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this post was submitted on 13 Jul 2023
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You could always tell because no one could ever really explain it in simple terms what it does or why it was useful, other than trying to defend NFTs existing and enjoying the volatility of the crypto market (not currency).
I mean it has it's uses. You can consider it as a tower made up building blocks. We can write things into the blocks as we build the tower, and every block is inspected by people worldwide to make sure no one's messing with it's contents and they can't be changed after the block has been placed.
It's a really cool technology, but the main problem is that letting people around the world inspect and verify just isn't needed in most use cases. It does a great job at removing the central source of truth, but rarely does anyone explain what the problem with a central source of truth was. Especially when you're talking about a company setting, startups don't want to build open source software without a source of truth, they want to be the source of truth