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rustyshackleford  ·  1281 days ago  ·  link  ·    ·  parent  ·  post: Blockchain, the amazing solution for almost nothing

There’s certainly a ton of money to be made in blockchain tech, and lots of industries that need better databases and records. It’s important though to remember that blockchain is just a database. It doesn’t do anything whatsoever to stop shitty people from doing shitty things. In an example like a corrupt government office keeping track of deeds, there’s literally no additional difficulty entering a false record that results from any aspect of blockchain. Similarly, there’s nothing that makes it publicly accessible that’s inherent to blockchain. You can swap blockchain in that example with a SQL server or MongoDB and have the exact same end result.

Again, not saying there’s not dough to be made, there is. And yes, we need better record keeping in a lot of industries. But it’s important to not mistake blockchain for being a silver bullet that fixes humans. It is a silver platter that serves up investors to projects that need money, so that’s fantastic, but it’s just a database.