Hacker News new | ask | show | jobs
by villasv 1710 days ago
> Blockchain legitimately has potential to solve major social problems

Blockchain was cool and novel, but the hype should be over already. We’re nearing 15 years of blockchain tech and it is still not magic powder that solves society’s problems.

1 comments

I think its made remarkable progress, especially now that Proof of History exists and Proof of Stake is widespread, most of the ground work is set for efficiently creating trust-less game theoretic environments. I think developing blockchain techs is a naturally slow process, since it take so much effort to test and start a network. If you are used to thinking of blockchain dev like normal software, you would be correct in thinking that blockchain is unimpressive, based on its velocity.

Its not a magic bullet for society's ills, but its going to be a game changer if people really want the games we play to be more equitable and impossible to hijack.