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→So how — ?
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===So how — ?=== | ===So how — ?=== | ||
Because some folks got a bit giddy—and some techno-Unabomber types, but they were kind of giddy in the first place. Blythe Masters | Because some folks got a bit giddy—and some techno-Unabomber types, but they were kind of giddy in the first place. Blythe Masters — she who invented the [[credit default swap]]<ref>I know what you’re thinking. The Midas touch!</ref> — thought it was so profound that she joined a startup in 2015. And folks listen to Blythe — why wouldn’t you? | ||
<Small>Update: in December 2018 Masters stepped down from Digital Asset Platform to spend more time with her giraffes, or whatever Masters of the Universe<ref>{{hawf}}</ref> do, I guess.<ref>"Blythe Masters is stepping down as chief executive of Digital Asset Holdings due to personal reasons, the company said. Masters was not available for further comment."</ref></small> | |||
The FT reports that as long ago as 2016 Gartner put blockchain near the top of its “peak inflated expectations” curve. | The FT reports that as long ago as 2016 Gartner put blockchain near the top of its “peak inflated expectations” curve. | ||
===Is it — you know ...?=== | ===Is it — you know ...?=== | ||
In a nutshell, yes. | [[Snake oil]]? In a nutshell, yes. | ||
You’ll see a lot of hyperbolic nonsense about [[blockchain]], and [https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 this Medium article by Kai Stinchcombe is a pretty good antidote]. | You’ll see a lot of hyperbolic nonsense about [[blockchain]], and [https://hackernoon.com/ten-years-in-nobody-has-come-up-with-a-use-case-for-blockchain-ee98c180100 this Medium article by Kai Stinchcombe is a pretty good antidote]. | ||
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*you’ve imported back in all the problems you thought you were trying to solve; and | *you’ve imported back in all the problems you thought you were trying to solve; and | ||
*existing systems already do all of this stuff more quickly, reliably, cheaply and at greater volume than a blockchain could reasonably handle. | *existing systems already do all of this stuff more quickly, reliably, cheaply and at greater volume than a blockchain could reasonably handle. | ||
The most fun and, frankly, brazen attempt to correct these shortcomings by undermining the whole idea completely is surely [[blockchain as a service]]. No, I'm not making that up. | |||
So — again, whither the use case, dudes? | So — again, whither the use case, dudes? | ||