Microsoft is shutting down its Azure Blockchain Service
Similar to how &quot;god of the gaps&quot; arguments work, there&#x27;s a &quot;god of complexity&quot; phenomenon in tech, where people will project infinite possibilities onto technology they don&#x27;t understand.<p>Blockchain is a brilliant solution to an extremely rare problem. It lets you do distributed consensus among untrusted nodes in a setting where contributing compute power is economically incentivized (e.g. where there&#x27;s mining). That applies to cryptocurrencies, but basically nothing else.<p>It&#x27;s amazing how much bullshit has been pitched under the flag of &quot;blockchain&quot;. Millions of dollars have been poured into projects that are technically unsound or that had no use for a blockchain to begin with. This has been going on for years.