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Re: Do we need blockchain technology?
by
Osarman
on 04/05/2019, 06:59:33 UTC
Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects  that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.
Bitcoin can't work without having Blockchain. So we need Blockchain for cryptocurrency to work. Then as for whether we need it for anything,I don't think we really need the Blockchain in any other area cause that has not been proven yet. For now, the only reason why we need Blockchain is for the cryptocurrency.