[mstaoru]

Many on HN had experiences with investment, or are themselves, investors. We need to see either enormous traction (beyond speculation) or solving of an actual customer problem. So far not a single "X but with Blockchain" startup did not deliver anything of true value.

Personal anecdote: a friend of mine was working on a project to utilize extremely counterfeit-resistant holographic tags to authenticate organic produce in China (where anything can be faked). 2-3 years and he still didn't have any significant customers. Enter Blockchain. They replaced the tag with a QR code, "blockchain cannot be faked" mantra, and within 6 months got $4 million investment and some customers. So when you scan the QR code, it opens a web page that shows some fancy data like id, date of packaging, etc. Who provides this data? The company. Who provides the web page? The company. Who can alter this data in any way they want? The company. And now the punchline: there is no blockchain in the code. Zero.