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Comment by GibBreakPls | Hacker News Reader

I'm sorry but it feels really good to be true about many things like Blockchain and AI/ML hype, get ostracized for having such opinions by communities like HN and Reddit, wait few years and then find out that they have all jumped ships when you didn't check.

You first-worlders need to stop blowing smoke up your asses and wind down a little bit.

Next "big" thing to be killed by reality: Quantum computers (another BS made out of thin air by the likes of IBM for the sake of staying relevant and making undeserved money or some such)

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The difference between Blockchain advocates and the thieves from the tale "The Emperor's New Clothes" is that the weavers from the tale knew they were bullshitting the king. Sadly blockchains will not revolutionize mankind.

As the saying goes, never attribute to malice what can be adequately explained by extreme stupidity and the first-worlders' googels of prosperity that is sustained by silent injustices and extreme malice that is literally not recognized and certainly not acted upon by like all of them.

That's not entirely correct. People repeatedly like to take hard yes/no stances on blockchain because they seem to confuse the issue with cryptocurrencies. Cryptocurrencies are quite obviously overhyped and self-destructing. But blockchain is actually being implemented in many effective ways around the world - just in areas that you wouldn't generally hear about. Blockchain has its place, just not at the current moment.

I don't know any problem where blockchains are the best solution - it is possible there are some, I don't know.

I'm just talking about the very inflated social/political expectations, the "blockchain will change everything" mantra: I don't see this happening.

How can we know if a solution is effective if we have not studied it thoroughly enough? There might be use cases for blockchain that have yet to be probed. It's certainly being taken seriously in the finance industry, especially in terms of financial records-keeping and accounting for governance by regulatory bodies.

> There might be use cases for blockchain that have yet to be probed.

This is like saying "you can't prove god does not exist". It is true but pointless.

> It's certainly being taken seriously in the finance industry, especially in terms of financial records-keeping and accounting for governance by regulatory bodies.

Precisely tasks where there are so many solutions both more efficient and time-proven! With so much hype around the idea the industry has to take a peek but sooner or later they will face reality: the king is naked.

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