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by rubyfan 1661 days ago
Um no. I didn’t say “no one.” I said who and for what reason.

In my opinion, some rando startup deciding to do it (no offense to @knurled99); or a hypothetical rando VC deciding to back it still doesn’t make it a real threat to the sector.

It’s real if it changes the game and takes meaningful market share - not just a proof of concept or boutique outfit catering to the blockchain echo chamber.

This type of blockchain hype is the original point of my comment, implementations of blockchain for X absolutely exist and there’s plenty of examples. That was never in question. My point was to turn and run because the motive for using blockchain is hype or bullshit like many AI/ML, big data, no code/low code outfits tend to be. Sell you on new tech everyone seems infatuated with but don’t understand.

To the original point of debate…

> Someone is going to roll a decentralized ID system on blockchain and tank this whole sector...

There are a whole lot of things that could disrupt the document signing industry but blockchain on its own isn’t the thing. Again, who and for what reason matter a lot more than whether they use blockchain or traditional cryptographic hashing and S3.