I completely agree with this assessment – the Blockchain approach, particularly the proof of work consensus model, makes sense in far fewer cases than people claim. But where it does, there is currently no alternative.
Clemens Vasters 🇪🇺📨🇮🇱🇺🇦 @clemensv
20 Apr 2018
Replying to @clemensv
The specific combination of well-understood architectural building blocks that make up "blockchain" is very well applicable, but nearly exclusively applicable to all-around trustless global ledger accounting problem (e.g. "coins").

Apr 25, 2018 · 4:59 AM UTC

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In other words, I both agree and disagree with the sentiments expressed in that thread (which you should read): I think once we’ve accepted that centralizable use cases aren’t a good fit, it’s somewhat pointless to criticize BC for the decentralized aspects
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Replying to @stilkov
For me the biggest issue with the PoW is the enormous energy consumption compared to the few benefits. What is your take on this?
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It bothers me a lot, and I would love to see an alternative. I don’t consider it a waste, though
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Replying to @stilkov
Ofc! It‘s just yet another tool in our box. Exactly like CQRS, BigData, NoSQL, microServices, Cloud, messaging, workflows, ... it makes perfect sense for a few % use cases and no sense for the rest. Right now it‘s used as a hammer for everything.
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