SocraticGadfly: Blockchain: A solution in search of a problem

September 02, 2020

Blockchain: A solution in search of a problem

Blockchain is "a solution in search of a problem," and that's only half its problem, if that much. (The piece doesn't mention the anti-government libertarianism of bitcoiners, but does mention other issues.

Blockchains are used for data and are based on data. But, as the author notes, modern fraud is generally fraud by data suppliers.

Finally, Frederik notes that in many cases where small governments and organizations are based on blockchain usage? It's hype, and they're not.

Basically, it's a new version of salvific technologism. It's not going to save the world, nor is it going to magically change it. And, if anything, overuse of it, because of yet other problems, like its general irreversibility, could be for the worse, not the better. The sooner others realize that, the better.

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