Hello,

I have been researching about blockchains and stuff and it all seems like a big scam. It’s not sustainable and can be replaced by a simple database.

is there any legitimate use cases of blockchains or it is all just a big scam?

  • _cryptagion [he/him]@anarchist.nexusEnglish
    4·
    8 days ago

    Sure, there are a ton of things the blockchain would be great for. Also, it just so happens that nobody uses them for that because the people developing the tech only dream about using it to join the bitcoin billionaires club.

    • ilinamorato@lemmy.world
      1·
      6 days ago

      This is it. This is the real answer. The same goes for AI. The really good uses for both aren’t lucrative enough, so the people with the money try to shoehorn it into places that aren’t a good fit in order to justify their outrageous valuations. Rinse and repeat until the bottom falls out of the market, then sweep up the pieces and try to come up with a new grift.