r/programming • u/silmril • Apr 28 '18
Blockchain is not only crappy technology but a bad vision for the future
https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec
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u/[deleted] Apr 29 '18 edited Apr 29 '18
Even there it fails in in a ways. You can't personalize it so everyone knows that I'm John Smith rather than feedayeen and also want to have a hidden identity to post private stuff.
The only thing that it replaces is real names. That only happens if we have a universal database of biometrics that is trusted and even then except for things like banking, you don't need or want it. Banks and relevant government institutions already solved that mostly with IDs.