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Comment by mywittyname | Hacker News Reader

> it's just Kodak trying to ride the free money wave of cryptocurrency speculation.

Our company made a massive push last year for developers to be "using blockchain technology, now." No real direction as to what exactly needs to be solved with it, just that we need to be seen using it.

This was before several months before the whole Long Island Blockchain fiasco. Apparently, last year, "block chain experts" were meeting with CEOs of major companies and explaining to them that the blockchain is going to change the world and they need to start using the tech, lest they be forgotten.

Low-and-behold, six months later, there's a massive influx of companies announcing blockchain technologies (that don't make any sense). Makes me wish I asked who these "experts" were when I was told about it.

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I keep seeing ´blockchain´ in proposals and start-up documents where the whole thing has been dragged in by the hair and through the weirdest of reasonings be made to seem like an integral part of the plan. It is a surefire way to end in the wastebin, but as long as there is enough dumb money tracking these projects I am afraid it will continue for a while to come.

It’s the new buzzword. Blockchain has very specific technical use cases that are not appropriate for networks where all participants know and trust each other.

I’m more curious why alternative governance models are not achieving more traction. The corporation as a way of governance is obsolete compared to a DAO.

It's going to take several DAOs being profitable and not getting exploited into oblivion for years before the idea can gain any traction.

Oh, "blockchain" is not a proper name or an uncountable noun, btw...

Count me sceptical. Traditional companies have been doing fine for more than a thousand years. I'm not sure DAOs have managed to launch a single productive enterprise. Given that companies are basically groups of people doing some enterprise there is something to be said for them being able to meet in a room and chat as opposed to the DAO model of semi anonymous crypto holders voting.

Guys billing $500 an hour to tell people what they want to hear.

How do I become this guy? I get paid $80 an hour for a much harder job.

Heh, I want to know how to get paid $80/hour :) , grass is always greener right?

The two of you could always partner up to split that one job, and both still get an at-least $170/hr raise :P

Guys billing $500 an hour to a third party to provide a CYA paper trail that shields the executive from criticism should everything blow up spectacularly.

Winklevoss PR men would be my best bet.

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