| > I also feel crazy in that there seems to be consensus that blockchain is suppose to do everything, or should be doing more than it does. In all of this, I am viewing the problem space from the domain of infrastructure, agnostic of application. Is blockchain tech already everything we need it to be? This is where the line is drawn here and we start to see the problems in using 'blockchain for everything' which as silly as using one tool / language for every. single. application, which is what Ethereum originally proposed. As I already said [0], since that has failed to scale on-chain, it cannot be used for many serious applications without overpaying for fees. If it cannot manage to scale and keep its fees low, then its possibilities are quite limited for anything on-chain. Like Bitcoin, both of them have proven after years of existence, waiting for improvements and promises had no notable improvements for either of them for on-chain scaling. One of the only useful applications for these blockchain tech is and has always been payments. That is why companies like Stripe [1] have gone and made a crypto payouts product with that which as always needs to use a layer-2 side chain since they also know that Ethereum itself is too expensive for on-chain payments. Highly likely in the future Stripe will add a faster and cheaper on-chain layer one blockchain that can scale faster than both Ethereum and Bitcoin and is suitable for payouts. [0] https://news.ycombinator.com/item?id=31031572 [1] https://stripe.com/blog/expanding-global-payouts-with-crypto |