Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake
by stale2002 on Sunday December 09, 2018 @11:20PM
(#18645169)
> It's had 10 years and nothing about it has fundamentally changed
The usecase is censorship resistant financial transactions.
It is working right now, for people in Venezuela, for example. It is working for people who are attempting to make financial transactions, across the world, quickly and cheaply.
Tell me a better way to make censorship resistant financial transactions, over the internet, if you think this is useless.
Face it. Blockchain is going nowhere. It was stillborn the day it was created. It's had 10 years and nothing about it has fundamentally changed (as many bitcoin advocates love to point out as if it was a positive thing).
Normal people who say "yeah, blockchain might have a use" are just being polite. They don't want to state the obvious. Beyond its current use case as a magnet for scams, fraud, pump & dumps and get rich quick schemes there is no use for the blockchain at all.