Blockchain Is a Semantic Wasteland
The tweet from the article is correct: &quot;blockchain&quot; is only popular because Bitcoin is an extremely profitable pyramid scheme &#x2F; money laundering service.  There are no use cases that aren&#x27;t (already) better served by existing technology.  We have:<p>- databases<p>- distributed databases<p>- distributed hash tables<p>- cryptographic signing<p>- authentication<p>I&#x27;ve heard all kinds of ideas that are just bad.  Verifiable check in systems (use an app and a database), services were actually delivered (scan a barcode and use a database) supply chain tracking (scan a barcode and use a database).<p>Do you need Sybil resistance from proof of work because your consensus system is public and trustless?  Cool Bitcoin is your jam.  Just try to avoid building an unusable currency this go around, although I can&#x27;t imagine a single additional use for it, and to date no one else can either.<p>Oh and also try and avoid broiling our planet with your energy use.  Earth backup system is not yet online.