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There was a time around 2020 I believe, where everyone and their mother was talking about crypto and the blockchain, and how it's going to be this big technolog
by mmmmmbop 4y ago
There was a time around 2020 I believe, where everyone and their mother was talking about crypto and the blockchain, and how it's going to be this big technological revolution. All kinds of private and public initiatives decided to include "the blockchain" in their projects, NFTs became huge, and there was talk of putting real estate, healthcare, and logistics "onto the blockchain".
It's been three years since then, and still no real-world use case has emerged. I don't dispute that there are completely valid use cases for cryptocurrencies, mainly around avoiding governmental financial restrictions and safeguards, and there are still loads of people using cryptocurrencies for speculation and/or as a "store of value". But the whole ecosystem of distributed apps, smart contracts, DAOs, and so on, still mainly revolves around itself, without wider societal impact.