@wagesj45 @suika the actual technology *is* a great idea. The problem is the party awful implementation (appreciate there’s work to make some chains far less power-hungry) but mostly the crowds using them for pump-and-dump schemes and trashing the wider public image.
NFTs, for example, are a fascinating concept with some, hypothetically, brilliant applications but selling jpgs and tweets are not some of them.
@wagesj45 @wiredfire @suika look again.
Merkel trees are successfully used in BGP monitoring, which allows anyone to detect issues in the non-governed network underlying the whole internet. This helps to avoid or fix both human errors and malicious change injections.
@wagesj45 @suika the problem is that virtually *any* real use case makes blockchain properties pointless or outright undesirable.
A permanent receipt? Digital signatures already do that.
A ledger? It’s ultimately filled by humans, who make mistakes or outright lie. Which a blockchain, being append-only, cannot fix. Unless you append a correction, of course, but then you render the entire concept moot.
An NFT? It’s neither necessary nor sufficient to enforce copyright.
Etc.