[cik2e]

Bitcoin truly does suck, for reasons mentioned and the wastefulness of PoW. However, saying that "blockchain sucks" is really short sighted and screams of ideological bias. We're not in the MySpace stage yet, but more like AOL. The internet in the early 90s sucked a whole lot too but the potential was pretty obvious, just like it is with crypto. And today there's a whole lot more to blockchain than just digital cash. That's just the most obvious and, by now, one of the least interesting applications.

Sure, all of this technology is nascent and scaling issues are yet to be solved. But it's far from useless in its current form. Not every application needs 10s of thousands of txs per second, for example ICOs. I know that this is another hot-button issue, but some of us feel strongly that people should not be protected from themselves. And that's the most important thing that blockchain offers: true freedom, and that's why it's so exciting. Especially at this junction, in the wake of the internet having been co-opted by big business and big government.