Hello,
I have been researching about blockchains and stuff and it all seems like a big scam. It’s not sustainable and can be replaced by a simple database.
is there any legitimate use cases of blockchains or it is all just a big scam?
Hello,
I have been researching about blockchains and stuff and it all seems like a big scam. It’s not sustainable and can be replaced by a simple database.
is there any legitimate use cases of blockchains or it is all just a big scam?
Basically, no. At least, not until everyone has the knowledge and resources to run their own compute, which is never.
Decentralized systems must be accessible and maintainable by the majority. Blockchain is neither of these. It’s also why the internet moved to platforms rather than remaining as many niche forums.
Additionally, network effects and economies of scale make decentralized systems difficult. See Lemmy. Even here, World is the biggest because it’s simpler and easier to do everything in one place. People don’t have to make decisions. People don’t have to do their own work.
Basically, human psychology and economics suck