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Blockchain is not only crappy technology but a bad vision for the future

Blockchain is not only crappy technology but a bad vision for the future by Kai Stinchcombe (Medium)
Blockchain is not only crappy technology but a bad vision for the future. Its failure to achieve adoption to date is because systems built…
Kai Stinchcombe notes:

Blockchain is not only crappy technology but a bad vision for the future. Its failure to achieve adoption to date is because systems built on trust, norms, and institutions inherently function better than the type of no-need-for-trusted-parties systems blockchain envisions. That’s permanent: no matter how much blockchain improves it is still headed in the wrong direction.

 

There is no single person in existence who had a problem they wanted to solve, discovered that an available blockchain solution was the best way to solve it, and therefore became a blockchain enthusiast.

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