Blockchain Use Cases Debate
The cluster revolves around skepticism toward blockchain technology's practical applications, with commenters debating whether it solves real problems or remains hype without proven uses beyond cryptocurrency and scams.
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so nothing has changed and blockchain is still a solution looking for a problem
Yet people will still claim blockchain has no usecase
Avoid blockchain at all costs if you don't understand when and how to apply it. Unless you just want to ride the passing hype train
Bitcoin is going to be 15 years old soon and aside from this original usage, no real usage has really taken off for "blockchain" technologies (and no, I am not counting the occasional pump and dump / virtual scarcity scheme as a real usage of the tech). We really have to stop asking this question. And I say this having had some involvement with some web3 projects/company.Even if it is theoretically possible, it create a huge barrier for entry, a lot of user friction, issue
I keep seeing blockchain being hyped up, but if it is so great, why is it not more widely used?
I understand that some people don't see value in blockchain tech, but boy, this is just naked hyperbole.
This is a complete non-sequitor. The usefulness of blockchain is not assured because people have been skeptical of useful technology in the past. You must actually propose and defend an application of this technology. Otherwise you are offering my skepticism as evidence itself that blockchain will be useful. If that had merit we can go into business together: you propose a technology and patent it, and then I express skepticism and then - profits!
A blockchain is relevant in cases where there needs to be an actual chain. But in any case, you're focusing too narrowly here. Instead of honing in to try to disprove that a given technology is the proper solution, it's smarter to try to understand what happens when such a solution is widely deployed, and what pre-conditions are present today to help predict if, when, and how it will happen. Regardless, Bitcoin-like blockchains are already dated technology even within the cryptocurrenc
Wild. It's not like blockchains are in any way a clearly proven, established thing.In fact, considering that we are stilling waiting for the first tangible contribution to society out of the blockchain field that matches its surrounding hype, I would argue that doing things differently is probably a good idea.
Interesting that blockchain is not mentioned at all. Is it past its hype cycle?