I argue that while there are valuable applications of blockchains they are not valuable in and of themselves.
A hammer is an an amazing tool for anyone wanting to build things and put nails in a walls but I would fail to appreciate its value if someone swung it at my head.
Now let's say someone develops one of those decentralized storage blockchains but this one is purpose built for the storage and protection of child pornography images and their collectors, for myself and most others I would suggest that this blockchain created a minus net value contribution to the overall community while its users would probably consider it highly valuable.
nuclear technology can either destroy a city or power it.
I argue that while there are valuable applications of blockchains they are not valuable in and of themselves.
A hammer is an an amazing tool for anyone wanting to build things and put nails in a walls but I would fail to appreciate its value if someone swung it at my head.
Now let's say someone develops one of those decentralized storage blockchains but this one is purpose built for the storage and protection of child pornography images and their collectors, for myself and most others I would suggest that this blockchain created a minus net value contribution to the overall community while its users would probably consider it highly valuable.
nuclear technology can either destroy a city or power it.