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Well, it is a multibillion dollar industry. And it is my understanding that he did not only invent crypto currencies but also the blockchain. While extremely in

Well, it is a multibillion dollar industry. And it is my understanding that he did not only invent crypto currencies but also the blockchain. While extremely inefficient from a database viewpoint, many many companies are throwing cash on it because they see potential in industry, finance, legal etc.

cyberax 3y ago
Should we give Nobel to drug cartels in Mexico for their innovative business model?
- Beijinger 3y ago
  The blockchain is used for many things: https://cointelegraph.com/news/volkswagen-pilots-blockchain-to-integrate-electric-vehicles-with-power-grids https://cointelegraph.com/news/volkswagen-pilots-blockchain-... https://www.cbinsights.com/research/blockchain-disrupting-banking/ https://www.cbinsights.com/research/blockchain-disrupting-ba... Hey, countless universities have blockchain research departments Yes, it is possible that Cryptocurrencies and Blockchain will once be viewed on as the Segway of the IT industry. But lets see.
  - cyberax 3y ago
    Nope. Blockchain is not used for anything useful. It's pretty much exclusively grift and/or crime. All the nonsense about inventory tracking on blockchain went exactly nowhere.
  - cyberax 3y ago
    Wow, I looked at the WV and EnergyWeb. It's such a canonical 100% buzzword-driven nonsense, that my BS meter just went off the scale. Prediction: they will run out of investors' money within the next couple of years, and then they'll quietly die, like all other "blockchain" startups.
  - bananapub 3y ago
    > The blockchain is used for many things: regrettably not anything useful, however.