22
The Australian Securities Exchange CHESS blockchain: seven years of sunk cost fallacy
(davidgerard.co.uk)
Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.
A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.
By this point, I think it's pretty obvious that blockchain doesn't have any good use cases beyond financial speculation and scams/fraud.
YOU WOULD THINK THAT, BUT
sanctions evasion and money laundering, and that's basically it
It has one legitimate use case that I can think of. Immutable audit logs, even then there are better options.
so in practice it actually doesn't, and enterprise "blockchain" systems tend to evolve:
multiple such cases!
exactly, like I said, there is only 1 thing it could be used for, but there are better options for that anyway.
Blockchain, the solution in search of a problem.
Careful not to conflate things like hash trees with Blockchains. The former do get used for stuff like certificate transparency logs right now, because it is a sensible technology. Blockchains could do exactly the same thing (because they’re based on the same underlying principle), only with much more expense and waste, so there’s basically no point.