Ask HN: Am I going insane or is there genuinely no value in blockchain tech?
You&#x27;re missing the fact that it enabled purely online&#x2F;digital money people will actually use.<p>You could build an online currency with a database much more easily than blockchain but people won&#x27;t use it because it relies on a central authority to maintain the database and not enough people will trust that central authority not to misuse their power. It was tried a bunch of times in the past and never worked.<p>Fundamentally though it isn&#x27;t about the technology it&#x27;s about the transition. It&#x27;s about money transitioning to a purely digital form which people will use.<p>In the past entire industries have been revolutionised multiple times by such transitions. Music moved to digital via mp3. TV, Movies via efficient video codecs and streaming. In both cases those shifts caused massive and unpredictable changes to how we consume and buy music&#x2F;tv.<p>Now that money is making the same transition, people are jumping on it hoping to profit from it and money is much much more important a technology than music or tv&#x2F;movies, it&#x27;s the fundamental technology of society.