1/ So, having thought this over and after considerable digging, I’ve pretty well convinced myself that blockchain is bullshit.
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2/ There are loads of Proofs-of-Concept and venture investments and consortia and standards, but few if any production applications.
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3/ The latency induced by distributed-trust by proof-of-whatever is one of the problems
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4/ But basically, for all the effects produced by blockchain, it seems that there are conventional techniques that serve reasonably well.
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5/5 Put another way: It seems that there are few-to-no business problems that share the essential characteristics of BitCoin.
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Replying to @timbray
So your argument is you consider blockchain bullshit for everything other than currency?

Dec 19, 2016 · 4:58 PM UTC

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Replying to @stilkov
Jury’s still out on currency :)
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:) FTR, I’m certain you’d be wrong re. currency, and think while we may not have found many Blockchain uses, they definitely exist