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Comment by christiansakai | Hacker News Reader

The internet was a solution looking for a problem. I believe these days it was around when Bezos quit his job to chase the internet, but this time, it is blockchain.

The new blockchain-based millionaires/billionaires will be minted starting these days.

No, not cryptocurrency. Please don't conflate the two. Cryptocurrency is a side effect of blockchain.

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Given that blockchain is exclusively a workaround to lacking a trusted third party, approximately what fraction of economic activity would be revolutionized by not having to trust anyone?

I'm under the impression that many of the blockchain-ers see it more as a new internet and less of a means of executing "trustless logic"

Well, it's grossly inefficient, so in that sense it's in the spirit of the web.

Yeah to add to my above comment, I don't see why anyone would think it's "new internet" or use it in any non-subversive use case

That's the exciting part. We don't know. Read Neil Postman's writing.

Yes I agree. Blockchains would be pretty useful for many scenarios. Few ideas (some already in prodcution):

- supply chain transparency (with the right crypto model you can do things like that different parties have different visibility into transactions)

- food traceability

- fighting counterfeit items (on amazon!)

- a review website where reviews cannot be tampered with (bye bye google or amazon removing negative reviews)

- logging stack for IT operations that cannot be tampered with

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