Confirmation Bias at work. You're invested, so you want it to take off.
Yet none of those blockchain enthusiasts could tell me a
single USP that blockchains had over storage in a normal database on any concrete use case, with the sole exception of cryptocurrencies.
And the reason is simple: all those applications have none of the properties and problems the blockchain solves - which is an elegant niche solution tailor made for mutually mistrusting entities working together on a distributed ledger. That barely exists in real life.
Centralized systems are what you want in 99% of cases. They're more reliable, better controlled, have infinitely more throughput and usually, you want to be able to roll back transactions under certain conditions (fraud, mistakes, etc.)
Sure, you could store anything in a blockchain. Sure, something yada yada blockchain could "replace Netflix". It's just that apparently nobody can tell me _why_.
My only concern right now is that I can't short Blockchain technology because the relation of hype to actual usefulness and potential is so incredibly large that it will drag a big chunk of the tech sector down the drain.
In stark contrast to AI which is just as hyped, but isn't just supposed to "change everything" since years - it's actually starting to do so on a spectacular timeline.
Yet none of those blockchain enthusiasts could tell me a single USP that blockchains had over storage in a normal database on any concrete use case, with the sole exception of cryptocurrencies.
And the reason is simple: all those applications have none of the properties and problems the blockchain solves - which is an elegant niche solution tailor made for mutually mistrusting entities working together on a distributed ledger. That barely exists in real life.
Centralized systems are what you want in 99% of cases. They're more reliable, better controlled, have infinitely more throughput and usually, you want to be able to roll back transactions under certain conditions (fraud, mistakes, etc.)
Sure, you could store anything in a blockchain. Sure, something yada yada blockchain could "replace Netflix". It's just that apparently nobody can tell me _why_.
My only concern right now is that I can't short Blockchain technology because the relation of hype to actual usefulness and potential is so incredibly large that it will drag a big chunk of the tech sector down the drain.
In stark contrast to AI which is just as hyped, but isn't just supposed to "change everything" since years - it's actually starting to do so on a spectacular timeline.