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by ineedasername 3103 days ago
Yeah, the "wow amazing" factor isn't really there in an obvious way for the innovative pieces of this tech-- blockchain can be useful wherever digitially mediated transactions need to be safe from fraud or attack, but that's not much of an OMG feature for most.

And the currency side, where some advocates like to tout potential societal changes, can't gain critical mass right now with artificial scarcity tied to arbitrary hash difficulty slowing things down.

Right now it feels like the whole thing is a giant flywheel where excitement drives it faster and faster, but there's no escapement to chanel that anywhere. Maybe the better comparison to the dotcom bubble would be if all that overhype had come 30 years earlier when what ultimately became the net was just an oozing nebula developing protocols and eager enthusiasts.