all is said and done. Sure, there's a trough of disillusionment, but there's also a lot of skilled individuals who get swept up in the gravity well of that concept anyway and add talent and funding despite the fact that expectations overshoot reality at first. It might not be so destructive or wasteful, but instead we place too much psychological weight on disappointment and let it blind us to the more modest and slow (but realistic) benefits. I think we as a culture are terribly phobic of disappointment. Of course some hype cycles don't end in a plateau which gradually progresses upwards--some ideas just die. Who knows how to really spot one of those in time to do any good, though. Hindsight is a benefit we don't get until it's too late, and we must simply try to apply what we learned to the next thing. The next thing is always a little different, though, so it's never a perfect prediction. For reference if anybody hasn't seen it already: https://en.wikipedia.org/wiki/Hype_cycle https://en.wikipedia.org/wiki/Hype_cycle
- beginningguava 8y agoI compare the 2017 crypto hype to the dot com bubble, people finally realized the potential but the real life value isn't there yet, lot's of scam ICOs just like all the companies that raised money during the tech bubble. Just like the dotcom bubble people said internet/tech was dead, there are people saying blockchain is dead. I think that out of this batch there will be the Google's, Amazon's, etc that emerge and actually deliver real world value as opposed to just hype
- rajacombinator 8y agoNo evidence of any useful non-Bitcoin blockchain applications so far, so no reason to expect any Amazon/google type successes. If someone figures out something useful to do with “blockchain” it will probably blow up quickly.
- gibsons77 8y agoTIL that MakerDAO, DAI, Digix, dydx, dharma protocol, 0x, derivatives tokens, Augur, and Aragon aren't useful.
- rspeer 8y agoGlad you could get caught up.
- gibsons77 8y agoSo you think decentralized finance is a ruse? I can trade AAPL stock derivatives using ETH on the blockchain today. How is that not useful?
- gamblor956 8y agoStock trades are already decentralized. You can trade AAPL stock derivatives directly without using a blockhain or a stock exchange, so the blockchain part hasn't added anything useful to the transaction.
- adamnemecek 8y agoCrypto is going to come back with vengeance.