Agreed. This is the late 90's web stage of let's try using the block chain for everything, even though it is vastly inefficient. The hype will die for a while as fees get too expensive then might come back later once the infrastructure of higher layers is there to support things.

Business expecting to piggy back on a free block chain deserve to go under.

I'm not sure about whether or not that isn't a good thing though.

The quality of the bits tends to go up as they become more scarce. Compare the telegraph of old with todays internet.

> I'm not sure about whether or not that isn't a good thing though.

I am sure because we can quickly analyze this from a computer science perspective. We are trying to use data structures and algorithms that don't fit for the problem they are trying to solve (forums).

You can say that future blockchains can be a better fit but we need to see yet if those future blockchains are something new or just using concepts that we already had but with a new label.

The Internet (and the Internet Protocol) is used for everything, including building cars, brewing beer, making drugs, moving funds, cctv, building security, controlling UAVs and cars, etc.

Very few cared when Telegraph cable was torn and took weeks to repair. Now if the Internet Protocol is unavailable - the whole enterprise is paralyzed [0].

[0] http://www.mercurynews.com/2016/08/01/southwest-pilots-want-...