Re:I Don’t Believe in Blockchain
by cocktailpeanuts on Saturday May 13, 2017 @04:17PM
(#14332786)
Maybe the confusion comes from how people are using the term "Blockchain", which actually is technically a term tied to Bitcoin but hijacked by VCs to create hype around it.
But I agree with you that "Blockchain is a classic example of a solution looking for a problem" assuming you're talking about the hijacked usage of "blockchain".
> Name a single bank who is using blockchain in an essential component of their operations (not just a proof of concept). Go on, I'll wait.
I think this is exactly the point. Banks trying to employ their own blockchain is the same as companies trying to employ "Intranet" when the Internet first came out. It won't work.
But I agree with you that "Blockchain is a classic example of a solution looking for a problem" assuming you're talking about the hijacked usage of "blockchain".
> Name a single bank who is using blockchain in an essential component of their operations (not just a proof of concept). Go on, I'll wait.
I think this is exactly the point. Banks trying to employ their own blockchain is the same as companies trying to employ "Intranet" when the Internet first came out. It won't work.