Blockchain technology is going to change everything: the shipping industry, the financial system, government … in fact, what won’t it change? But enthusiasm for it mainly stems from a lack of knowledge and understanding. The blockchain is a solution in search of a problem.

reddit comments

There are several oversimplifications to watch out, but still interesting.

  • kingthrillgore
    5·
    3 years ago

    I would have argued it solved a distributed data problem, but DHTs solved that and much like DHTs, the Blockchain is painfully slow.

    • null_radix
      72·
      3 years ago

      DHT and blockchain solve different problems. Blockchain are usefully when you need to come to consensus on the ordering for events.

      • null_radix
        6·
        3 years ago

        You could, scuttlebutt builds a social network without domains and optionally uses a DHT