Hello,

I have been researching about blockchains and stuff and it all seems like a big scam. It’s not sustainable and can be replaced by a simple database.

is there any legitimate use cases of blockchains or it is all just a big scam?

  • Bahnd Rollard@lemmy.world
    11·
    11 days ago

    I would argue against this stance, but not completely. The need for decentralized authorities only comes about due to a lack or trust or failure of the custodians of the product.

    From your example, you could turn concert tickets into verifiable tokens (I do think this would be a good idea), and it would solve a lot of after market sale and validation issues. The only reason we have these issues in [checks current year] is because monopolies like LiveNation/TicketMaster have so throughly turbo-fucked the system that venues and customers cant do anything about it.

    IMO, blockchains are a cool concept, and I love that cryptography is now a common topic of discussion because of it. However, its a solution looking for a problem and the problems up until this point are manufactured by the people selling the product or straight up ponzi schemes.

    • Flax@feddit.ukEnglish
      0·
      11 days ago

      Most techbros trying to sell the Blockchain are just ponzi schemes/scams. It does have a legitimate use. But not for whatever the techbros are yapping about. It is essentially a decentralised database under nobody’s control.