I'm not claiming that blockchain is a one use concept. Yes it can be used for other things then banking. I personally feel that NFTs are a great example of that, and that they hold many possibilities for the future.
But the main benefit that blockchain provides is a way to decentralize a network, it's quite inefficient from a performance standpoint. So to use it for anything other than that is a waste (at least currently). Centralized currencies are better than decentralized ones performance wise, and I don't predict that will change anytime in the near future.
To quote Eldenwrong's perfect comment here
"You can use a rock as a spoon but that just makes you retarded"
Hense blockchain currencies (the ones that aren't scams ofc) are decentralized by their nature, since that's the only draw to using that method.
Because of the Pareto distribution this should fail at some point, but with the innumerable amount of new currencies coming into existence, that shouldn't be a problem.
But the main benefit that blockchain provides is a way to decentralize a network, it's quite inefficient from a performance standpoint. So to use it for anything other than that is a waste (at least currently). Centralized currencies are better than decentralized ones performance wise, and I don't predict that will change anytime in the near future.
To quote Eldenwrong's perfect comment here "You can use a rock as a spoon but that just makes you retarded"
Hense blockchain currencies (the ones that aren't scams ofc) are decentralized by their nature, since that's the only draw to using that method.
Because of the Pareto distribution this should fail at some point, but with the innumerable amount of new currencies coming into existence, that shouldn't be a problem.