Hacker News Reader

How a blockchain works.

They said valuable haha, a solution on a decade long quest to find a problem isn’t really valuable.

Maybe bitcoin and crypto are not valuable... but the mathematical ideas of blockchain are, after the bubble dies they'll just become boring pieces of crucial infrastructure that sit in the background but they'll be there, it's the only way to ensure data auditing and integrity, and sooner or later people will be ok with paying 10x or 100x storage and compute costs for auditable integrity.

It's just that the real deal insight behind blockchain is not sexy and not something that's easy to make money from...

> ...after the bubble dies they'll just become boring pieces of crucial infrastructure that sit in the background

Well if the value is Merkle trees we can just say that ;)

> ... it's the only way to ensure data auditing and integrity

It isn't.

> ... and sooner or later people will be ok with paying 10x or 100x storage and compute costs for auditable integrity.

They won't.

We're all using blockchain every day when we use Git.

Reply on news.ycombinator.com