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by Keyb0ardWarr10r 1420 days ago
The primary purpose of blockchains is to prevent a central authority of regulating a currency, anything beyond it is hype. You're discarding the technology as whole without taking into regard its original intent.
2 comments

I disagree. The author said they weren’t looking at cryptocurrency projects because blockchain makes some sense there. That’s what it was created for after all.

This article is a refutation to the “blockchain all the things!” hype of the last few years.

Very often on HN and other places when problems come up with cryptocurrencies (like another scam implodes) defenders are quick to point out “yes but there are other uses besides cryptocurrency” or that blockchains will revolutionize tons of industries. Logistics is very frequently mentioned.

This article shows that no, not a single group seems to have succeeded at needing a blockchain in any non-crypto project. The few that might be running hide the blockchain in a central place behind a gateway making it totally superfluous.

So … the primary use-case of blockchains is to skirt AML regulations?