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There is for sure some value in blockchain technology, but you’re not insane for being baffled by the attention being paid to it. The whole space is riddled wit
by matthewmacleod 5y ago
There is for sure some value in blockchain technology, but you’re not insane for being baffled by the attention being paid to it. The whole space is riddled with nonsense, with very few concrete and practical use-cases being put forward. Cryptocurrencies in particular are awash with outright scams that just drown out the interesting and useful stuff.
I like this well-know NIST flowchart as a starting point: https://images.app.goo.gl/wsK2e2zPUnQW5agRA https://images.app.goo.gl/wsK2e2zPUnQW5agRA
It’s a bit pessimistic perhaps, but it kind of gets to the point: a blockchain is an interesting technology for solving problems where you need to achieve some sort of shared, trustless ledger. That’s useful in some cases, including the implementation of digital currencies.