Post
Topic
Board Bitcoin Discussion
Re: The real value of blockchain
by
serjent05
on 02/06/2020, 10:42:19 UTC
Well said Smiley but I think this article may capture your interest :  The Blockchain Immutability Myth.  Kinda old article but I believe it still has its punch.
Thanks for the article, however I have heard those claims about blockchain being not truly immutable system. These are not baseless at all. But you can claim the same about everything we have today. Every notion can be disputed. Any truth can be viewed from different perspectives, you can find flaws and shortcomings absolutely everywhere. Everything is relative, there is nothing absolute in the universe. Even universe itself can be destroyed by big bang, in the same way it was born. So, while we are talking about immutability of blockchain, we can't predict future of humanity. If humanity refuses the idea of bitcoin, it will definitely fall apart, its immutability will be gone for good. It is people who have to decide whether they need immutability or not. After all, bitcoin and blockchain were created to serve people, so let people to decide what to do.

True that, and I also believe that "there is no permanent in this world but change".  Since Blockchain is only a creation of man, anyone with enough knowledge and power can easily modify anything.  I also believe in the uncertainty of the future, who knows there will be another technology far more useful than blockchain technology that will render it worthless. 

Blockchain tech is still young and currently trending, whatever lies ahead we never know until we get there.  The real value of blockchain depends on the people who patronize or despise it.  It might be worth the world or nothing at all.  At the end of the day, it is the individual's valuation that matters.