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It is the people, not the technology. It is about money and getting rich. Whichever problem a certain blockchain is supposed the solve, the main reason for it
by delegate 4y ago
It is the people, not the technology.
It is about money and getting rich.
Whichever problem a certain blockchain is supposed the solve, the main reason for its existence is that the people who create it want to get rich, fabulously rich and fast.
Besides getting rich, majority of these projects are solutions to non-existent or solved problems, which use a very complicated distributed immutable database that very few investors actually understand.
If it's complicated and convoluted, then it must be the future.
Fabulously rich is hypnotising and it can easily become the most important thing in someone's life.
They're betting a lot on being right.
Others, who see the side effects of these people's mission in life, try to wake them up from this hypnosis, but that's impossible.
And so far, they have been right and many got rich.
But I have yet to see a project that solved a real problem (besides dark markets and the ones that enable crypto)
The side effects are not negligible though, they really affect others - scams, ransomware, energy use, etc ..
So it's going to stay polarized.