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Now I think we agree, somehow. For one, the blockchain hype train is currently used and abused by too many. It's a viable technology - at least in my opinion - but as of now, it will not "bank the unbanked", or whatever. It's way too complex and there are a lot of problems to be solved, PoW is one, scalability is another one, the learning curve is there too, and then is boulevard media who like to report on shady things, of course, putting everything in a bad light. But! I think having basically a global copy of all data and fundamentally turning the trust model 180° is something we desperately need. All the layers and layers of auditing, risk management, risk mitigation, reporting, re-reporting, re-auditing, departments over departments in financial organizations, or the way the free-for-data model of Facebook and Google works is just disgusting to a large degree. But, as with everything, we will see where it goes. I am strongly on the side of innovation and change. I am not considering myself a full Blockchain fanboy, but definitely more leaning towards this technology and giving it in many cases more benefit of the doubt than other people would do. Which is good. A healthy discussion needs pros and cons. Have a good day sir! |