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Comment by ushercakes | Hacker News Reader

After 2022, it's both hilarious and sad to see how blockchain type recommendations have fallen off so hard.

What a gigantic waste of time and effort that field has been. I still have yet to see anything useful come out of it. NFTs always are pointed to as the "useful" thing, but tbh, if I'm buying art, I'd much rather have some well regarded painters work hung in my living room.

Not some monkey as my twitter avatar. Shrug.

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I never really bought into the crypto hype... I did setup some bitcoin miners at home to run when idle when it was really early on... I think it was like $0.15-0.25 for a coin in terms of trade value. I had a handful of coins that cost way more in terms of electricity at the time, and couldn't really do anything with them... I deleted all of it off all the machines. Sometimes wish I'd kept the wallets (not sure if Dropbox was around yet) when it hit like $20k or so.

It just feels kind of scammy... but I largely feel that way about the stock market as well.

There are really good applications of blockchain, unfortunately most effort was focused on the dumbest ones.

Take for instance identity management - hospital ticketing system, where the patient's records are linked directly and inextricably to the tickets, etc. You can request an appointment using a smart contract, and everything else will happen magically.

Maybe someone worked on such systems, but they didn't get any airtime. I think eventually it will happen.

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