Honestly I think blockchain as a technology is way overhyped, and this is coming from someone currently working in one of them hip trendy blockchain startups.
It's fundamental promise is that the decentralization is going to increase trust between people and institutions and usher in more democracy but honestly I really don't see that happening. People trust people and institutions based on previous dealings with them, not because the blockchain said they signed their transactions with their private keys. People don't really give a shit whether some transaction settles in a classic CRUD database or on a fancy blockchain.
It's a cool idea for sure but honestly I don't see it being that useful in the long run.
Yeah just look at how many people do all their crypto trading over a centralized exchange. The math behind consensus systems like bitcoin is fun, but using them has practical concerns for many people.
I see what you're saying, there's a lot of responsibility put on the individual person that many people simply don't want to deal with, but in developing countries, where everyone has a cell phone but not really a place to bank, I could see it helping a lot.
Honestly I think blockchain as a technology is way overhyped, and this is coming from someone currently working in one of them hip trendy blockchain startups.
It's fundamental promise is that the decentralization is going to increase trust between people and institutions and usher in more democracy but honestly I really don't see that happening. People trust people and institutions based on previous dealings with them, not because the blockchain said they signed their transactions with their private keys. People don't really give a shit whether some transaction settles in a classic CRUD database or on a fancy blockchain.
It's a cool idea for sure but honestly I don't see it being that useful in the long run.
Yeah just look at how many people do all their crypto trading over a centralized exchange. The math behind consensus systems like bitcoin is fun, but using them has practical concerns for many people.
good thing is faster and cheaper international transactions for some of the cryptos, that's pretty useful
I see what you're saying, there's a lot of responsibility put on the individual person that many people simply don't want to deal with, but in developing countries, where everyone has a cell phone but not really a place to bank, I could see it helping a lot.
...also, howd you get into such a startup?
I'm a software developer and these startups are a dime a dozen nowadays.