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Blockchain reminds me a little of the history of the internet but worse . The internet started with good intentions but then in the late 1990s it was all about greed and it took much longer for the value to really show. The main problem with blockchain is that they jumped straight to greed and get-rich-quick schemes before it showed any real world use.

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One thing though, the internet was/is solid technology. Underneath the internet bubble was something that worked. Blockchain is promising technology but without solving the scaling issue it will always be just that.

The scaling issue is close to solved - there are a number of rival solutions, time will tell what wins out. There are other issues though such as money laundering regulations.

So we've been told for the past couple years now.

I expect that the problem won't be solved, and instead we'll get a formal proof that you can't build a fully decentralized, trustless system without Proof of Work, at which point I hope Bitcoin & others will get labeled for what they are: crimes against climate and sustainable energy economy.

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