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Comment by wpietri

No, those aren't real problems either. Problems are experienced by humans. Humans willing to pay money for solutions.

Actual problems are things like "I want to buy this candy bar," or "I want to fly to New York in August and I need to pay for the ticket." Those are problems Bitcoin, as "a purely peer-to-peer version of electronic cash" [1], was intended to solve. It didn't.

As far as I can tell, the main problems blockchains "solve" are things like, "I would like to run a Ponzi scheme and not go to jail." Or, "I would like to hype something and make a lot of money off people." Or, "I would like my consulting company to bill a lot of hours." Or, "I would like to gamble on price fluctuations, and gold isn't volatile enough for me." But I wouldn't call any of those real problems in the sense of being things where solving them is positive sum for the society as a whole.

I would be happy to be proven wrong, of course. Blockchains are a cool technology. But I've spent nearly a decade asking for actual customer problems that are demonstrably solved better by a blockchain. I haven't found one yet.

[1] https://bitcoin.org/bitcoin.pdf

parent wpietri 8 years ago

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