Blockchain Is Merely a Marketing Instrument

blog.leif.io

2 points·leifg··3 comments

Your arguments don't hold. The point about blockchains in general is: it's an interesting new technology. Do you disagree?

Since we can agree on that, what is wrong about people trying to put that technology into practice? No one has ever claimed some specific blockchain application would be profitable, but people are trying to put that thing into use. What is the problem with that?

I agree that blockchain is an interesting technology. There is absolutely nothing wrong with that.

But that’s not (entirely) what is happening. I constantly run into people that claim blockchain WILL disrupt $industry and WILL make millions of $$$ through cost saving.

If that is true there should be monetary proof by now.

I’d like to see that proof.

Is it interesting though? People put to forefront that it is distributed, but I think that being distributed is a secondary attribute (after all you can run this software solo). Mainly it is immutable and public. Immutable public database - is it that much interesting? And for what exactly? I don't see many possible applications, even for government since they all come with multiple cases against this tech - e.g. voting on blockchain, cool, now it is very hard to falsify voting but it comes with a neat option to harass and discriminate people afterwards since blockchain is public. And so on.

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