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A comment on Rhetoric around the blockchain hints at problems with techno-utopian ideologies. Parent comment

Re:Rhetoric around the blockchain hints at problems with tec... by danmaz74 on Monday May 14, 2018 @02:10AM (#17063104)
> If control of your blockchain is centralized, it's no better than an ordinary database

Actually, it's much worse from an efficiency point of view. Which means that all those applications are fad-driven.

I'm sure there can be genuinely useful applications for blockchain tech, but for now the only truly compelling one I'm aware of is to execute unlawful transactions (I don't count speculating on the price - something I've done too a bit - as genuinely useful).

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Re:Rhetoric around the blockchain hints at problems with tec... by nfin on Monday May 14, 2018 @02:20AM (#17063154)
because of the yet still lack of privacy I am not sure that right now it is most compelling for unlawful transactions. There are many use cases (like you mentioned) and most are used only by a handfull of people, but growing by the day the more stuff getting developed (lightning, ...)
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