this post was submitted on 20 Nov 2023
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It's just a fad. There's just a small bit that will stay after the hype is gone. You know, like blockchain, AR, metaverse, NFT and whatever it was before that. In a few years there will be another breakthrough with it and we'll hear from it again for a short while, but for now it's just a one trick pony.
Is there really any utility for blockchain and NFTs?
The hilarious thing about blockchain is that the core concept is actively making the whole thing worse. The matrix protocol is sort of essentially blockchain without the decentralized ledger part, and it's so vastly superior in every single way.
NFTs just show how fundamentally dumb blockchains are, if you skip the decentralized ledger bit then you never need to invent NFT functionality in the first place..
So a [Merkle tree](http://www..com/ https://en.wikipedia.org/wiki/Merkle_tree)?
i'm not sure whether matrix uses that, what i'm talking about is how it does the things everyone finds neat about blockchains without the inherent downsides like massive power usage and EVERYONE having to replicate the ENTIRE ledger.
i know IPFS uses merkle trees though, and hilariously blockchains largely rely on that to actually store any significantly sized data.