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> I do still hold out some hope that the tech will evolve and eventually catch on I'd posit it's not possible for DLT to fail any more than it was possible for
by Alex3917 8y ago
> I do still hold out some hope that the tech will evolve and eventually catch on
I'd posit it's not possible for DLT to fail any more than it was possible for email to fail. Yeah adoption could have been slower if the first email clients were shittier or whatever, but at the end of the day one-to-one or one-to-many instant written communication solves a real problem and I just don't see any possible universe where the idea wouldn't have eventually worked.
The conceptual breakthrough of DLT is basically using an algorithm to mathematically guarantee that two numbers sum to zero rather than taking the word of a supposedly neutral (and very expensive) third-party. Once you make that discovery there just isn't any universe where that doesn't outcompete the status quo, any more than we have globally competitive societies who haven't adopted things like fire or the wheel.
The reason it's taking so long to get real products (let alone adoption) is that it requires basically reorganizing our entire society, which doesn't exactly move on a dime.
- api 8y agoPart of the problem though is that the algorithm is fantastically expensive, possibly more so than managing, policing, and occasionally replacing central organizations.