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by simias
2983 days ago
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>I wouldn’t worry too much until there is an actual use case, and if there is a use case, then why worry? I don't usually worry much about over-hyped technologies that gets the executive types all fuzzy inside while the rest of us look from afar wondering if they even understand what they're talking about. Web 2.0, NoSQL, IoT, Blockchain... The list is long. And it's not all trash, there's often some value at the core of the hype once you remove all the fluff. But Blockchain is a bit more nefarious that this IMO, because it goes hand in hand with cryptocurrencies. The huge valuation of cryptocurrencies is the only reason Blockchains got so much publicity in the first place. I'm certain that if Bitcoin hadn't recovered from it's huge crash a couple of years ago you wouldn't see nearly as much Blockchain this and Blockchain that everywhere. Conversely if you look at cryptocurrency enthusiast forums they use these news articles about big companies investing money and resources into "the blockchain" as proof that there's some high intrinsic value to the technology and to justify a very high valuation and pump it even more, especially to newcomers. "IBM is going to create a blockchain, BUY BUY BUY!" It results in a big spiral of hype enabling scams enabling hype enabling scams... Meanwhile as far as I can see the only practical use cases of cryptocurrencies and even "the blockchain" at large is unbridled speculation, pyramid schemes and buying illegal stuff online. All that while expanding a ridiculous amount of energy mining the damn thing. |
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You aren't looking very hard, then!