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The problem with blockchain is that it's just a distributed append-only log. There's really nothing else inherent in it. There are very few, if any, application
by dmitriid 5y ago
The problem with blockchain is that it's just a distributed append-only log. There's really nothing else inherent in it. There are very few, if any, applications for it.
However, too many conversations around it attribute magical properties to it. And any solutions built on top of it can, and have been, built more efficiently using almost literally anything else. Well, paper records are less efficient :)
And as far as trusting databases goes, in the end you need government to accept whatever records there are. And nothing can help there. And even in blockchain world hard forks and re-writing of history happen even without any governments.