blockchain

One CEO Goes There: What If Blockchain Is Useless?

"What if there isn’t actually any use for a distributed ledger at all? What if the reason that, ten years after it was invented, the reason nobody has adopted a distributed ledger at scale is because nobody wants it?"

"What if there isn’t actually any use for a distributed ledger at all? What if the reason that, ten years after it was invented, the reason nobody has adopted a distributed ledger at scale is because nobody wants it?"
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5 comments on “One CEO Goes There: What If Blockchain Is Useless?

  1. Nice piece. Thanks for reposting it. Very concise sense of the state of this kind of basic tech. Without knowing any real details I spent about an hour last summer with a couple of academics seeking capital for a blockchain research center they were creating. They were going to use all this money to support the development of myriad uses for the “miracle of blockchain.” i listened intently and as I did I couldn’t suppress the rapid rise in my subconscious B… S… meter. I nodded politely, took a card, and knew that none of what they said was going to work. Now I’m thoroughly convinced.

  2. the next time that u will take drags…..look the expiry date

  3. Pingback: One CEO Goes There: What If Blockchain Is Useless? – The Cryptocurrency News

  4. Author of article is an interesting man:

    “Kai Stinchcombe is CEO and cofounder of True Link Financial*, a banking and investment service for seniors. In his spare time he enjoys hoping that, post singularity, a detergent delivery drone doesn’t self-execute a smart contract on his life, bitbleaching him from the sky into a hissing pool of unstructured data in exchange for a handful of bitcoins.”

    *https://www.truelinkfinancial.com

    To manage seniors money, True Link Financial only charges retirees a “0.87% fee and invest in a blend of index funds with internal costs ranging from 0.02% to 0.12%, but the total fee will always stay below one percent.”

  5. What about the use case of “Making money.” I agree most business ideas for ICOs seem pointless. But other people believe in them. Etherium has made a %10,000 profit for anyone who invested a year ago. Do Goldman, Sachs, Well, Fargo, and their buddies really provide useful goods and services to the general population? No, they just spin gold out of twine. Why shouldn’t I make money from currency speculation the same way!

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