Microsoft is shutting down its Azure Blockchain Service
Similar to how "god of the gaps" arguments work, there's a "god of complexity" phenomenon in tech, where people will project infinite possibilities onto technology they don'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's mining). That applies to cryptocurrencies, but basically nothing else.<p>It's amazing how much bullshit has been pitched under the flag of "blockchain". 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.