If you are gonna downvote, say something.
I can’t tell if you’re downvoting because you saw the word “blockchain”, or you really love it.
I’m using quotes in the title, because I suspect a major amount of people use the word “blockchain” loosely to refer to other related things. If you are willing to, please provide a definition of what you mean by “blockchain” as well.
The reason I am generally skeptical of the technology is the same reason I’m not going to try to give you a definition.
I’ve never seen it solve a problem or be proposed as a reasonable solution to a problem. What happens instead is that someone says “could we do BLOCKCHAIN for this, it’ll make it way more modern” and the subset of people that want to look really forward-leaning and cool say “YEAH”. If that subset of people is loud enough, a lot of money gets spent and a bunch of implementers have to figure out how to jam in something they can say is blockchainy… leading to a proliferation of definitions.
The results have been universally more expensive applications with fewer helpful features. I don’t like “blockchain” because everything that touches it gets worse.
Okay, fine, thread. But why do you have such an emotional, lose-your-shit response if you merely think it’s not a very useful technology? I’m not saying you’re wrong, but I also think there is more going on that is not acknowledged.
I had to download like 60GB worth of blocks over about 2 weeks a couple months ago, just to confirm I’m indeed broke and nobody takes Zcash anymore anyway.
The only thing it scales well at is needlessly sucking a stupid amount of power. The chains are huge and full of spam. Nobody can afford the gear to mine anymore so we’re back to the rich elites making more money.
Blockchain is touted as an immutable ledger of transactions visible to everyone.
The only proper use case I can see for it is audit logs where you never want to loose what transaction happened. That being said, we have existing technologies which provide this at a smaller footprint.
I don’t hate blockchain, but I can see why other people might.
Blockchain’s more or less only use is in cryptocurrencies (yes there are theoretically other usages, but let’s be honest it’s a drop in the ocean). The #1 cryptocurrency can do about 10TPS (please don’t even mention all the broken L2s), the #2 is “just about to revolutionize the world with smart contracts” for almost ten years already (so far the most revolutionary thing is monkey jpegs), then there are a few stable coins which aren’t even really a cryptocurrency at all, and thousands of literally memecoins.
Real cryptocurrency (XMR and maybe BCH) can and is used as currency (I pay for lots of legal stuff like VPN/VPSs/domains with XMR), but not many people are interested in that I guess.
