Re:The blockchain paradox: Why DLTs may do little to transfo...
by hectorr510 on Thursday June 15, 2017 @02:33PM
(#14563080)
I see blockchain as an evolutionary step for computing and the internet.
The internet is great because it grants the ability to communicate worldwide at minimal cost, to distribute software at minimal cost, and to replicate information at zero cost.
While copying is great for knowledge, it's problematic for value. Blockchain solves this, now you can share applications and communicate globally with objects of value. That's it.
I don't know if any of the current implementations will survive. I could see blockchain only running a small subset of online activity relating to finance, insurance, and law. I could also see it rendering our current conception of the internet sector as the media/advertising niche, the way cable changed broadcast TV forever.
Mostly I think the tech is really cool. So I'm going to keep messing with it. But I appreciate the skepticism, it means there's work to do.
The internet is great because it grants the ability to communicate worldwide at minimal cost, to distribute software at minimal cost, and to replicate information at zero cost.
While copying is great for knowledge, it's problematic for value. Blockchain solves this, now you can share applications and communicate globally with objects of value. That's it.
I don't know if any of the current implementations will survive. I could see blockchain only running a small subset of online activity relating to finance, insurance, and law. I could also see it rendering our current conception of the internet sector as the media/advertising niche, the way cable changed broadcast TV forever.
Mostly I think the tech is really cool. So I'm going to keep messing with it. But I appreciate the skepticism, it means there's work to do.