this post was submitted on 14 Mar 2024
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As best I can guess, it looks like they're just throwing the word blockchain in there so that a16z will hand them $40m in funding.
I'm amazed there are still people out there who consider blockchain a positive buzzword.
Why couldn’t it be a positive word? Assuming you’re disassociating it from bitcoin
Because there have yet to be any valuable applications of blockchain. It's an interesting idea in computer science theory, but you can't do hardly anything useful with it in the real world.
Minor/pedantic addendum: For all uses of "blockchain" in this thread, I assume we can all agree that we're talking about "public ledger blockchain" specifically.
Private blockchains absolutely have their uses, such as being the technology that powers Git. But those uses are still strictly limited to situations where an append only ledger is actually useful, and those are very few indeed.
But yes, in regards to public ledger blockchain, there are absolutely no valid use cases.